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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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  • Have you checked out Joe's Latest Blog?

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      I am going to borrow a quote from billionaire, Warren Buffet, “The best investment you can make is in yourself,” This statement, while simplistic, speaks volumes. A shop owner is much more than a boss, a shop owner is a leader. And leaders are solely responsible for the success of their team. This means that you must work hard and commit to a life of continuous learning and improvement. It also means that if the team fails, a leader must always blame himself or herself for that failure and find ways to improve.
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      While Warren Buffet is best known for making billions of dollars with his investment strategies, I want to believe that this quote has its basis in something that money cannot buy.
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