Side Hustles You Can Start Out of Your Home
Side Hustles You Can Start Out of Your Home Side hustles can be a good way to earn some extra income or to try out
Menu
Menu
Menu
Menu
Working as a mechanic can be rewarding, as you have the ability to tangibly help people who may not have the time or ability to repair their vehicle on their own. But with rewards come risks, and the garage environment involves unique risks and liabilities to both employees and customers. In this article you can find information regarding who should consider insurance in the automotive industry, what insurance coverages they should consider, and factors that may influence what it may cost.
Cross Insurance is an insurance agency that works with over 100 carriers, which means more options for you and our other clients. With offices located throughout the Northeast, one of our experienced insurance professionals may be closer than you think. Reaching out to our team to review coverage or request a quote is as simple as filling out our form here. If you prefer to call an office directly, you can find a list of our office locations here.
What a mechanic or other professional in the automotive repair industry may pay per year to cover the costs of insurance relies on a variety of factors. These factors may include:
To get a more accurate depiction of what you might pay, reach out to your local office to request a quote.
The automotive industry is large and diverse, encompassing a wide variety of businesses. The following are some of the mechanic related occupations that may want to consider similar insurance options.
If you have questions about whether your business may qualify for certain commercial insurance coverages or would like to explore your options, contact one of our local offices today.
While it is ultimately up to you to decide what types of insurance to purchase, the following is a non-exhaustive list of some types of policies you may want to consider as a mechanic. There are also additional types of coverage available, and our knowledgeable team would be happy to help you explore your options.
General Liability – General liability insurance can help your business with claims regarding third-party injuries and property damage caused by the negligence of you, your company or your employees in connection with your business.
Garagekeepers Liability – Garagekeepers Liability Insurance can provide an additional layer of protection for vehicles being stored on your property. For example, if a customer’s vehicle is damaged from severe weather, fire, vandalism, theft, or another covered peril while it is in your care, this coverage may be able to assist with the repair costs.
Commercial Auto – As a mechanic or another worker in the auto industry, you’ve seen firsthand that accidents are a common occurrence. If you and your employees use vehicles in connection with your business, then commercial auto insurance is an important coverage for your business to consider.
Workers’ Comp – If your business has even one employee, workers’ compensation may be legally required. Worker’s Comp can help cover medical bills for employees who are injured or become ill because of work related events. It can also help cover a portion of lost wages.
Commercial Property – Commercial property insurance can help protect your business against certain types of physical damage to your shop, garage, or other facilities, along with the tools and other contents within. The following are some of the assets commercial property can help insure:
Professional Liability – Professional liability, also known as errors and omissions insurance, can help protect your business against claims of professional negligence or errors that result in damage to a client.
Mechanics, service center specialists, auto body technicians, and more in the automotive industry should consider coverages such as general liability, commercial auto, garagekeepers liability, workers’ comp, professional liability, and commercial property and more. You should connect with a local insurance agent to discuss the unique features of your business and to request a quote today.
___________________________________________________________________
This article is for general informational purposes only and is not to be relied upon or used for any particular purpose. Cross Insurance shall not be held responsible in any way for, and specifically disclaims any liability arising out of or in any way connected to, reliance on or use of any of the information contained in this article. The information contained or referenced in this article is not intended to constitute and should not be considered legal, insurance, accounting or other professional advice, nor shall it serve as a substitute for the recipient obtaining such advice. The views expressed in this article are that of its author and do not necessarily represent the views of Cross Financial Corp. and its subsidiaries and affiliates (“Cross Insurance”) or Cross Insurance’s management or shareholders.
Side Hustles You Can Start Out of Your Home Side hustles can be a good way to earn some extra income or to try out
Insurance for Bed & Breakfasts Whether you have been running your own bed and breakfast for years or are looking to begin your journey in
