Call Us 713-681-1967 ☰ ˟
Pay Now My Policy Español
Logo
social icons social icons

Since 1999

713-681-1967
Google+ Facebook
  • Home
  • Insurance Products
    • BondsImage of right arrow
      • Bond Request Form
    • SR-22 InsuranceImage of right arrow
      • Auto Insurance Quote
    • Car InsuranceImage of right arrow
      • Auto Quote Form (short)
      • Mexican Auto Insurance
    • Motorcycle InsuranceImage of right arrow
      • Motorcycle Insurance Quote
    • Limousine
    • Trucking Insurance
    • Commercial Auto InsuranceImage of right arrow
      • Commercial Auto Insurance Quote
    • Commercial Property Insurance
    • General Liability InsuranceImage of right arrow
      • General Liability Quote Form
    • Contractors InsuranceImage of right arrow
      • Contractors Insurance Quote Form
    • Business Insurance
    • Umbrella
    • Workers CompensationImage of right arrow
      • Workers Compensation Quote
    • Home InsuranceImage of right arrow
      • Homeowners Insurance Quote
    • Renters InsuranceImage of right arrow
      • Renters Insurance Quote
    • Flood InsuranceImage of right arrow
      • Flood Quote Form
    • Health Insurance
    • Professional Liability Insurance
    • Errors & Omissions
    • Tax
  • Locations
  • Blog
  • Reviews
  • Join Our Team
  • Claims
Home > Blog > The Best Business Insurance for Auto Service Providers
WEDNESDAY, AUGUST 1, 2018

The Best Business Insurance for Auto Service Providers

 

Whether you sell trucks or have a car wash, your vehicle service needs insurance coverage. The automotive world has a lot to offer. Today’s business owners are thriving, making money and staying protected.

To stay protected, you need to make sure you have these four critical areas of protection.

Option One: Lost Revenue Coverage
Lost revenue coverage is often included in a standard business owners policy (or BOP). Some policies call this business interruption coverage. If your dealership’s vehicles sustain damage, a lost revenue coverage policy might protect you. Lost revenue coverage generally does the following:

  • Protects revenue during a closure
  • Covers fixed property expenses, like utility costs
  • Covers temporary location operating costs

 

The Insurance Information Institute considers lost revenue coverage a vital component of any business. This reinforces the need that most automotive businesses have for strong protection. Their products, being generally outside, can be easily damaged. That results in lost business hours.

Option Two: Products and Completed Operations Coverage
This type of liability insurance covers insured contractors against third-party claims. If you’ve hired towing providers, maintenance men or similar workers, you’ll need this protection.

If contractors cause injuries or property damage, this policy can usually protect you. The policy also covers liabilities arising from your business’s products and services. While a general business insurance policy might have this coverage, double-check with your provider. They'll help you get coverage.

Option Three: Equipment Breakdown Coverage
Most business insurance plans include equipment breakdown coverage. Still, it’s a good idea to ask your provider what equipment the policy will cover. Often, policies will cover any losses incurred because of electrical or mechanical breakdowns in the business. Nevertheless, some policies won't cover all equipment. Given that auto businesses often use specialty equipment, you might need tailored coverage.

Whether you sell cars, run a towing service or clean vehicles, equipment breakdown coverage can protect you from lost revenue. It can also prevent lost service hours.

Option Four: Garagekeepers Coverage
Garagekeepers coverage is an optional business insurance policy. If your auto service business has a garage, you probably need this coverage. The policy will protect you during the damage, or loss, of a customer’s automobile.

If a customer leaves their vehicle in your care, control or custody, the policy acts as a shield. This coverage protects the insured whenever they do the following inside the garage:

  • Attend vehicles
  • Repair vehicles
  • Service vehicles
  • Park vehicles
  • Store vehicles

 

In other words, accidental damage to a vehicle likely won't be your responsibility to pay for.

At the end of the day, your auto service business needs protection like any other business. If you’re getting a business insurance policy, make sure it protects your specific line of work.

       
Posted 3:25 PM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2016
  • 2015
  • 2013
  • 2012

  • auto insurance(8)
  • renters insurance(4)
  • insurance(4)
  • home insurance(4)
  • flood insurance(3)
  • auto(3)
  • mexico insurance(2)
  • homeowners insurance(2)
  • car insurance(2)
  • commercial insurance(2)
  • surety bonds(2)
  • commercial auto insurance(2)
  • commercial auto(2)
  • floodinsurance propertycoverage insurance homeowner(1)
  • bonds(1)
  • teen driver senior insurance rates(1)
  • sr-22 liability texas(1)
  • driver license penalties texas insurance(1)
  • teens(1)
  • motorist(1)
  • texas contractor general liability construction(1)
  • driver(1)
  • mexico auto insurance(1)
  • obama care(1)
  • new business insurance liability prepare texas(1)
  • autoinsurance(1)
  • general liability(1)
  • mobile home insurance discounts coverage(1)
  • contractors insurance(1)
  • commercial(1)
  • texas liability auto insurance(1)
  • college student renters insurance auto(1)
  • claims(1)
  • home insurance a-best insurance why need(1)
  • health care(1)
  • commercial imnsurance liability(1)
  • motorcycle insurance(1)
  • mexican insurance liability full coverage safe travel(1)
  • coverage(1)
  • renters insurance texas coverage(1)
  • insurance coverage(1)
  • contractor insurance(1)
  • travel insurance(1)
  • uninsured(1)
  • business insurance(1)
  • lower(1)
  • liability insurance(1)
  • small business insurance(1)
  • texas tx motorcycle insurance coverage penalties(1)

View Mobile Version
Facebook
Google+
Get Directions
Contact Us Today
Contact Us
Resources
Products
Pay Now
About Us
Customer Service
Refer A Friend
Our Carriers
Blog
Contact Us
Contact us 7731 Long Point Rd, #1
Houston, TX 77055

O: 713-681-1967
© Copyright. All rights reserved. Powered by Insurance Website Builder