Does an Auto Repair Shop Need to Be Insured
Why Insurance Is Important for an Auto Shop

Operating an auto repair shop today presents numerous lucrative opportunities; thanks to the improvement in the economy, more people are buying pre-owned and brand-new vehicles. While this can be a rewarding venture, running such a business does come with its fair share of risks, and if an auto shop does not have the proper insurance coverage, it could face trouble down the line.


Importance of Insurance for an Auto Shop


Whether the auto repair services are geared towards custom cars, heavy-duty trucks, minivans, or any other type of vehicle, it will cater to multiple customers on a daily basis. From repairing a flat tire to wheel alignment, and repairing engines, mechanics and other employees will be engaged in activities that could pose a risk to themselves, to customers on the premises, and to the vehicles they are repairing.


In cases of a mishap or accident that results in damage to the vehicle, a client, or an employee, the auto shop must have adequate coverage to ensure that the business does not suffer any losses due to liability from unforeseen circumstances. In addition to providing protection, having the right insurance will help to safeguard the assets of the auto repair shop from claims, property damage, and unexpected financial losses.


Other types of business risks that an auto shop can get coverage for include:

  • Faulty parts or workmanship
  • Employee crime or theft
  • Slips and falls
  • Business interruption
  • Vandalism
  • Business Property Insurance: This policy protects an auto repair shop from theft, vandalism, fire outbreaks, and other events that cause damage to property.
  • Commercial General Liability Insurance: It is the most basic insurance and safeguards a business against lawsuits that are related to property damage, personal injury, etc.
  • Employee Theft and Crime Insurance: This protects against losses sustained due to fraudulent acts, dishonesty, and theft by employees.

For information about our auto repair shop, call A & B Auto Tech LLC today at this number (941) 251-6139; we are based in the Bradenton, FL area.