Garage keepers Legal Liability Insurance
Having someone else property in your possession or custody held you responsible for all the damages from the likely risks. We understand that your job is unique and requires special protection for your garage operations. At NITIC, you get the right garage keepers insurance at the most affordable price. We offer bespoke insurance coverages that give you peace of mind every day.
What is garage keepers insurance?
Garagekeeper legal liability insurance protects your business against all the damages from the potential risks to the customer’s vehicle under your custody. This is important coverage for businesses providing automotive or towing services.
If you carry garagekeepers legal liability insurance, you get protected from legal liability when your customer vehicle gets damaged under your care while repairing, servicing, employee negligence, towing etc.
What businesses need garagekeepers legal liability insurance?
Garagekeepers insurance is important legal liability coverage for both small and big businesses. This policy provides safety against various types of financial disasters. This coverage is ideal for:
- Towing companies
- Body shops
- Service stations
- Car washes
- Auto dealers
- Repair shops
- Parking lots
- Restaurants and hotels with valet services
What type of protection do you get from garagekeeper legal liability insurance?
The garage keepers insurance provides three types of protection to a business that deals every day with vehicles.
- Legal liability: The most important and expensive protection that you get from garagekeeper insurance is against legal liability. This policy protects the owner of the garage against loss or damages resulting from the negligence of the staff. For instance, when any of your mechanics impair the vehicle while repairing it this coverage will pay it off.
- Direct primary: This type of coverage protects your customer’s property if it gets stolen or damaged due to extreme weather conditions. No matter who is at fault, this policy will pay out for the expenses that are incurred after the incident.
- Direct access: This policy covers the gap in direct primary coverage. Direct access coverage protects you from all those likely risks that your existing policy doesn’t offer.
Garagekeepers liability vs. garage liability, which one do you need?
Both these terms are used interchangeably but differ from each other.
Garagekeeper liability is designed for those vehicles which you possess but don’t own. Like the vehicles of your customer that you have kept in your care. This coverage protects you against all the damages from possible risks to your customer’s vehicle while servicing, repairing, or till the time you retain it. This policy is critical for auto-related businesses to protect their daily operations.
Garage liability provides financial security against accidents leading to damages or bodily injuries during garage operations. For example, while driving your own vehicle you hit a customer’s property. This coverage covers you against such risks or the damage done to another vehicle (not the one you cause the accident with). It is a standard coverage that is requisite for vehicle service providers.
What properties are not covered in garagekeepers legal liability insurance?
- Radar detectors
- Uninstalled stereo equipment
- CDs and DVDs
- Items in the trunk
- Phones, scanners, radios, etc.
What coverages are included in garage keepers insurance?
- Comprehensive: This policy covers you against all the risks that are capable of damaging your customer’s vehicle under your custody except colliding with other objects, or in the event of overturn.
- Specific causes of loss: This coverage is comparatively cheaper than the comprehensive one. It protects you against the damages caused by explosions, theft, fire, vandalism, or mischief.
- Collision: This coverage fills the gap present in comprehensive policy as it protects you against damages to a customer’s vehicle by colliding with other objects or overturning.
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TESTIMONIALS
FAQs
- Location of business.
- Types of vehicles you service or keep in your care.
- Limit of coverage you choose.
- The number of vehicles you deal with each day.
- Medical expenditure
- Repair expenses
- Bodily injury
- Property damage
- Theft of personal items inside the customer’s vehicle.
- Damages to already faulty parts of the vehicle.
- Equipment that is not permanently installed in the vehicle, such as a car stereo.
- Bodily injury or property damage to the third party.
- Theft by employees.
