A great way to be a part of the local community is by owning a business that serves the surrounding areas. A company that services vehicles will need specific coverages to avoid bankruptcy or worse. A Kentucky commercial policy can include auto repair shop insurance. 

Fortunately, a Kentucky independent insurance agent will have access to numerous carriers so that you're prepared for all the what-ifs. They'll do the shopping for free too, saving time. Connect with a local expert for custom quotes to get started.

What Is Auto Repair Shop Insurance?

Auto repair shop insurance will come in many forms and have several coverage options. From general liability to commercial property coverage, your shop will need a variety of policies. Check out some common coverage choices for auto repair shops in Kentucky below:

• General liability: Pays for lawsuits arising out of bodily injury or property damage.
• Business property: Pays for replacement or repair of business property.
• Business inventory: Pays for replacement or repair of business inventory.
• Workers' compensation: Pays for the medical expenses and lost wages of employ who is injured or becomes ill on the job.
• Business auto: Pays for a commercial auto-related accident or claim.
• Garage keepers liability: Pays for a loss involving a customer's car that is in your care, custody, or control.
• Employment practices liability: Pays for a discrimination lawsuit brought by one of your employees.

Advertising spending in the automotive repair, services, and parking industry in the US from 2018 to 2020 (in million US dollars)

If you're in the auto repair shop industry, then you're not alone. There is a serious amount of money spent on advertising in this sector, and it's essential to protect it. 

What Does Auto Repair Shop Insurance Cover In Kentucky?

Kentucky has 351,260 small businesses in existence. While each auto repair shop will come with its own risks, there are standard coverages necessary for all. Let's look at common auto repair shop coverages:

• Coverage for claims of bodily injury or property damage
• Coverage for client vehicles in your care, custody, and control
• Coverage for your business property that is damaged due to a covered loss
• Coverage for employees who are injured or become ill on the job
• Coverage for commercial vehicles used to operate the business
• Coverage for disgruntled employees that sue due to discrimination or harassment

How Much Is Auto Repair Shop Insurance in Kentucky?

Your Kentucky auto repair shop will be rated based on its individual risk factors. Exact costs can be determined when you obtain a quote through a local adviser. In the meantime, take a look at the factors carriers consider when quoting your coverage:

• Loss history
• Replacement cost values
• Experience level
• Location
• Local crime rate
• Local weather patterns

Will My Location Impact My Rates in Kentucky?

Where your auto repair shop is located in Kentucky has more to do with your insurance costs than you may think. Companies look at local crime rates, weather patterns, and flood zones when determining how much they will charge you for coverage.

Number of natural disasters worldwide in 2019, by type

Natural disasters play a role in your insurance pricing. Carriers look at past weather-related claims reported to determine premiums for all. The best way to save is by speaking with a trusted adviser. 

How an Independent Insurance Agent Can Help in Kentucky

Auto repair shop insurance can be confusing if you're not a licensed professional. With all the policies out there, it can be challenging to know what your business needs. Fortunately, you're not alone, and an adviser can help review your policies for free.

A Kentucky independent insurance agent has a network of markets that they shop your coverage through to have options. They'll do all the work and present you with the best selection of policies. Get connected with a local expert on trustedchoice.com to start saving today.