Do You Need It for Your Business?
If you own or operate a business that provides any kind of auto services, whether it’s a gas station, repair shop, parking garage, or car wash, you need to have some form of garage liability insurance. This type of insurance protects your business from potential financial losses arising from claims of bodily injury or property damage caused by your employees while they are working.
What Does Garage Liability Cover?
Garage liability insurance can cover a variety of different things, including medical expenses, legal fees, and damages to another person’s vehicle. It is important to note that this type of insurance does not cover any damage to your own property or vehicles.
Do You Need Garage Liability Insurance?
The answer to this question depends on a few factors. First, you need to check with your local laws and regulations to see if this type of insurance is required in order for your business to operate. Even if it’s not legally required, though, it’s still a good idea to have some form of coverage in place. This is because auto service businesses can be sued for a variety of reasons, and the costs of defending yourself in court can be significant.
How Much Does Garage Liability Insurance Cost?
The cost of garage liability insurance will vary depending on the size and scope of your business, as well as the location and nature of your operations. However, you can expect to pay somewhere in the range of $500 to $5,000 per year for a basic policy.
If you’re in the business of providing any kind of auto services, then you need to have garage liability insurance. This type of insurance protects your business from potential financial losses arising from claims of bodily injury or property damage caused by your employees while they are working. The cost of a policy will depend on various factors, but you can expect to pay somewhere in the range of $500 to $5,000 per year for basic coverage.