Reasons Why You Should Consider Acquiring Insurance Cover For Your Auto Body Shop And Collision Repair Shop
The main intention for entrepreneurs including those who venture into an auto body and collision repair shop is to create lots of income. It is possible to become so excited about your auto body and collision repair shop flourishing that you become blinded from planning for risks that may weigh down heavily on your business. Since your auto body and collision repair shop will be operating in the actual world, it will be wise for you to expect and plan for risks that may occur in your business. Failing to use factory original parts, faulty work, customers getting into accidents while in the garage area, peeling paint and workers compensation claims are some of the common risks that suck money out of the auto body and collision repair shops. Knowing that you have an auto body shop or collision repair shop insurance cover can go a long way in helping you maintain your sanity in case a risk happens and legal action is taken against your business. In case you are wondering how you can benefit from an auto body and collision repair shop insurance; you may want to read on.
In case of the happening of risks like a fire that causes damage to your property your auto body and collision repair shop insurer will compensate you for the damages caused. This, however, does not mean that you handle flammables in your shop carelessly. It is, for instance, wise to have only licensed and insured electricians handle electrical work in your shop.
An auto body and collision repair shop insurance cover also takes care of all garage keepers’ exposures to risk. Every time a customer leaves you with their vehicle to work on, you should always know that they expect you to hand it over to them in the right condition when they come back for it. You should, therefore, take all necessary precautions to avoid any mistakes that will cost you unnecessarily. You may minimize the garage keeper’s exposure to risk by, for instance, proper identification before handing back car keys to the owner, ensuring employees double-check cars prior to working on them to avoid making wrong adjustments to your clients’ cars, and etcetera.
The workers’ compensation exposures are also taken care of by the auto body and collision repair shop insurance. Workers in auto body and collision repair shops are faced with lots of risks. It is your responsibility as the owner of the auto body and collision repair shop to make the premises safer for your workers. Some of the things that you can do to minimize workers’ compensation exposures include providing safety equipment for them to wear while at work and so on.