Garage business involves handling your clients’ vehicles. Once you receive a car for repairs, you have to protect it against theft or damages. Therefore, get a liability cover for these vehicles. The insurance provider will safeguard the motor vehicles against risks. In case of theft or any misfortune, the insurance company will compensate the car owner. Paying for such risks is costly for a garage operator and can lead to business failure. Also, car owners trust the garage with such liability policies since they know their vehicles are safe. Make sure you have a general insurance cover to safeguard your staff and other garage equipment. Here are vital details about garage liability insurance Florida.
Coverage
A garage insurance policy should cover damages and injuries suffered within the premises. For instance, the cover will pay for medical bills for a client who falls in a repair bay while trying to reach a mechanic. The injured person should go to the specified clinic for them to receive medical compensation. The insurance company pays up to a specified limit beyond which the patient meets the expenses. In addition, the liability also pays for liabilities that might arise from your business operations like segregation lawsuits from staff.
Additional Coverage
Liability providers have garage insurance plans that cover the goods you sell or manufacture. The coverage also involves damage to items due to installing faulty parts in a client’s car. Besides, such claims are subject to a collective limit and accident limit. An auto coverage plan is needed if your staff drive company cars off the facility. However, with a garage liability insurance Florida plan, you are safe as it covers your vehicles. Consult your insurance provider on additional endorsements on your cover to enjoy these benefits.
Garage-Keeper’s Cover
The insurance plan covers damage to cars that are under your care and custody. Garage owners ought to understand that this cover is not part of the garage insurance. Furthermore, the garage insurance will not cover a shop owner in case of fire unless they have this policy. A good insurance company will take you through the requirements to obtain this plan. Also, they discuss the benefits of a garage keeper’s coverage, like covering your employees during test driving.
Conclusion
Garage owners should consider transferring risks to an insurance company. The insurers have different liability products. Thus, pick insurance plans that suit your budget and needs. Seek clarification about a plan before settling for it.