Vehicles, such as cargo vans or shuttle buses, need frequent oil changes. Periodic engine lubrication ensures that commercial vehicles are at their optimum performance. It also reduces the wear and tear, reducing maintenance costs.
Protecting from potential risks and liabilities is important when operating an existing business or starting an oil change shop. That's where oil change shop insurance comes in. This can help if you work with a moving company and it files a lawsuit because your oil change service is lackluster. You can also leverage your policy to cover the store's destruction and inventory inside.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $300,000/$1,000,000 | $300,000 | $100,000 | $100,000 | $1,000,000 |
| Waiver of subrogation included? | Yes | No | Included | Can be included | No |
| Hired/non-owned auto liability coverage included? | Yes | No | No | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
| Can you get a certificate of insurance online? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Deductible | $0 | $0 | $0 | $0 | $0 |
General liability insurance covers potential accidents and incidents during business operations. It offers financial protection against third-party bodily injury, property damage, and advertising or personal injury claims. Coverage limits of this stationary and mobile oil change business insurance typically range from $1 million to $5 million.
Property damage–If you accidentally damage a customer's vehicle or other property during the oil change process, this insurance can help cover the repair or replacement costs
Advertising injuries–If your oil change shop's advertising inadvertently infringes on someone's copyright or causes reputational harm, general liability insurance can cover the resulting claims
Product liability–If a customer experiences damage or injury due to a defective product used during the oil change, general liability insurance can help cover potential liability costs
Cyber liability coverage–Protects against data breaches, cyberattacks, and resulting liabilities, especially if your shop stores customer information electronically
Business interruption coverage–Offers financial protection for lost income and ongoing expenses if your oil change shop needs to close temporarily due to a covered event, such as a fire or natural disaster
Hired and non-owned auto coverage–Provides liability coverage for accidents caused by employees using personal vehicles for business purposes
| CoverWallet | NEXT | Thimble (Best) | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $1,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $2,000,000 |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Waiver of subrogation included? | Yes | No | Yes | Can be included | No |
| HIPAA coverage included? | No | No | No | No | No |
| Sexual misconduct coverage included? | No | No | No | No | Can be included |
| License defense coverage included? | No | No | No | No | Can be included |
| Deductible | $500 | $500 | $500 | $50/$10,000 | $500 |
Professional liability insurance, or errors and omissions insurance, covers claims resulting from professional negligence or mistakes while providing oil change services. Coverage limits typically range from $500,000 to $2 million.
Faulty oil change service–Professional liability insurance can cover the resulting costs if a customer experiences engine damage or other issues due to an error made during the oil change process
Failure to meet industry standards–If your oil change shop fails to adhere to industry best practices and a customer suffers damages, this insurance can cover potential claims
While not legally required in all jurisdictions, professional liability insurance is essential for oil change shops to protect against claims arising from errors, negligence, or professional mistakes. It helps safeguard your business's reputation and financial stability.
Media liability insurance covers claims related to defamation, libel, slander, copyright infringement, or other media-related risks. It is especially relevant if your oil change shop engages in advertising, marketing, or social media activities. Coverage limits typically range from $1 million to $5 million.
Defamation claims–If your oil change shop is accused of making false statements that harm someone's reputation, media liability insurance can cover legal defense costs and potential damages
Copyright infringement–If your shop inadvertently uses copyrighted materials without proper authorization in advertising or marketing campaigns, this insurance can help cover resulting claims
Social media liability–If your shop's social media posts or comments lead to reputational harm, privacy violations, or other legal issues, media liability insurance can provide coverage
Crisis management coverage–Provides coverage for public relations and crisis management expenses in a media-related incident or reputational crisis
Social media errors and omissions coverage–Protects against claims arising from mistakes, errors, or omissions made in your shop's social media postings or interactions
While the level of engagement may vary, any form of media presence, including advertising or social media activities, carries potential risks. Media liability insurance provides essential coverage for unforeseen liabilities arising from media-related incidents, regardless of the extent of engagement.
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| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $260,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Contents coverage limit (minimum) | $50,000 | $22,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Excluded |
| Accounts receivable | Excluded | Excluded | $5,000/10,000 | Included | Excluded |
| Money and securities | Excluded | $2,500 | $1,000 | Included | Excluded |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Excluded |
| Business interruption floater | Excluded | Included | Included | Included | Excluded |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Excluded |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Included | Excluded |
Commercial property insurance protects the physical assets of your oil change shop, including the building, equipment, tools, and inventory, against risks such as fire, theft, vandalism, and natural disasters. Coverage limits vary based on the value of your property and assets.
