If you are wondering, “Is Houston, TX insurance needed for mechanic shop?” then we at Texas Insurance Agency are happy to answer that question. The answer is, “Yes!”
Indeed, it is easy to answer whether or not mechanic shops need insurance. However, “What kind of insurance does a mechanic shop need?” is an entirely different question. This is a much more difficult question to answer because it will depend on your mechanic shop’s location, clientele, and the level of risk you are willing to undertake.
Luckily, you do not need to worry by yourself about what insurance policies to get! Our Texas Insurance Agency staff are skilled insurance experts, and they are able to create a comprehensive insurance plan tailored to your mechanic shop’s needs.
We are an independent insurance agency. This means that we work for you, not any company. It is our duty to provide our clients with the best service and coverage at the best prices possible. We are committed to our clients and prioritize helping their businesses thrive.
Why is Houston, TX Insurance Needed for Mechanic Shop?
No one knows when an accident will happen, and mechanic shops are no exception. Accidents can still happen no matter how well you run your business or how experienced your staff is. That’s why it’s essential to have insurance for your mechanic shop.
Insurance can help cover the costs of any damages that occur as a result of an accident. It can also help protect your business if someone sues you after an accident. Without insurance, you could be on the hook for thousands of dollars in damages.
Additionally, if your employee becomes injured in the shop, insurance can help pay for their hospital bills and missed wages. Sometimes, serious injuries happen in even the safest of mechanic shops. Insurance will ensure they won’t ruin your business.
So, if you own a mechanic shop, make sure you’re properly insured. It could save you a lot of money in the long run.
Types of Insurance for Mechanic Shops
There are many types of business insurance on the market. It can easily get overwhelming to try to figure out which Houston, TX insurance needed for mechanic shop. But thankfully, Texas Insurance Agency will help cut to the chase and recommend only the most relevant and important insurance policies for your mechanic shop.
Here are some of the insurance policies we generally recommend for all small businesses, including mechanic shops. Keep in mind this list is non-exhaustive. However, it should be a good starting point to keep in mind when talking with one of our agents.
General Liability Insurance
General liability insurance is a type of insurance that provides protection against customer claims arising from your business activities. This insurance can help cover the costs of damages or injuries that you may be held liable for.
If one of your employees accidentally hits a customer with a car while trying to take it into the garage, this coverage can help pay for the customer’s medical fees. General liability insurance can also help cover the costs of legal defense in the event that you are sued.
Business Income Coverage
Auto mechanic shops are often affected by the whims of the great outdoors. For example, Houston sometimes experiences heavy storming. Business income coverage can help business owners recover from a loss of income after a covered disaster, such as storming or flooding.
This coverage can reimburse you for lost business income after a disaster. Business income coverage is important because it can help you cover your expenses and keep your business running while you rebuild. It is critical to have some sort of plan in place, so you know what to do if your business is interrupted by a covered event.
Commercial Property Insurance
Houstonians love cars! This is great if you are an auto mechanic shop. Unfortunately, it is also great news for carjackers and other car thieves. A lot of mechanics in the Houston area have reported robberies. That is why it is important to get commercial property insurance.
Commercial property insurance helps protect businesses and their property from damage or loss. This type of insurance can cover things like buildings, equipment, inventory, and other business-related property. It can also help protect businesses from liability if someone is injured on the property or if the property damages someone else’s property.
Workers’ Compensation Insurance
Workers’ compensation insurance is a kind of insurance that provides benefits to employees who are injured or become ill as a result of their job. Workers’ comp can only be claimed if the injury was sustained on company property or as a result of the work. If one of your mechanics broke their wrist while fixing a car and became unable to work, that would be covered by worker’s comp.
Workers’ compensation insurance is not mandatory in Texas. However, it is still worth it to invest in it. Workers’ comp can cover an employee’s medical expenses and replace their lost wages if they take time off to recover. Or, if an employee loses their life in a work accident, it can provide death benefits.
Commercial Auto Insurance
If your mechanic shop has any vehicles it uses for work, then commercial auto insurance is required. This type of insurance protects your business in the event that an employee is involved in an accident while driving a company vehicle. It can also provide coverage for damage to property or injuries sustained in an accident.
Our Texas Insurance Agency
Hopefully, that short list was informative for owners of mechanic shops. If you have any questions or inquiries about insurance, be sure to reach out to our wonderful and talented agents. We are always here to help you with any insurance-related issues. Contact Texas Insurance Agency today and never ask, “Is Houston, TX insurance needed for mechanic shop?” ever again!
Fun Facts About Houston, TX:
- Houston’s Texas Medical Center is the largest medical center in the world.
- More than 145 different languages are spoken in Houston.
- The Galleria is Texas’ largest shopping mall.
- For more Houston fun facts, visit their website!