Garage Business Insurance
We have your garage covered
At Prosperity Insurance Partners, LLC, located right here in St. Petersburg, FL, serving all of Florida. We understand the unique risks and challenges that garage businesses face every day. Whether you run an auto repair shop, body shop, tire service center, or a full-service dealership, protecting your livelihood with the right insurance coverage is essential. We're committed to providing tailored insurance solutions that safeguard your business from potential financial losses, allowing you to focus on what you do best – serving your customers.
Key Insurance Coverages for Your Garage Business
Navigating the world of commercial insurance can be complex. That's why we're here to help you understand the critical coverages your garage business needs:
Garage Liability Insurance: This crucial coverage protects your business from liability claims arising from your garage operations. This can include bodily injury or property damage to third parties that occurs at your premises or is a result of your work. For example, if a customer slips and falls in your waiting area or if damage occurs to a vehicle during a test drive, garage liability insurance can help cover the resulting medical expenses, legal fees, and settlement costs.
Garagekeepers Liability Insurance: This specialized coverage is vital for any business that takes possession of customers' vehicles for service, repair, storage, or parking. Garagekeepers liability protects you against damage to these vehicles caused by covered perils such as fire, theft, vandalism, or even certain weather events while they are in your care, custody, or control. This coverage provides peace of mind for both you and your customers.
Commercial Property Insurance: Your garage building, tools, equipment, and inventory are significant investments. Commercial property insurance helps protect these assets from physical damage due to covered events like fire, windstorms, hail, and theft. This coverage can help you repair or replace damaged property, allowing you to get back to business quickly.
Business Auto Insurance: If your garage business owns or uses vehicles for operations (e.g., service vehicles, tow trucks, courtesy cars), a dedicated business auto insurance policy is necessary. This provides coverage for accidents, liability, and physical damage to your company-owned vehicles. Personal auto policies typically exclude business use.
Workers' Compensation Insurance: If you have employees, Florida law likely requires you to carry workers' compensation insurance. This coverage provides benefits to your employees who suffer work-related injuries or illnesses, helping to cover their medical expenses and lost wages. It also helps protect your business from potential lawsuits related to workplace injuries.
(Optional) Dealers Open Lot Insurance (for Dealerships): If your garage business includes the sale of vehicles, dealers open lot insurance provides coverage for the vehicles on your lot, protecting against damage from perils like weather, theft, or vandalism.
(Optional) Errors and Omissions Insurance (Professional Liability): If your garage provides professional advice or services that could lead to financial loss for a customer due to an error or omission, this coverage can provide protection.