Some Factors to Consider to Insure Properly Your Auto Repair Shop
Your business can be protected with a proper insurance coverage, plus it will help ensure the safety of your employees and your customers. As the business owner, you will have peace of mind if your company has the proper protection in terms of the insurance you will get, thus avoiding high costs of auto repair, medical bills and potential law suits risks. It is advisable that you are aware of the different coverage options your firm should include in its policy for this will be your guide in finding properly the auto repair shop insurance fit for your business.
Know that having a business in the auto body shops repair, you will give services related to fender benders and collisions, where your shop will make the cars look brand new enough that it is impossible to tell if it had encountered an accident. Your customers then trust your shop for advise and expertise, thus your shop can be sued for fraud and negligence leading you to have the right auto body shop insurance.
Collision repair shops are generally sued in several issues, such as their faulty work, slipping and falling of their customers while in the working area, workmanship resulting to peeling of paint, they did not use original factory parts on the vehicle they repaired, and workers complaint claims during incidents while working.
Depending on where your business location is will affect the coverage of your property, and this is another feature of your policy to look into. One example is if your business owns the building where you are operating, then the coverage is very important in the protection of your establishment and to avoid any misfortunes. On the other hand, if your business is renting your work area, it is important that you ask about the property coverage by the building owners as provided on the paper, so that knowing those policies, you can identify the weaknesses and be able to have your own auto repair shop insurance policy unique to your situation.
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.
A vehicle coverage is another very important feature that you should have if you are getting your auto repair shop insurance, and whether it is for the company vehicle or when the vehicle is driven by your worker, there is protection involved.