Do Mechanic Shops Need Commercial Insurance?

When it comes to owning your own mechanic shop, there are several tips you need to follow to help ensure your company is as successful as possible. From having the right insurance coverage to marketing your shop in the right manner, following these tips will help boost your success as well as protect you from certain expenses. For now, let’s take a quick look at whether or not your mechanic shop can benefit from investing in commercial insurance. 

What does commercial insurance cover?

There are many different types of commercial insurance for you to invest in. It is recommended that you speak with a qualified insurance agent to determine the exact needs fo your mechanic shop. This type of insurance specialist can assess your exact needs as well as help you customize an insurance policy that meets all of these needs. For example, you may find that you need garage liability insurance. With this type of insurance policy, you are protected when claims or lawsuits are made against your garage that relates to someone being injured on your property; this can apply to clients in your garage or the employees. 

Business Interruption Insurance

Another type of insurance that will be vital to the success of your company is business interruption insurance. With this type of coverage, you can rest assured that if something happens to interrupt your business, that you will still be able to stay afloat. Take for example a fire destroys part of your garage and you are closed for four weeks while repairs are being made. Business interruption insurance will help pay for wages and income that are lost. 

To learn more about commercial insurance for your mechanic shop, please contact StateChoice serving the West Hartford, CT area.