Who Needs Garage Insurance?
Garage insurance is designed for businesses that regularly work with, store, transport, sell, or service vehicles owned by customers or the business.
Businesses that commonly need this type of coverage include:
- Auto repair shops
- Body shops and collision centers
- Auto dealerships
- Towing companies
- Tire and alignment shops
- Oil change and quick-service centers
- Vehicle detailing businesses
- Parking and valet operations
- Service stations
- Other automotive service businesses
The right coverage depends on how vehicles move through your operation, whether customer vehicles are kept overnight, whether employees drive them, and whether your business owns tow trucks, service vehicles, or other autos.
A dealership, repair shop, and towing company may all need garage insurance, but the policy structure, limits, and endorsements can vary significantly between them.
What Does Garage Insurance Cover?
Garage insurance can combine several types of coverage to address the risks automotive businesses face. The exact structure depends on the operation, but common coverages may include:
- Garage Liability: Helps protect against certain bodily injury and property damage claims arising from garage operations.
- Garagekeepers Coverage: Can protect customer vehicles while they are in your care, custody, or control, such as while being repaired, serviced, parked, or stored.
- Commercial Auto Coverage: May cover business-owned vehicles such as tow trucks, service vehicles, dealer vehicles, or other autos used in the operation.
- Commercial Property Coverage: Helps protect buildings, equipment, tools, inventory, office contents, and other business property from covered losses.
- Business Income Coverage: May help replace lost income and certain continuing expenses if operations are interrupted by a covered property loss.
- Equipment and Tools Coverage: Can help protect specialized automotive equipment, diagnostic tools, lifts, and other property used in the business.
Garage insurance programs can vary significantly by insurer, so limits, deductibles, exclusions, and endorsements should be matched closely to the way the business actually operates.
Business Insurance Coverages
NeedGarage Insurance?
Related Business Insurance Coverages
Most businesses face risks that require more than one type of insurance coverage. The right combination depends on your employees, property, vehicles, contracts, services, and industry.
- Workers’ Compensation: Helps cover work-related employee injuries and illnesses and may be required depending on your state and business.
- Commercial Auto Insurance: Covers vehicles used for business operations and liability arising from covered auto accidents.
- Commercial Property Insurance: Helps protect buildings, equipment, inventory, and other business property from covered losses.
- Professional Liability Insurance: Protects against certain claims involving professional mistakes, negligence, advice, or services.
- Pollution Liability Insurance: Provides coverage for certain pollution and environmental exposures that general liability policies may exclude.
- Cyber Liability Insurance: Helps address costs and liability associated with data breaches, cyberattacks, and other covered cyber incidents.
- Employment Practices Liability Insurance: Helps protect businesses against certain employment-related claims such as discrimination, harassment, or wrongful termination.
- Commercial Umbrella Insurance: Can provide additional liability limits above certain underlying business insurance policies.
ConXis Insurance Services can review these coverages together to help identify gaps, overlapping protection, and the limits your business or contracts may require.
