Auto and Truck businesses of all kinds are collectively
referred to as "Garage" risks in insurance jargon.. This
includes repair & service garages, body shops, rental companies,
smog test stations, gas stations, storage lots, parking lots, valet
parking services, new and used vehicle dealers, generally any business
with vehicle services & activities as its principal concern.
This "Garage" insurance category usually includes passenger
cars, trucks, motorcycles, trailers and RV's.
Garage insurance is usually written as a combined
form of general liability and auto liability insurance. It is something
of a specialty line, and some conventional insurance carriers do
not offer it. While standard forms are made available by the industry
forms provider, there is considerable variation among insurers in
the policies offered. Part of this owes to the wide variation in
exposures & risk posed by the many different types of operations.
Specialized Garage Insurance coverages are available to address
|1. Garage Liability Insurance
||(Injury or damage while driving owned or customer
vehicles; Loaner Vehicles)
||(Liability & Damage to customer vehicles while
|3. Medical Payments
||(Courtesy medical payments to injured parties)
|4. Customer Vehicle Damage
||(Fire, Theft, Collision & other damage while
in your custody)
|5. Products/Completed Oper.
||(Damage or injury caused by your work or product.)
|6. Comm. General Liability
||(Premises Liability, Personal Injury Liability,
Fire Legal Liability, etc.)
|7. Dealer's Inventory
||(Fire, theft, collision etc to vehicles in the
There is an important distinction between two similar
terms underwriters use. "Garage Liability" is generally
used to mean liability for injury or damage, while "Gargekeepers'
Legal Liability" generally refers only to fire, theft or other
damage to customer vehicles while in your custody, for which you
are responsible. There are also varying degrees of insurance available
for customer vehicles, some policies paying on a "primary"
basis, others secondary or excess to any other available insurance.
The liability insurance rating basis for your premium
is usually payroll or employee count, with different rates applying,
mostly based who drives customer or assigned vehicles regularly,
vs those who don't..