The major mistake that garage owners make when deciding on insurance is when they base their decision solely on price.
We get it! Premium costs are a major factor, but knowing what you are getting for that premium can literally make or break you and your business in the event of a loss.
Different garagekeepers policies cover different things.
Legal Liability - this is typically the least expensive garage package available. It comes in to play if a customer's vehicle is damaged but the customer must prove that you are legally liable in order to recover damages from your insurance. This is not typically a good choice as it doesn't end well for your relationship with your customer.
Direct Excess - this is much better than legal liability because there aren't any stipulations that require your customer to prove your negligence. This coverage is only applicable AFTER the client files a claim with their own personal auto insurance carrier. If their policy doesn't cover all of the damages, then the garagekeepers policy would apply.
Direct Primary - This is by far the best coverage available to you, mostly because in the event that a customer's vehicle is damaged while in your possession, it removes the burden of proof from your customer. Thereby helping to retain a strong customer relationship. Basically, you, as the garage owner, are taking responsibility for any claims and you are not putting any additional burdens on your customer's to file a claim with their own insurance company. Direct primary is definitely a win-win situation.
Of the three coverages described, direct primary is the best coverage for you to obtain.
Contact us today to learn how we can help with your business insurance needs.