If you run a body shop business, it is essential to make sure that you have the right kind of insurance cover. It doesn’t matter if you work full time or just one day a week; either way, you need to make sure you have the right policy. This is because the policy will allow you to drive your customers’ vehicles, and it will also protect your tools, spraying equipment and machinery. This can help to cover you against any damages, and it means that you won’t illegally be driving someone else’s car.
What is body shop insurance?
The majority of people find insurance confusing, but body shop insurance is actually pretty simple. It is normally referred to as motor trade insurance, and this allows you to alter cars in either a professional garage or your own garage.
However, it is important to be aware of the differences between different types of motor insurance. As there are a few different motor insurance policies, it can be useful to speak to a motor insurance specialist if you are confused. This is because you will require some policies to carry out your business legally, so it is essential to make sure you have the right policies in place!
The different types of insurance
According to insurance specialists https://www.quotemetoday.co.uk/motor-trade-insurance, there are three main types of motor trade insurance; Third Party Only, Fire and Theft and Comprehensive.
Third Party Only cover will only cover the costs if you damage a third party’s car or property, so this is very basic cover. Third Party Fire and Theft cover will also protect your vehicle against theft and fire damage. Finally, Comprehensive cover will protect your own vehicle as well. This is the most valuable form of cover.
If your body shop business has employees, you will also need Employers’ Liability cover. This is a legal requirement, even if you only have one employee working for you.
You should also take out Public Liability cover to protect any customers in case they are injured in your workplace. This can be very useful, and it shows you care about the welfare of your customers. It is also a legal requirement, so you should definitely make sure you have this in place before you allow any customers inside your garage.