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If your business has a garage, then you should have garage insurance coverage. Just like auto repair shops, and car wash businesses, you’ll find this insurance very useful.
Your garage may be covered under your existing business/property insurance policy, depending on how it’s underwritten by your carrier. In this article, we’re going to feature garage liability insurance coverage for small businesses.
Various policies ,the average garage liability insurance cost and the best garage insurance companies
It is a specialty coverage carriers underwrite for businesses in the automotive industry. Visitors and clients might get hurt or have their belongings broken due to an accident happening within your garage’s premises.
It’s also possible for you or an employee to inflict damages while providing a service. Garage liability insurance protects you from this exposure by covering:
Understand that garage liability insurance only caters to property damage claims and personal injury claims. And so, it’s smart for you to get other types of liability insurance coverage.
Many other types of liability coverage are available for your business’s garage but the most common is a general liability insurance policy.
The role of general liability insurance is to protect you in the event that a third party files a personal injury claim or property damage claim. But general liability insurance is more comprehensive.
Of course, different types of garages will need to purchase different types of auto garage insurance coverage and may require different insurance policy aggregate limits.
Employees working in your business’s garage might be negligent and commit mistakes while providing a service. A client who sustains losses because of this can file a claim against your business.
Professional liability will provide compensation and cover legal expenses if your business is sued for:
If you own an auto detailing garage, mechanic shop, or even an auto dealership, definitely you have some tools and equipment in your garage.
Unfortunately, this can often be an easy target for thieves. Thankfully, your Equipment and tools insurance will recoup losses or provide immediate replacements if the tools in your garage become damaged or lost due to theft, usage, fire, vandalism, and other covered perils.
Consider covering your business’s garage with commercial property insurance. If something happens to the garage, commercial property insurance sees to it that you don’t sustain significant financial losses. Commercial property insurance shields you against:
The commercial property insurance for your business’s garage comes with equipment and tools coverage. This will recoup losses if the equipment and tools become damaged or lost due to fire, theft, vandalism, and other covered perils while in the premises of the garage.
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Employees working in your business’s garage must be covered by workers’ compensation insurance.
The coverage of workers’ compensation insurance takes effect when at least one employee sustains a work-related injury or disease. Workers’ compensation insurance helps pay for the following:
Workers’ compensation insurance is required as soon as one or more employees are working in your business’s garage.
This insurance covers part-time employees, full-time employees, and contractors. Failure to get workers’ compensation insurance is subject to stiff fines and penalties.
Operations in the garage might get halted by unexpected events. As a result, your business will lose a significant amount of income. And even though income isn’t generated, you have to cover operational costs. This is why it’s smart for you to get business interruption insurance.
This garage business insurance will cover employee wages, loans, taxes, and other expenses while your business isn’t generating revenue. Coverage applies for 30 days but you can extend the duration to 360 days through an endorsement.
If you run an at-home garage workshop, you’ll still need to make sure the area where you store and work on vehicles is insured.
The price of your premiums for garage workshop insurance will typically vary, depending on the neighborhood you live in, how many cars your garage holds, and if you’ve installed any safety measures .
Garage dealers insurance is a type of insurance policy designed for car dealers that have an onsite garage. Car dealers often have a garage where they keep nicer cars at night, work on their customers’ cars, or perform warranty repairs and servicing.
Garage insurance for car dealers protects this. It’s important to make sure that your garage space is insured – especially if you’re keeping clients’ cars.
By now, you’re probably wondering how much garage insurance cost. Well, assuming that you go with a general liability insurance policy for your garage, you’ll pay around $113 per month or $1,356 per year in premiums for a $1,000,000/$2,000,000 general liability coverage.
providers take a range of different factors into account when deciding on the rate they’ll charge you, including:
The average dealer garage insurance cost is $155 per month or $1,860 per year for a $1 million general liability coverage included in a garage insurance policy.
Smaller dealers may pay closer to $1,000 per year, while larger dealers may pay closer to $2,300 per year. It all depends on your specific business and its risks.Get Q
Best Garage Liability Insurance Companies
CoverWallet sells the garage liability insurance of its partners. This insurance company allows you to pay premiums online. You also get a certificate of insurance for free, and manage your policy via the CoverWallet app.
Average Cost: $1,268.4 per year.
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If you need used car dealer liability insurance or you need to insure your small mechanic’s garage, Progressive is an excellent choice. They’ve received positive customer service ratings.
Claims are generally handled quickly and efficiently, and insurance payouts are typically more than fair.
Average Cost: $1,463 per year.
Whether you need a small or large garage insurance policy, State Farm has you covered.They specialize in providing affordable small business insurance across the central U.S.
With offices and agencies in almost every major city, it’s incredibly easy to get in touch with a representative about a claim.
Average Cost: $1,324 per year.
If you need commercial garage insurance, then Geico is more than happy to provide you with a comprehensive policy at an affordable rate.
You’ll also be able to save big by bundling your Geico garage insurance policy with other Geico policies that you may have, such as home and auto.
Average Cost: $1,295 per year.
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
9.4 / 10
Fastest ever online insurance quote and purchase! Also, great rates and professional customer reps that helps with whatever you need, if you need. Nice company!
