Additional liability insurance over your
existing policies at a very reduced cost. Costs as little as $500 a year
for $1 million coverage!|
An umbrella policy doesn't replace your existing policies--but it can
certainly improve your protection at very little additional cost. And the
umbrella policy doesn't just cover your shop liability--it extends to your
vehicles as well!
We have an exclusive arrangement with Chartis
Insurance to provide umbrella coverage to the automotive trades. So whether
you are a gas station or a truck repair shop, we can fortify your current
insurance coverage simply and easily.
Umbrella limits from $1MM all
the way up to $25MM are available at reasonable prices. Of course we'd love
to insure your entire operation but the good news is that we can provide
these limits even if you are insuring your shop with someone else.
Typically, shops will purchase umbrella policies in the following
- Their lease or mortgage requires liability limits in excess of $1MM
- Their contracts or agreements with customers, franchisor or
suppliers requires it
- They are concerned about their potential exposure to a large lawsuit
as a result of the type of activities or products they are dealing with.
The fact is that a shop which is paying $5,000 for $1MM of liability
(and auto) coverage can generally double that coverage to $2MM with an
umbrella for about $600 a year. An increase to $5MM might only
cost a total of $2,000 additional. Umbrellas are a very cost efficient
way of buying insurance.
To discuss or buy umbrella insurance for your
shop, call GarageGuys at 800 474 5553 and hit "O" to speak directly
with one of our knowledgeable reps.