{"id":30,"date":"2015-04-23T16:39:16","date_gmt":"2015-04-23T16:39:16","guid":{"rendered":"http:\/\/www.insuringky.com\/single-post\/2015\/04\/23\/Garage-Liability-Coverage"},"modified":"2024-04-16T16:14:15","modified_gmt":"2024-04-16T22:14:15","slug":"garage-liability-coverage","status":"publish","type":"post","link":"https:\/\/www.insuringky.com\/blog\/garage-liability-coverage\/","title":{"rendered":"Garage Liability Coverage"},"content":{"rendered":"

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Garage Liability Insurance<\/span><\/h1>\n

The coverage,<\/span> it’s in the detailing<\/h2>\n
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What is Commercial General Liability<\/span><\/div>\n<\/div>\n

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Regardless of the business, you\u2019re in, it is likely, that you will need general liability coverage. Commercial General Liability (CGL) protects your business against claims made by third parties. <\/span><\/div>\n<\/div>\n
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At times justifying insurance can be a challenge. Customers are not buying a commodity or a product. Many will classify insurance as a service. But the truth is, insurance is not a commodity, product or service. The insurance transaction is very much one-sided. The insurance company gets your money. As a result of the transaction, the consumer gets nothing more than a promise.<\/span><\/div>\n<\/div>\n
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When you buy the insurance you are actually buying a promise. You exchange an insurance premium, for a promise of indemnification. <\/span><\/div>\n<\/div>\n
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Liability insurance cost; the cost of staying in business<\/span><\/h4>\n
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The value proposition for liability insurance <\/a><\/span>is driven<\/span><\/span> in large part on <\/span>MAGNITUDE<\/span><\/span>! Today seven-figure liability claims are not unheard of. <\/span>Magnitude<\/span><\/span> is the reason that your Commercial General Liability policy is essential. It should be a major component of your risk management plan. <\/span><\/div>\n<\/div>\n
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CGL Insurance provides very broad coverages, but it comes with many exclusions. Automobiles; auto liability <\/span>is covered<\/span><\/span> under the Commercial Auto Policy. Also Professional Liability insurance, which comes under various names. E&O, D&O and Medical Malpractice are few. There are other professions that need liability policies. Policies <\/span>specifically<\/span><\/span> designed for the unique exposures that they face. <\/span><\/div>\n<\/div>\n
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Professions that work with customers vehicles have specific liability \"Isinsurance needs. <\/span> Mechanics, auto body repair shops, and other’s need what <\/span><\/span>is known<\/span><\/span> as Garage Liability Insurance<\/span><\/span>.<\/span><\/div>\n<\/div>\n
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Vehicles not owned by the insured are not covered by either the CGL or the Commercial Auto Policy. <\/span> The Garage Liability Policy fills this gap, providing the insured with coverage for incidents that occur on the premises<\/span><\/span>. On-premises is key. It is important to remember that this coverage <\/span>does not<\/span> extend beyond the place of business.<\/span><\/div>\n<\/div>\n
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Garage Liability is often confused with Garagekeepers and vice versa<\/span><\/h4>\n

Earlier we noted that Garage Liability covered on-site incidents. Does your business take customer vehicles on test drives? Do you drive customer vehicles to other locations? How about pick-up and delivery of customer vehicles? If your businesses drive customer vehicle off premises, you need a Garagekeepers policy. For more information on Garagekeepers Coverage forms see:<\/span><\/p>\n<\/div>\n

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TruePoint\u2019s on target review of Garagekeepers Coverage.<\/span><\/div>\n<\/div>\n
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Garagekeepers or Garage Liability,\u00a0 <\/span>as clear as spent motor oil\"Garage<\/span><\/h4>\n

Business Liability insurance can get confusing. That’s why it is important for business owners to do some work on their end. It’s wise to invest some time on the front-end finding a good agent. Working with an independent agent increases your chance of success.<\/p>\n

