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. For you to find out the proper auto repair shop insurance for your company, there are various coverage options that you should identify that have to be incorporated into the policy.
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.
Among the issues that collision repair shops are usually sued for are faulty work, slipping and falling of customers while they are in the work area, peeling paint, original factor parts are not used, and workers compensation claims.
Another coverage of an auto repair shop insurance to look into is the property coverage which could vary depending on where the business is located. If your company for example owns the structure where your business is operating, the coverage is very important for the protection of your area and to avoid any incidents that cannot be anticipated. But if you are renting the location where you are conducting your business, it is basic to have knowledge of the property coverage that is shown by the owner of the building, because by finding out exactly what are covered in the policy, you have the guide as to the weakness and have a unique policy fit for your kind of 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. Having these protection policies will not only give protection to your works in the event that some accidents will happen, but will also present your business as high appealing to clients who are of high standards.
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.