Fire damage–If a fire breaks out in your oil change shop, damaging or destroying your property and equipment, commercial property insurance can help cover the repair or replacement costs
Natural disasters–In a natural disaster like a storm, earthquake, or flood, commercial property insurance can help cover the costs of repairing or rebuilding your shop
Equipment breakdown coverage–Offers coverage for the repair or replacement costs of essential equipment used in your oil change shop in case of a mechanical or electrical breakdown
Business income coverage–Provides coverage for lost income and ongoing expenses if your oil change shop cannot operate due to a covered event, helping to mitigate the financial impact during the downtime
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $260,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Contents coverage limit (minimum) | $50,000 | $22,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Excluded |
| Accounts receivable | Excluded | Excluded | $5,000/10,000 | Included | Excluded |
| Money and securities | Excluded | $2,500 | $1,000 | Included | Excluded |
A business owner’s policy (BOP) is a comprehensive package combining general liability and commercial property insurance into a single policy, offering broad coverage for oil change shops. The coverage limits for a BOP can vary depending on the specific needs of your business.
If your oil change shop experiences property damage or loss due to fire, theft, vandalism, or other covered events, a BOP can help cover the repair or replacement costs
In the event of bodily injury or property damage claims from customers or third parties, a BOP provides coverage for medical expenses, legal defense costs, and potential settlements
If your oil change shop faces claims of advertising or personal injury, such as libel, slander, or copyright infringement, a BOP can offer coverage for associated legal costs
Employment practices liability insurance (EPLI)–Protects against claims related to wrongful termination, discrimination, harassment, or other employment-related issues
Data breach coverage–Provides coverage for the costs associated with a data breach, including notification expenses, credit monitoring, and potential legal liabilities
Business owners' policies can often be customized to suit the unique needs of your oil change shop. You can add or modify coverages based on your business's risks, ensuring adequate protection.
Commercial auto insurance covers vehicles used in your oil change business, including service vans, mobile units, or any vehicles used to transport equipment or employees. The limits are typically defined as a split liability limit, such as $100,000/$300,000/$50,000. This means the policy covers up to $100,000 per person injured in an accident, $300,000 for all injured persons, and $50,000 for property damage.
Accidents and collisions–If your business vehicle is involved in an accident or collision, commercial auto insurance can cover the cost of vehicle repairs or replacement and medical expenses for injuries
Bodily injury claims–If someone is injured in an accident involving your business vehicle, commercial auto insurance can provide coverage for medical expenses, legal defense costs, and potential settlements
Uninsured or underinsured motorists–Commercial auto insurance can also offer protection against accidents caused by uninsured or underinsured drivers
Roadside assistance coverage–Provides towing, lockout assistance, and fuel delivery for your business vehicles
Rental reimbursement–Covers renting a replacement vehicle if your business vehicle is temporarily out of service due to a covered event
The insurance can cover a range of vehicles used in your oil change shop's operations. This may include service vans, mobile oil change trucks, delivery vehicles, and other vehicles primarily used for business purposes. Discussing your vehicle type and usage with the oil change shop insurance provider is important to ensure appropriate coverage.
This insurance is essential for oil change shops with employees. It covers medical expenses, lost wages, and rehabilitation costs if an employee is injured or ill while performing job-related duties. Coverage limits and requirements vary by state.
Workplace injuries–If an employee slips, falls, or suffers any other type of injury while working at your oil change shop, workers' compensation insurance can cover their medical expenses and provide wage replacement during their recovery
Occupational illnesses–If an employee develops an illness or disease due to exposure to hazardous chemicals, fumes, or other workplace conditions, workers' compensation insurance can cover medical expenses and provide disability benefits
Lost wages and disability–If an employee cannot work due to a work-related injury or illness, workers' compensation insurance can provide partial wage replacement or disability benefits to help mitigate the financial impact
Return-to-work program–Provides assistance and resources to facilitate the return of injured employees to work, including job modifications, rehabilitation, and vocational training if necessary
Employee assistance program–Offers counseling and support services for employees dealing with work-related stress, mental health issues, or substance abuse problems
Excess liability insurance provides an extra layer of coverage beyond the limits of your primary liability policies, such as general liability, professional liability, or commercial auto insurance. It helps protect your oil change shop from substantial claims and lawsuits exceeding your underlying policies' coverage limits.
Coverage limits for excess liability insurance can start at $1 million and go up to $10 million or more, depending on your business's needs.
