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General Liability / Garage Keepers Insurance Quotes... What do you pay?


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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

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That's just about what we pay here in Tampa FL. 4 bays, 2-3 employees don't know if my wife took the third employee off. seem I cant keep a tech for more than 6 months. Don't know the coverage as my wife does commercial insurance so I don't even open up the policy. We have Nationwide.

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      It always amazes me when I hear about a technician who quits one repair shop to go work at another shop for less money. I know you have heard of this too, and you’ve probably asked yourself, “Can this be true? And Why?” The answer rests within the culture of the company. More specifically, the boss, manager, or a toxic work environment literally pushed the technician out the door.
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      Shop owners: Focus more on employee retention than acquisition. This is not to say that you should not be constantly recruiting. You should. What it does means is that once you hire someone, your job isn’t over, that’s when it begins. Get to know your technicians. Build strong relationships. Have frequent one-on-ones. Engage in meaningful conversation. Find what truly motivates your technicians. You may be surprised that while money is a motivator, it’s usually not the prime motivator.
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