Some Factors to Consider to Insure Properly Your Auto Repair Shop
An insurance policy that has the proper coverage is one way to help protect the interests of your business, to ensure the safety of your employees and clients. If your business has the proper protection, you will have peace of mind as the business owner, knowing that your business has the protection from possible law suits, high costs of auto repair and medical bills. It is advisable that you know the different coverage options that your company should incorporate into its policy, so that will be your guide in finding properly the right auto repair shop insurance for your business.
Part of the services in an auto body shop repair, for the information of those who are still going into the business or are already in the business, are the fender benders and collisions, where the repair shop will make the vehicle look as good as new so that one cannot tell that the car has undergone an accident. In this business, customers would entrust their vehicles to your body shop for advise and expertise, and this is the reason why an auto body repair shops can be sued for fraud and negligence by their clients if they find the services unsatisfactory, and this is where the right auto body shop insurance would come in to your rescue.
For your information, the incidents that a collision repair shop is usually sued for are faulty work, clients slipping and falling while they are in the work area, paints that are peeling, not using factory parts that are not original, and claims from their own workers.
Property coverage is another factor of your auto repair shop insurance policy, and this could differ depending on the location of your business. For example, this coverage is vital to protect the establishment if your auto repair shop business is operating in the premise, and in order to avoid circumstances that are cannot be foreseen. However, given that you do not own and are just renting the place of your business, it is imperative that you inquire about the property coverage from the owner of the place, this way you will be able to identify weaknesses in the policy in relation to your business, and you can develop your own auto repair shop policy unique to your specific business.
Your protection policies should also include the so-called associate coverage, where health, dental and worker’s compensation coverage are part of the policy. By including these protection policies, you will not only make your company look appealing to high standards clients, but will most importantly protect your people in cases of accidents happening in their work areas.
Another very important feature when it comes to auto repair shop insurance is the vehicle coverage, where any vehicle is protected whether as company vehicle, or when the car of your client is being driven by your worker.