Who needs Bodyshop Insurance?
While a mobile repair technician will need some insurance covers in place, owning or managing a bodyshop repair centre means that you’re likely to have further requirements. For example, you will need insurance cover for your premises – whether owned or rented, as well as for the equipment, tools, plant and machinery that you have invested in as a business.
What is included on a Bodyshop Insurance policy?
Cover can be arranged to suit your particular requirements. That means taking out the protection that you need, at the relevant indemnity levels, ensuring the business is adequately covered, but without paying for insurance that you may not need. Its always worth speaking with an experienced advisor before you buy Bodyshop Insurance. There are a number of covers that are likely to be needed:
Employers and Public Liability Insurance for bodyshops
You will have staff working on clients vehicles, and clients visiting your premises to drop off and collect their vehicles. Where you have staff, even on a casual basis, you are legally obliged to have Employers Liability in place. Public Liability insurance offers the business protection in the event that a member of the public claims that they have suffered injury or loss as a consequence of your business activity.
Business Premises and Contents Insurance for Bodyshops.
If you own your own premises, they are likely to be one of the most valuable assets that you have as a business, so insurance cover is likely to be critical in protecting that asset. Where mortgaged or rented, having the appropriate business premises cover in place is likely to be a condition of your mortgage or rental agreement. Contents cover is designed to protect your business assets – from client waiting room furniture to computers – in the event that something goes wrong and they are lost, stolen, damaged or destroyed.
Bodyshop equipment insurance.
It’s likely that you have invested in specialist equipment in order to carry out vehicle repairs. This equipment is the lifeblood of your business – it makes sense to ensure that you have cover in place to ensure it’s speedy replacement in the event that something goes wrong.
Business Interruption cover for Bodyshops. Put simply, business interruption cover will ensure you can keep paying the bills – from staff wages to rent or mortgage, as examples, in the event that something goes wrong and your business can’t operate for a period.
Road Risk Insurance
As with any Motor Trade business, it’s likely that you and your staff will need to be able to drive customers vehicles from time to time. For example, you may offer a pick up and delivery service. Road Risk insurance allows you to do just that, and also provides protection to the clients’ vehicle while in your custody and care. Road Risk insurance also allows you you to drive your own vehicles for both business and domestic and pleasure reasons. As with other motor insurance policies, you can choose from Third Party, Third Party Fire and Theft, and Comprehensive cover. We would always advocate the Comprehensive option!