Automotive Excellence SUMMER 2025_01_09-22-2025_DIGITAL - Flipbook - Page 11
Ideally, this should be provided on
an Actual Loss Sustained basis for
12 months. You will want to make
sure that your policy covers employee wages for the entirety of
that 12 months, as some policies
limit this to just 60 days. If you are
not able to pay your employees,
you could lose them and replacing them could be very difficult.
Your policy should also provide
coverage for General and Garage
Liability, to cover any 3rd party
claims resulting from your negligence. This would typically include coverage for:
• Bodily Injury
• Property Damage
• Premises/Operations
(slips, falls, etc.)
• Products/Completed
• Operations Liability
(injury resulting from
services provided)
• Personal Injury
(slander, libel, etc.)
• Contractual Liability
Your policy should also include Garagekeepers coverage. This provides
coverage for physical damage to customers’ cars that are in your
care, custody, or control. Garagekeepers coverage can be written in
3 different ways:
Legal Liability - Coverage is provided when you become legally
liable for damage as a result of your negligence. (For example: You
collide with a parked car while test driving a customer’s auto.)
Direct Excess - Coverage is provided if you are legally liable for
damage. Coverage is provided even if you are not legally liable,
and when the customer has no collectible insurance or carries
coverage with a substantial deductible.
Direct Primary - Coverage is provided regardless of your
negligence or legal liability. (For example: Your customer’s auto is
vandalized while locked in your fenced, lighted lot.)
When purchasing Umbrella coverage, you will first and foremost want
to make sure you purchase adequate limits. This will vary depending
on the size and scope of your operation. You will also want to be sure
to obtain the Umbrella coverage from the same carrier that is insuring
your other liability exposures to ensure consistency and concurrency.
This is a good starting point as you evaluate your decision as to where
and from whom to purchase your business insurance. Intrepid Direct
Insurance is always happy to provide a complimentary review of your
current coverages to confirm you have everything that you need.
intrepiddirect.com/excellence | 877.249.7181 | sales@intrepiddirect.com
Intrepid Direct Insurance operates as Intrepid Direct Insurance Agency, LLC.
CA License #0K95913
• Employee Benefits Liability
(errors/omissions related
to your Employee Benefits
program)
• Mechanic’s Errors &
Omissions
• Employment Practices
Liability (Wrongful
Termination, Discrimination,
Sexual Harassment, etc.)
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