2.8 / 10
Embroker sells a product that it doesn't honor. We purchased a combination D&O and EPLI policy. However, when it came to renewal, it told us that we only had D&O coverage even through our ACCORD certificate clearly mentions we have both. Basically they refused to honor the EPLI coverage and will leave you hanging with the bag. At time of renewal, they more than doubled our quote to get similar coverage. Basically BAIT & SWITCH. Unacceptable tactics. Easy to buy and pay but you may not be... Read More
2.8 / 10
Great platform. Terrible policy. There is no teeth behind it. No coverage. It's a fake policy that they sell. Sold us an EPLI policy that later we came to find out had no EPLI coverage. Amazing that they can get away with outright fraud. Check the positive reviews. They are all 'Anonymous' posted by Emroker staff. Stay away and find a real policy that will actually provide you coverage. We've been bitten by them and hope to find restitution via a lawsuit.
Paul Burns Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
It has been 70 days since I made a claim on the roof of my building. No one from the company will return calls. We are in hurricane season and located in Louisiana. My building is tarped to secure it.
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
They are the worst, my truck was hit in January 23 and the claim adjuster has not been out to this very day! They have every excuse in the book as to why. They have not been to the collision shop. PLEASE AVOID THESE SCAM ARTIST!
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Avoid these SCAM ARTISTS! They don’t pay claims!!! Save yourself the trouble and money!
Kasey Arey Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
This company gives you a price that was in place for a year and when you have to use it there is fine print were they can go back and charge you more. Would not recommend them to any one. Crooks
John Murphy Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Worst insurance comapny I have ever dealt with. A commercial vehicle represented by GUARD t boned my wife and daughters family vehicle in the middle of the day. Driver was cited and insurance claim insued. Fast forward 4 months and refusal of full amount of claim is still happening. Driver was found guilty, repairs started on my vehicle and when it comes to the final bill and diminished value we cannot get any help. I am out a family car, have an injured and traumatized wife and children,... Read More
Harshadray Patel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Extremely bad service, when you call , will make you wait on the phone for ever (over an Hour) and still no one to answer , so you end up hanging up. To cancel the policy, bounce you from one department to the other. They are supposed to refund from the date other insurance started and after sending the proof of other insurance policy, still they did not refund based on that actual date instead they use the date i managed to get hold of them. They charged me $7000.00 for a year's insurance on... Read More
Aaron Wensel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Guard Insurance is terrible. They were so bad I cancelled them because them couldn't figure out why I would never get a paper copy of the bill . Verified my address with them and still intermittent billing. I cancelled them in March through my local broker. Today 6/27 I get a letter in the mail from a collections company saying I owe 87.97. This was the first myself or my broker heard of owing this money. Here is some advice for this failure of a company send me a god damn bill and I will pay.... Read More
Michael Swink Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
My employer had to have workers compensation by law. He obtained a policy through this Berkshire Hathaway GUARD and they failed me. I fell from a ladder and fractured my spine in 7 different places, my clavicle in 4 places, and the base of my skull. Going to my Dr visits I was prescribed medication for pain and the insurance company placed a pre-authorization hold on me picking up the medication from Walgreens. The hold lasted 5 days! My weekly benefits have never been on time, right now... Read More
10 / 10
Liberty Mutual is one of the more simple companies to deal with. I had to file a claim for my business owner policy after I caught one of my employees stealing a large amount of products from my business. Liberty mutual paid the claim fast and with no efforts. I wish the legal process was as easy…
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
9.4 / 10
Very pleased with Hiscox - their small business insurance rates are very good and they specialize in small business which gives me a peace of mind as a small business owner. So far so good!
10 / 10
Their customer service is absolutely fantastic. Very patient, knowledgable and provided excellent explanation of the purchased policy. I would highly recommend this insurance company to anyone that's looking to protect their business from unexpected expense. Thank you Hiscox for doing a great job for my business!
0.6 / 10
STAY AWAY! I wouldn't recommend hiscox small business liability insurance to anyone. Better not waste both your money and your time. Hiscox customer service is extremely unpleasant, not organized and not professional. It is the worst company we have dealt with in almost 25 years in business!
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Extremely fast and simple. Wasted a lot of time and money until I found these guys! I feel like my business is in good hands now.
10 / 10
Hiscox's the best! My business is insured with them for over 12 years and am not planning to switch!
10 / 10
Excellent experience with Hiscox BOP for my coffee shop. They provided all it needed.
10 / 10
My HI barbershop is well covered with their great BOP product for 5 years already! not planning to switch!
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
10 / 10
Great experience
6 / 10
Didn't relate to the concept much, but it makes sense if you need insurance to go
0 / 10
It doesn't really feel sustainable to me and doesn't offer business interruption, product liability and commercial property insurance. They have no local agents and despite their technology first approach you cannot file claims online. Additionally, product manufacturers are not covered by Thimble and they don't provide enterprise solutions.
10 / 10
As a contractor that works 3 times a week for a few hours, Thimble gets really handy for me and saves me money. I have no use for these massive business insurance coverages offered by traditional insurance companies.
10 / 10
Excellent concept which is useful to many small businesses!
10 / 10
Been waiting for this type of solution for a long time!
10 / 10
Love their business insurance solutions for freelancers! Great app!
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