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What is it?
Garage Liability Insurance covers any vehicles in your care. These vehicles can be franchised or non-franchised, and can be an automobile, truck, motorcycle, recreational vehicle, 18-wheeler and trailer. However, it does not cover customers' cars left in your business's care. Garage Liability Insurance covers claims of damage to property and personal injury of any person as long as it happens during business operations. There are two different insuring agreements with Garage Liability Insurance: Who is insured and limit of insurance.
In the case of insuring customers' vehicles, you need Garage Keepers' Insurance. They are usually sold together so you are fully protected from any kind of accident or situation. Even though they are usually sold together though, you still have to sign separate contracts.
Who needs it?
- Gas Stations
- Used Car Dealers
- Auto Repair and Body Shops
- Car Washes
- Parking and Valet Lots and Garages
- Mobile Auto Repair or Detailing Shops
- Tire Sales Dealers
- Used Motorcycle, Large Truck, and RV Sales and Service
- Pretty much any business where you keep a lot of vehicles in a small area
What determines my rates?
Generally your rates are determined by several factors, including(but not limited to):
- Type of Business or Operation
- Number of Employees and/or Employee Payroll Size
- Territory Area
- Acceptable Motor Vehicle Reports on All Drivers
- Safety of vehicles
- Condition of Holding Space
- Security Systems of Premises
- Requested Limits of Coverage
Sources:
We hope that you can see that Garage Liability Insurance is essential for safely maintaining any business that has a lot of vehicles. If you don't yet have Garage Liability Insurance and are in the Arkansasarea, contact Tberry's Insurance and make sure your business and vehicles will be safe and secure. Call (479)-968-2633 today! Tberry's Insurance is a full-line Arkansas Insurance Provider. We cover home, auto and business insurances. Visit our site to see all the insurancewe provide.
Visit our site: http://www.tberrysinsurance.com
And our blog: http://www.tberrysinsurance.blogspot.com
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