The availability of information online to consumers increases every day. The average American can learn anything from how to replace windshield wipers to how to replace a transmission in their vehicle just by looking at Youtube.
Though they may want to do automotive repairs on their own, finding the information to repair a vehicle is the easy part. Many repairs require special tools and equipment, as well as comfortable work space to perform repairs.
Whether your automotive repair service station is 100% DIY or a combination of standard service and self-service auto repair, allowing the general public to work in your facility requires insurance coverage that protects both them and your business. Here is what you need to think about.
Premises Liability Insurance
While waivers should be required for any renter using your facility and tools, waivers are no guarantee that you won’t be sued in the event of an accident on your premises. General liability insurance for your premises is the most basic, yet most important coverage you should purchase for your business.
This policy will protect your business in the event of something as simple as a slip-and-fall and as complex as a lift malfunctioning and injuring a patron.
Tools & Equipment
The lifeblood of automotive repair businesses is your tools and equipment. They are also the main reason why do-it-your-selfers come to your business: they don’t have certain tools or equipment in their homes.
Insurance for tools and equipment will cover whether the tools are broken or stolen. It may also offer coverage for lost income while you wait for certain items to be repaired or replaced.
Most DIY garages offer help and advice by trained staff. Staff offering expert services should be covered under a professional liability insurance policy in the event of errors and omissions by that staff during the course of advice given to patrons.
Should a renter need to leave their vehicle overnight due to lengthy repairs, the vehicle then becomes the responsibility of the automotive repair facility. Just as in standard repair shops, coverage is required for customer’s vehicles left in your care, custody, and control any time the patron is not on site.
Other Coverage To Consider
The above is not a comprehensive list of all coverage your automotive repair business may need. Hayes Brokers recommends coverage for the following:
- Building coverage
- Business Personal Property (beyond tools and equipment)
- Flood insurance
- Cyber liability insurance
- Crime coverage
- Auto coverage for loaner vehicles (if provided)
The best way to begin to protect your business is to contact Hayes for a free, no-obligation risk management analysis. DIY automotive repair insurance may require special considerations, so contact our office to set up your appointment today.