Let's look at some of the more typical garage insurance loopholes. Property and tools are not covered by garage liability insurance. The insured's property may be divided into three categories: residential, commercial, and industrial.
Theft, vandalism, and natural disasters like hail are not compensated for either.
The insurance coverage will not cover vehicles for servicing. Automobile damage is covered by supplemental insurance.
Workers are not included either. Consider switching to a different sort of insurance for your staff.
It's not uncommon for garage owners to need supplemental insurance. This is because of the high cost of treating an injured worker. It's easy for workers to be hurt in the course of regular business.
The structure, tools, and equipment in your garage are not protected by garage insurance. Commercial property insurance, part of a business owner's policy (BOP), protects against such losses.
Garage liability insurance often does not protect against the following frequent risks:
Garage Keeper's liability insurance protects the business in case of client car damage or theft.
Loss or damage to company cars is covered by commercial auto insurance.
In most jurisdictions, employers are obliged to have if a person gets hurt on the job, they may collect workers' comp benefits.
