Why Choose Us
Troubleshooting a car can be difficult enough, without having to troubleshoot your insurance needs. We can help you make the right choices so you can get back to doing what you do best.
The Basics of Garage Auto Insurance
Commercial General Liability (CGL) - This is the part of your policy that pays for those slips and falls that happen on the premise. It also covers your completed work, such as a brake failing causing damage to the car. It is important to know that it does not pay to repair or replace faulty work - ONLY the resulting damage.
Auto Policy - Garages are a bit different than most businesses in that you are taking responsibility for the cars of others. This coverage can provide liability for if you cause damage to someone or someone's property as well as damage to the customer's car that you are driving. You can also include coverage for if a customer's car is stolen while it is parked on your premise. It also can be extended to cover dealer plates that you use during the course of your business.
Building - Is insured under a Broad policy or a Named Perils policy depending on the use, age, updates and where it is located. A Broad form policy offers much better coverage and should be purchased in most situations.
Contents - This will include all the improvements you have made to the building as well as all your furniture, office supplies, car parts etc. Depending on your policy it may or may not include coverage for your tools and equipment.
Equipment - This would include things such as your hoist, welder, drill press, lathe, press, compressor etc. It does not include your hand tools like your hammers, wrenches, impact guns etc. This might be able to be included with your contents, depending on the company.
Tools - Mechanic's tools can be very expensive, especially if you buy brand's such as Snap On. This coverage includes all your handheld tools such as your wrenches, hammers, socket sets, specialty tools etc. It is important to let us know if you will be using any of your tools or equipment away from your building.
By - laws - Unless your building is brand new by-law coverage should be included in your policy. It covers the increased cost to rebuild due to a local by-law. This could be things such as the city requires your bathroom to be wheelchair accessible before issuing a building permit even though the bathroom itself was not damaged.
Equipment Breakdown - What happens when your furnace suddenly breaks down in the middle of winter? Equipment breakdown coverage protects your equipment in the building against sudden and accidental break downs. It does not cover items broken due to wear and tear.
Sewer/Septic Backup - The septic overflowing into any building is not overly fun to deal with, and can be quite costly.
Flood - Floods seem to be happening more each year - it is a good idea to protect your building against floods that could cause massive damage to your building.
Earthquake - Although Ontario does not have a high occurrence of earthquakes, the coverage is usually very affordable and when earthquakes strike, they tend to demolish the entire building.
By no means is this an exhaustive list - every Auto Shop is unique. Please give our office a call 905-623-4406 and let us help you get the coverage you need.