Having an auto repair shop is hard work, and there are a lot of expenses that you have to face. So, on top of managing the day-to-day of the shop, you’ve got to worry about the money side of things. Keeping on top of the finances is sort of important. With that in mind, you might wonder how much auto repair shop insurance costs. But the problem is that it’s not an easy question to answer. Here’s why.
As the owner of an auto repair shop, it’s really important to have the right coverage to protect your business. One of the insurance coverages that’s really important is garagekeepers insurance. Now, you might be wondering how garagekeepers coverage can protect your shop. We’ll explain how garagekeepers insurance works and tell you six things you need to know about it.
If you’ve got an auto shop (whether that’s a mechanic’s shop, brake repair shop, a collision repair shop, a transmission shop, and so on) you have a lot of employees working on your team. They’re racing around the shop, trying to keep up with the cars coming and going for repair and get all the cars fixed. But what happens if one of your employees gets hurt on the job? There’s a coverage that’s important for any auto shop to consider, and that’s workers’ compensation. We’ll explain what workers’ comp is, but first we’ll outline some of the workers’ comp risks auto shops face.