Quantcast
Jump to content


Eurozone_Motors

Garage keeper's insurance, Am I getting ripped off?

Recommended Posts

Hey everyone, Ive lurked these forums for a long time while managing other people's shops and Ive decided to finally take the plunge. I shopped for an insurance quote and was given a price of 9k per year, this sounds extremely high to me. Is this a reasonable quote for a 2 bay shop in the Los Angeles area?

Share this post


Link to post
Share on other sites


Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Similar Forum Topics

    • By [email protected]
      I have a 2 bay facility that I rent and one employee plus myself. I was quoted about $2346 per year for both general liability and garage keepers from Liberty Mutual(using CoverWallet as the broker).
      - General liability was $1,032 per year if paid in full for $1,000,000 limit and $2,000,000 aggregate
      - Garage keepers was $1320 per year if paid in full for $75,000 coverage
      Does this sound right? I am in the process of getting other quotes but wanted to see if I am in the right ballpark. This is my first time getting insurance for the business and it seems like some places don't want to insure you unless you have history.
      Shop size:
      Employees:
      Location:
      Own or rent:
      Coverage:
      Insurer:
       
      Thank you
    • By BroyotaMark
      I was just wondering the most competitive 3rd party tire warranty programs.  Let me know who you use, thanks.
    • By OOOooo
      I am owner financing the sell of my business and the new owner has 3 other shops that are smaller than mine. I have my insurance with Nationwide and they will only insure him if they get all 4 locations. Their concern is that he might shift employees around from location to location. I want him to have BOP insurance (Business Owners Policy) which covers the building and Liability. They are also going to consider this as non-owner occupied and don't like the fact that he sell used tires. The price they are giving us is almost 3 times what I was paying. My insurance agent says he can't find anyone else that will write the policy. Does anyone that sells some used tires have BOP insurance with someone other than Nationwide?
    • By Joe Marconi
      Has anyone spoken to their insurance agents in regard to health insurance. I briefly saw my insurance agent at the last Chamber of Commerce meeting and he told me he wants to meet with me way before November, when it will time to renew, to discuss all the changes in the new health laws. From what I see in New York, rates are going up and coverages will not be the same.
       
       
    • By Dusty
      http://www.pilgrimstudios.com/casting/garagerehabshop/
      NOW CASTING 
      DISCOVERY CHANNEL WANTS TO HELP YOUR
      TROUBLED AUTO OR MOTORCYCLE BUSINESS

      http://www.pilgrimstudios.com/casting/garagerehabshop/

      Do you have a commercial auto or motorcycle garage or repair shop that is troubled or failing? 

      This is your chance to have Richard Rawlings of Discovery's hit series "Fast N Loud" and his expert team come to your garage, solve your problems and upgrade your space on Discovery's brand new TV show, GARAGE REHAB!

      Maybe your tools, lifts and fans are old and broken or your space is falling apart. Maybe you have no idea how to successfully market your business. Maybe your management is bad or your staff doesn't get along. Whatever the case, Richard's team could invest their time and money to help make it a success!

      [email protected] 
      Email your Name, Phone Number, a Recent Photo of You and Your Garage
      and tell us briefly why your shop needs this show.

      http://www.pilgrimstudios.com/casting/garagerehabshop/
       

  • AutoShopOwner Sponsors



×