6 Essential Types of Business Insurance for Auto Repair Shops

Auto repair shops face a variety of risks every day, including equipment breakdowns and accidents. Keeping your business running in the face of the unexpected starts with ensuring that you have adequate insurance protection with a trusted agency. 

Comprehensive business insurance includes a variety of policies. Understanding each one and its role in protecting your business helps you find the coverage you need.

Essential Coverages for Auto Repair Shops

Protecting your auto repair shop starts with understanding the 6 essential policy types that you need.

1. General Liability Insurance

General liability is the foundation of your shop’s protection. It covers costs for bodily injury, property damage, and personal injury claims that arise on your premises or as a result of your business.

2. Commercial Property Insurance

The assets your shop owns, such as the tools, the building, the equipment, and the inventory, need protection. Commercial property insurance covers all of those assets against losses such as fire, vandalism, and theft. These policies help you recover quickly after a loss so you can get back to business.

3. Garagekeepers Insurance

Garagekeepers insurance is specialty coverage for auto repair shops. These policies protect you from liability when a customer’s car is in your custody or control. Whether the car suffers damage during repairs or due to theft or vandalism, garagekeepers insurance protects your shop from financial liability.

4. Workers’ Compensation

The demanding physical labor involved in auto repair work puts your staff at risk of injuries. Workers’ compensation coverage protects them from lost wages as a result of those injuries and shields your shop from possible legal disputes.

5. Commercial Auto Insurance

Auto shops that own their own vehicle fleet need commercial insurance to cover the cost of accidents, injuries, or property damage from those vehicles.

6. Business Interruption Insurance

When a disaster or unforeseen circumstance requires you to close the business temporarily, interruption insurance offsets your lost revenue for that period. You can meet financial obligations while you work toward reopening.

Specialty Coverages to Consider

In addition to these essential business insurance policies, you might want umbrella insurance to extend your shop’s liability coverage limits. Equipment breakdown insurance can help you offset the costs of equipment repairs or replacement to minimize downtime after a malfunction. And, in this technology-driven society, cyber liability insurance could protect your shop against data breaches or cyberattack losses.

Benefits of Working With an Insurance Agency

Partnering with an experienced agency, such as Byrnes Agency, gives you the benefit of personalized service with a commitment to customer service. We have years of experience that allow us to tailor policies to the unique risks that auto shop owners face. The client testimonials on our site reflect that commitment to service and comprehensive coverage.

Proper business insurance coverage is essential for auto repair shops. The right policies protect your shop from unforeseen financial setbacks so you can focus your efforts on your customers. With the help of an agency such as Byrnes Agency, your shop can get the protection you need for peace of mind. Make insurance a priority to ensure the longevity of your shop.

About Byrnes Agency 

At Byrnes Agency, we offer insurance solutions that can be tailored to meet your specific needs. Whether you’re looking for personal policies or commercial coverage, we have the right coverage for you. To learn more about our products, contact us today at one of our two locations.

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