What Is Body Shop Insurance And What Does It Cover?
For anyone running a Body Shop business, having the right insurance cover in place is vital, no matter whether you work full-time or part-time, from your garage at home or from designated business premises. The right policy can cover you to drive customer vehicles as well as your buildings and contents, tools, machinery and spraying equipment too. Additional cover is available for other items, so make sure you’re fully covered.
Body Shop Insurance Explained
A Motor Trade insurance policy for body shop owners can come in various types and levels of cover; for body shop owners working from home, a Road Risk policy may be suitable to cover you to drive customer vehicles, while owners of shops operating from fixed business premises might choose a Motor Trade Combined policy to cover their buildings and contents as well.
There are three levels of cover available; Third Party Only, Third Party, Fire & Theft and Comprehensive. If you take out Third Party Only cover and you are involved in an accident while driving or moving a customer’s vehicle, then your insurer will only cover the costs for damage or injury to the third party and their property. Similarly, Third Party Fire & Theft cover will protect you against any third party claims made against you, with the addition of fire damage to or theft of your own vehicles. Thirdly, Comprehensive cover will also protect you against damage to your own vehicles too.
For businesses with employees, even if you only have 1 employee, then it is a legal requirement for you to have Employers’ Liability cover in place in case there are any injuries, illness or even deaths caused by negligence in the workplace.
To protect any members of the public in case they are injured whilst on your premises, then you will need to take out Public Liability insurance; to cover you in case faulty or defective products which you may fit cause an accident or subsequent damage, then Product Liability insurance will enable you to sue the product supplier.
A Motor Trade Combined policy can cover all of the above, as well as additional elements including the premises itself and any tools, equipment and machinery within it, business interruption risks, plus general stock and any money kept on site.
So what could a Body Shop insurance policy cover?
- Third Party Only
- Third Party, Fire & Theft
- Comprehensive Cover
- Motor Trade Combined Risks
- Cover For Employers Liability
- Cover For Public Liability
- Cover For Product Liability
How To Get A Quote?
Want to find out more, speak to an expert or get a Body Shop insurance quote? Call our specialist team on 0800 221 8077 or click Get a Quote below to find out how much you could save.