Auto Service Insurance & Maintenance

Auto Service Insurance & Maintenance Insurance Solutions with LMBF

Maintenance businesses for vehicles can exist in any shape, form and scope - from small “Mom and Pop” garages to large national tire retailers. Garage repair shops offer a vital service to businesses that utilize commercial vehicles as well as individuals and families that require regular maintenance and restoration. Without these businesses, how else would we take care of our vehicles that we use everyday? LMBF provides auto service insurance to maintenance shops and auto body stores to protect their bottom line, protecting anywhere from their physical businesses to their liability.

Auto Repair Insurance - What it Covers

Property

Large or small - individual garage or multiple business properties - your commercial properties need insurance fitted to their individual requirements. Property coverage can insure your business’ physical dwelling against perils such as burst pipes, storms, falling objects, vandalism, theft, and more.

Liability

Lawsuits can be expensive, and they’re a real risk to any business. Depending on your business and the amount of protection you require, LMBF may recommend different maximum amounts of coverage. Your liability insurance can cover legal costs, settlement fees, and more.

Interruptions

In the event that your business should experience a serious disaster which results in a forced closure, business interruption may be included with your auto service insurance to cover ongoing wages during this time. This may include bills, utility expenses, employee wages, and more.

What maintenance insurance covers

Commercial general liability (CGL)
Property insurance
Tools and equipment
Theft and vandalism

What maintenance insurance excludes

Intentional or criminal activity
Earthquakes
Flooding
Fungi and spores
Wear and tear

What is auto service insurance?

Insurance for auto body repair shops can look very different depending on the exact needs of your specific business. Policies for auto body repair shops can be acquired with the help of a broker, such as LMBF. Depending on your specific garage - large or small - your auto service insurance should be customized to match its exact needs. LMBF can help you find a uniquely tailored policy for auto service insurance whenever you need it.

Types of Auto Service Insurance Coverage Options

When it comes to auto service insurance, there is a wide number of options. Auto body repair shops need a variety of standard coverages but, in addition, the unique way that your business operates may necessitate additional coverage. Depending on your provider, the recommendations you receive may vary. It can help to understand what each of your coverage options insure so that in the event that you ever have to make a quote you will have a better understanding of what you’re covered for. See a sampling of the coverage options that may be available to you and your business listed below.

Surety Bond

Bonds
Guaranteed payment

More info

Commercial property

Physical property
Stored belongings
Contents

More info

Professional liability

Negligence
Misinformation
Omissions

More info

Commercial auto insurance

Collision
Comprehensive
Liability

More info

Business interruption

Ongoing wages
Employee payroll
Bills
Rent

More info

Commercial General Liability

Bodily injury
Bodily injury
Property damage

More info

Our Auto Repair Shop Insurance partners

Due to the hazardous nature of running a maintenance shop, it is vital that your garage get the insurance it requires to ensure a smooth transition “back to normal” following a loss. Thanks to its incredible partnerships with some of the top auto repair shop insurance providers around, LMBF is confident that the coverage you receive will provide you with greater peace of mind as well as security for your business, your employees, and for the clients whose vehicles you will be operating on. You can get started with a free auto repair shop insurance quote today.

Auto Repair Shop Insurance: Frequently Asked Questions

A: Insurance costs are highly dependent on the nature of your specific business, including factors like the size of your business, its annual projected revenue, your staff members, building age, insurance history, years of experience in the industry, and more. If you have any concerns about cost, discuss with LMBF’s insurance brokers.

A: Easy. All you need to do is either contact LMBF’s insurance brokers to discuss acquiring an auto repair shop insurance quote or apply with our form for free. Answer a few questions about your business to give us an idea of your coverage needs and limits and we will get you a quote - requiring no obligation from you.

A: It depends on your exact shop, as businesses vary, but many auto body repair shops will benefit from CGL (commercial general liability), commercial property, crime insurance, and workers’ compensation. That being said, this list is not exhaustive and the exact coverage options your shop may benefit from is highly dependent on your exact business.

A: Whether your garage repair shop is required to carry insurance or not depending on your location, it is highly recommended your business carry commercial general liability insurance in the event of on-site injuries. Garage auto liability insurance is also on the list of recommendations, as it can cover damages to a vehicle while in the care of a shop. Depending on the risks your garage repair shop faces, it should carry enough insurance to protect its bottom line from the unexpected. An LMBF broker can help with some suggestions

A: Worker’s compensation insurance offers workers and employees of your garage repair shop with benefits if an injury or unexpected illness occurs so they may get back to normal quicker. Due to the hazardous nature of working with the various equipment that garage repair shops utilize daily - not to mention the vehicles themselves, which can weigh upwards of several thousand pounds - worker’s compensation is highly recommended to protecting employees from the unexpected.

A: Exclusions will largely depend on your provider and the exact details of your policy, but know that your auto repair insurance will not cover every instance under the sun. Insurance is critical, but the list of what it covers is still finite. Your policy documents will list the exclusions of your specific insurance, but a few common exclusions will include: flooding, earthquakes, infestation, wear-and-tear, intentional and criminal acts, and anything covered by business insurance endorsments that you have opted not to include.

Maintenance Industry