fbpx

2024 Updated Guide to California Garage and Dealers’ Insurance

10 April 2024

Operating a garage or dealership in California comes with its own set of risks and liabilities. To safeguard your business against unforeseen circumstances, having the right insurance coverage in place is crucial.

What is California Garage and Dealers’ Insurance?

California Garage and Dealers’ Insurance is a specialized insurance coverage designed specifically for businesses involved in automotive-related operations. It provides protection against various risks and liabilities associated with running a garage or dealership, ensuring financial security and peace of mind for business owners.

Who needs California Garage and Dealers’ Insurance?

If you own or operate any of the following businesses in California, it is highly recommended to have California Garage and Dealers’ Insurance:

Auto Repair Shops: Whether you specialize in mechanical repairs, bodywork, or both, this insurance safeguards your business against potential claims arising from property damage, theft, or bodily injury.

Car Dealerships: Whether you sell new or used vehicles, having this insurance is essential to protect your inventory, premises, and liability exposures that may arise during test drives or other customer interactions.

Tire Shops: If your business involves selling and fitting tires, California Garage and Dealers’ Insurance can protect you from liability claims related to accidents caused by faulty installations or defective products.

How does California Garage and Dealers’ Insurance work?

California Garage and Dealers’ Insurance is typically tailored to the specific needs of each business, but it generally includes the following key coverages:

Garage Liability Insurance: Provides coverage for bodily injury, property damage, or personal injury arising from garage operations, such as customer accidents, faulty repairs, or negligence claims.

Garage Keepers Insurance: Covers damages to customers’ vehicles while they are in your care, custody, or control. This includes protection against theft, fire, vandalism, or other covered perils.

Property Insurance: Protects your physical assets, including the building, equipment, tools, and inventory, against risks such as fire, theft, or natural disasters.

Commercial Auto Insurance: Covers your business-owned vehicles and drivers against accidents, property damage, and bodily injury.

Workers’ Compensation Insurance: Provides coverage for medical expenses and lost wages if your employees are injured on the job.

How much does California Garage and Dealers’ Insurance cost?

The cost of California Garage and Dealers’ Insurance can vary depending on several factors, including the size of your business, the nature of your operations, your claims history, your location, and the coverage limits and deductibles you choose. It is best to consult an experienced insurance agent who can assess your specific needs and provide accurate quotes from different insurance carriers.

The recommended minimum liability coverage is:

  • $15,000 for injury/death to one person
  • $30,000 for injury/death to multiple people
  • $5,000 for property damage

Safeguarding your automotive business and personal vehicles through insurance is crucial to shield against unforeseen incidents and potential liabilities. With our tailored insurance solutions, including comprehensive car insurance options, you can have peace of mind knowing that your business and assets are safeguarded. To discuss your specific insurance needs or get a quote, reach out to Inszone Insurance today.

 

Change Contrast
Change Font Size
Reset to Default Settings
Close the Toolbar