Auto Body Shop Insurance
As a Body Shop owner, you have a lot of operational items to focus on to stay on schedule with repairs. In addition to staffing, parts availability, equipment, and receivables, there’s constant pressure to keep customers happy and insurance partners informed. Between estimating jobs, managing workflow, and fielding unexpected delays, it’s easy for insurance coverage to slip to the bottom of the list. But do you really have the time to worry about whether you have enough garagekeeper’s liability to cover the daily changing value of the customer vehicles at your shop?
Some days you may have a handful of compact cars on site, and other days your lot could be filled with high-value vehicles or commercial trucks. When that happens, you could easily exceed the limits of your existing policy without even realizing it. You may have told yourself that the customer’s insurance company would pay for the damage to their car if it got damaged while it was at your shop. The customer’s insurance company may cover the damage, but the insurance company will have its subrogation department contact you for reimbursement. When this happens, will you have enough money set aside in a savings account to pay for this yourself or would a single claim threaten your business’s financial stability?
Finding the right limit for your customers’ vehicles may seem like a complete guessing game, but it doesn’t have to be. A tailored garagekeeper’s policy can remove the uncertainty and protect your business against sudden losses that could otherwise set you back years. Our office can provide an affordable solution that gives you unlimited coverage for your customers’ vehicles, so you don’t need to worry about getting caught short when a fire, theft, or storm causes damage to every vehicle on your lot. We’ll help you review your current policy, explain your options in plain language, and make sure your coverage grows along with your business.
For more information on correcting your garagekeeper’s liability problem, contact us for a free commercial insurance quote or call us at 845-342-4888 to speak with an agent who understands the unique risks of auto repair and body shop operations.