Insurance for Auto Repair Shops

Insurance for Auto Repair Shops – Overview

Perhaps no other business is more visible to the community than an auto dealer. Your business requires a large physical space. Employees at your dealership may deal with hundreds of customer a month. Many dealers have been working in their communities for generations.

Managing an auto dealership can be very challenging. Consider some of the issues you face, and how insurance can help you manage your business.

First, you need a large inventory of cars and trucks to meet the demands and preferences of your customers. Your inventory requires a large dollar investment. Floor plan insurance can provide coverage for any vehicle losses due to collision, theft, vandalism or weather. Your lender may require floor plan insurance as part of your loan agreement.

You may have hundreds of potential car buyers on your lot each month. Many of those people will test drive cars. In addition, you experience turnover in your car inventory. As clients buy cars, you order and receive shipments of new vehicles. All of this results in a great deal of activity at your location.

With all of the traffic around your dealership, an accident of injury may sometimes happen. A garage liability policy can protect you from an injury or property damage related to your dealership. Your state’s Department of Motor Vehicles require this type of coverage for each dealership.

Allow us to assist with these types of auto-related businesses:

Auto parts distributors
Collision repair shops
Detailers
Glass repair
Mechanics
Mobile auto repair pros
Tire shops
Valet Companies

Considering Auto Repairs

Many customers use their auto dealer’s repair shop for car maintenance. Other clients may use an independent repair shop. In either case, the shop owner has insurance needs.

The shop owner can purchase garage keeper’s insurance. This policy can protect the business in the case of injury or property damage that may occur at the shop. Like an auto dealership, the repair shop has many cars going in and out of the business in any given month.

A repair shop also houses a large amount of equipment and machinery. Many shops have their doors open during the workday, so that cars can be moved in and out for repair. This practice exposes the equipment and machines to possible theft, and also to weather conditions. A business property policy can protect these assets against damage or theft.

Consider hiring an insurance professional to help you address these insurance concerns. Fusco & Orsini can apply their insurance experience to your auto dealership or repair shop. They can design a set of insurance solutions to address all of your needs.