Catastrophic accidents–If your oil change shop is involved in a severe accident resulting in significant property damage, injuries, or multiple affected parties, excess liability insurance can provide coverage for the costs that exceed the limits of your primary policies
Large-scale lawsuits–In the event of a lawsuit against your business that results in substantial damages, excess liability insurance can cover the additional costs beyond the coverage provided by your underlying policies
Higher liability risks–If your oil change shop faces increased liability risks due to the nature of your services or other factors, excess liability insurance can provide additional peace of mind and financial protection
Employer's liability coverage–Extends liability coverage for claims arising from employee-related incidents, such as work-related injuries or discrimination lawsuits
Product liability coverage–Offers coverage for liabilities arising from defects or malfunctions in the products or parts used in your oil change shop
| Cost per Month | Cost per Year | Deductible | |
|---|---|---|---|
| General liability insurance | $31 | $372 | $0-$500 |
| Professional liability insurance | $42 | $504 | $1,000-$2,000 |
| Commercial property insurance | $49 | $588 | $1,000-$2,000 |
| Business owner’s policy | $75 | $900 | $1,500 |
| Commercial auto insurance | $53 | $636 | $500-$1,000 |
| Workers compensation insurance | $97 | $1,164 | $2,000-$5,000 |
The average oil change shop insurance cost is $31 per month or $372 per year for a $1 million general liability policy. Factors that affect premiums are claims history, business history, policy limits, deductibles, and number of employees. Here’s a table showing the cost of a $1 million general liability insurance from the best companies:
Size and revenue of your shop–The larger your oil change shop and its revenue, the higher the insurance premiums will likely be. Insurance providers often consider the size of your business and its financial stability when assessing risk
Location–The location of your oil change shop can impact insurance costs. Crime rates, natural disaster risks, and local insurance market conditions can influence premiums. For example, if your shop is in an area prone to theft or vandalism, it may result in higher insurance costs
Coverage limits–The coverage limits you choose for your oil change shop insurance policies will affect the cost. Higher coverage limits provide increased protection but typically come with higher premiums. It's important to assess your business's needs and balance coverage and affordability
In connection, here’s a table showing the cost of a $1 million general liability insurance from the best oil change shop insurance companies:
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Here are the best change oil change shop insurance companies. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability policy:
Best overall
Issues an online proof of insurance instantly
Fastest general liability insurance
Great customer service and reputation
Excellent rates
Outstanding value for money
Get a 10% discount if you buy two or more policies
Couldn’t find any
NEXT is a relatively new insurance company that was founded in 2015 to provide specialized insurance solutions for businesses in various industries. The company recognized the specific needs of oil change shops and developed tailored coverage options to address their unique risks.
Best for: Best overall; Fastest general liability insurance for oil change shops
Average cost: $25 per month
Our rating: 10/10
Wide range of insurance products is offered, allowing businesses to consolidate their coverage needs
User-friendly online platform for managing policies, making changes, and accessing documents
Real-time quoting system for quick and convenient insurance comparisons
Some users have reported occasional challenges with customer service and policy management
CoverWallet was founded in 2015 to revolutionize the insurance industry by leveraging technology to simplify the insurance process for small businesses. This company is not a carrier but an insurance broker. It works with The Hartford, Progressive, Chubb, and other reputable insurance companies to deliver the policies you need.
Best for: Comparing oil change shop insurance quotes online
Average cost: $27 per month
Our rating: 10/10
Extensive experience and specialization in commercial insurance for small businesses.
Customizable coverage options to meet the unique needs of oil change shops.
Claims handling expertise to ensure efficient resolution of issues.
The cost of insurance with Hartford can be higher than other providers.
The Hartford has a long and storied history that dates back to 1810. Originally established as a fire insurance company, Hartford has since evolved into a leading provider of insurance and financial services.
Best for: Customized coverage and industry expertise
Average cost: $29 per month
Our rating: 10/10
Tailored insurance policies specifically designed for oil change shops
Transparent pricing and average cost information are available for easy comparison
Dedicated customer service team with industry knowledge to address specific concerns
Tivly's on-demand coverage may only suit some business structures or long-term insurance needs
Tivly is a relatively new entrant in the insurance market, having been founded in 2009. The company was established to provide specialized insurance coverage for small businesses, with a particular focus on automotive-related industries such as oil change shops. Call now to compare quotes over the phone.
Best for: Comparing oil change shop insurance quotes over the phone
Average cost: $30 per month
Our rating: 9/10
On-demand insurance coverage allows oil change shops to obtain coverage only when needed
Flexibility in policy duration, with options ranging from hourly to monthly
Affordable pricing, particularly for short-term coverage needs
Thimble's short-term coverage may not suit businesses requiring long-term or ongoing insurance solutions
Thimble was founded in 2016 to transform the insurance industry by offering flexible, on-demand coverage. The company recognized that many small businesses, including oil change shops, may not require traditional long-term policies and instead need coverage for specific periods or projects.
Best for: Flexible and short-term coverage
Average cost: $34 per month
Our rating: 9/10
Comprehensive coverage options to protect against a wide range of risks
Strong financial stability and reputable claims handling
Online quote and policy management tools for convenience and efficienc.
Some customers have reported challenges with the claims process and occasional discrepancies in policy details
Hiscox has a rich history that spans over a century. The company was founded in 1901 and has since become a leading specialist insurer, serving small businesses globally. You can purchase general liability, commercial property, BOP, and workers compensation insurance from this company. Other policies are available but might be offered through partners.
Best for: Specialized coverage and customization options
Average cost: $36 per month
Our rating: 9/10
1 / 5
Use anyone except Employers. Period. They are non-transparent and shameful. After I complained long enough to warrant a call from a supervisor, the supervisor called back from a PRIVATE NUMBER (no caller ID), left a message that they are not reversing their decision (without any communication with me), and failed to leave a phone number for me to call back. She was hiding! They also fact find via email and phone calls, which is terrific for speed and communication. However, after setting a precedence of email or phone calls, they send time sensitive information via email, without any heads up... they are hoping you miss it and forfeit via expiration. Evil policies. Go elsewhere.
1 / 5
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
1 / 5
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
5 / 5
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
5 / 5
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!
Not all those who wander are lost.
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