Auto body and garage insurance provides coverage for automobile shop and garage risks. Garage insurance policies are for any businesses that take care, custody or control of third-party vehicles. Auto garages offer a broad range of services and are exposed to an increasing number of risks including fire, theft, vandalism, natural disasters and extreme weather. The last thing you want is to discover you are underinsured and held liable for a hefty claim, especially if it involves one of your customers’ vehicles.
What types of insurance policies should auto and garage businesses consider?
Commercial garage insurance packages are designed to cover the risks that are unique and specific to garage businesses. The policies included in your package will vary based on a number of factors but the following are some of the most common found in auto shops and garage insurance packages:
Garage Keeper Insurance provides coverage for damage to customer’s vehicles that are on your premises or that you have accepted into your care or control.
Along with this policy, it is necessary to also hold a Garage Liability policy, which will protect your business against claims of injury or property damage to a third-party.
It is also necessary to hold a Commercial General Liability (CGL) policy to provide protection against legal fees and claims that may arise from allegations due to the faulty repair or damage to the vehicles you or your staff work on.
Garages should also carry Commercial Property and Business Interruption insurance with appropriate limits.
Who needs Garage Insurance?
While it may be obvious that an auto repair shop or garage should carry this specialized insurance, there are a number of other businesses that require autobody and garage insurance as well. If your business provides any of the following services, you should have a commercial garage policy:
- Auto painter
- Collision repair garage
- Car wash
- Minor tune up shop
- Specialty auto shops
- Tire shop
- Tow truck operator
- Valet service
- Vehicle detailer
- Windshield and glass repair shop
It is important that you work with an insurance broker that understands the auto and garage industry. This is because no two businesses are alike and your coverage will vary depending on the type of business you run and the services you provide.
Whether you are a small auto repair shop or a large tire centre, Fuse insurance has expert brokers that will ensure you have tailored and complete protection for your Canadian auto body shop or garage.
Why choose Fuse Insurance?
We’re experienced in garage risks and work with the top commercial garage insurance providers across Canada. Our brokerage is 100% independently owned, meaning we can provide you with expert advice and choice from multiple insurance providers. We are a licensed insurance brokerage in BC, AB, SK, MB, NB with wholesale operations in ON and The Maritimes.
If you’re ready to get started on your quote now, use our easy online application form to speed up the process. If you need more help, send us an email with your information or give us a call at 1-866-387-FUSE (3873) for a thorough assessment of your coverage.