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Working with an independent agent is even more important for businesses. The group combines to write <\/span>nearly<\/span><\/span> 85% of the insurance written in the US. 85% of the market makes it difficult for anyone other than an independent to agree their case. Garage Liability insurance coverage.<\/span><\/div>\n<\/div>\n
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Identifying the right independent agent might be a little tough. Don’t be afraid to quiz them. Use your understanding of General Liability, Garagekeepers, and Garage Liability coverages. Put prospective agents to the test by asking them to suggest coverages. <\/span><\/div>\n<\/div>\n
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The finish line is in sight. Choose the right path for you and your business to secure the necessary coverage. <\/span><\/div>\n<\/div>\n
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Don\u2019t feel bad if you\u2019re still feeling a little confused. Many in the insurance industry have trouble with this topic. Who needs Garage Liability? <\/span><\/div>\n<\/div>\n
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Garage Liability……working at your garage<\/span><\/h4>\n
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\"GarageGarage liability covers your customer vehicles. This coverage will not cover you if the vehicle leaves your place of business. Damage that occurs offsite will not <\/span>be covered<\/span><\/span>. Drive, tow or levitate the car to another location. It doesn’t matter, damages will not <\/span>be covered<\/span><\/span>. It is not uncommon to see Garage Liability policies with Garagekeepers. <\/span><\/div>\n<\/div>\n
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Garagekeepers……k<\/span>eep the Garage Liability,<\/span> you will likely need it too<\/span><\/h4>\n

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Garagekeepers coverage<\/a> picks up some essential coverage not included with the Garage policy. Collision<\/a> is the primary addition, protecting the garage for off premises accidents. It also adds a few other exposures that would include, fire, theft, vandalism. Garage liability is seldom used without an associated garage policy. <\/span><\/div>\n<\/div>\n
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Who needs Garagekeepers? And who needs both… <\/span><\/h6>\n

CAN YOU HAVE BOTH?<\/span><\/h4>\n
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Yes, you can have both. And it’s not uncommon.\u00a0<\/span> If your business falls into one of the following classes it is <\/span><\/span>highly<\/span><\/span> likely that you should have one if not both of the Garage coverages:<\/span><\/span><\/div>\n<\/div>\n
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Gas Stations<\/span><\/div>\n<\/div>\n
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Auto Mechanics<\/span><\/div>\n<\/div>\n
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Auto Dealerships<\/span><\/div>\n<\/div>\n
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Car Wash<\/span><\/div>\n<\/div>\n
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Farm Equipment Dealers<\/span><\/div>\n<\/div>\n
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Auto Body Shops<\/span><\/div>\n<\/div>\n
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Parking Lots<\/span><\/div>\n<\/div>\n
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Valet Parking<\/span><\/div>\n<\/div>\n
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Mobile Auto Service<\/span><\/div>\n<\/div>\n
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Tire Dealers<\/span><\/div>\n<\/div>\n
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Driveway Contractors<\/span><\/div>\n<\/div>\n
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Towing<\/span><\/div>\n<\/div>\n
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ATV Sales & Service<\/span><\/div>\n<\/div>\n
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\u2026\u2026.and many more auto-related industries<\/span><\/div>\n<\/div>\n
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TruePoint Insurance, LLC<\/span><\/div>\n<\/div>\n
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\"buy<\/a>
Click to learn more
or call (912) 330-1265<\/figcaption><\/figure>\n<\/div>\n<\/div>\n
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1000 Pine Barren Rd<\/span><\/div>\n
Pooler, Georgia<\/span><\/div>\n<\/div>\n
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(912) 330-1265<\/span><\/div>\n<\/div>\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 Garage Liability Insurance The coverage, it’s in the detailing \u00a0 What is Commercial General Liability Regardless of the business, you\u2019re in, it is likely, that you will need general liability coverage. Commercial General Liability (CGL) protects your business against claims made by third parties. At times justifying insurance can be a challenge. Customers are […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46,18],"tags":[1005,1006,894,1012,1007,1016,1008,1015,1009,1017,1018,1011,193,1013,1014,1010],"class_list":["post-30","post","type-post","status-publish","format-standard","hentry","category-auto-dealers","category-commercial-insurance","tag-auto-dealer-insurance","tag-car-dealer-insurance","tag-cgl","tag-cgl-insurance","tag-garage-insurance","tag-garage-liability-coverage","tag-garage-liability-insurance","tag-garage-liability-insurance-coverage","tag-garagekeepers","tag-garagekeepers-insuranace","tag-garagekeepers-liability","tag-general-liability-insurance","tag-liability-insurance","tag-liability-insurance-cost","tag-professional-liability-insurance","tag-what-is-commercial-liability-insurance"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts\/30","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/comments?post=30"}],"version-history":[{"count":7,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts\/30\/revisions"}],"predecessor-version":[{"id":2025,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts\/30\/revisions\/2025"}],"wp:attachment":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/media?parent=30"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/categories?post=30"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/tags?post=30"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}