Are you familiar with garage liability insurance? Depending on the type of business that you’re involved with, than you already may have come across it before. If not, then you may be surprised to learn that there’s more to it than meets the eye. In this guide, we’ll take a look at this form of commercial insurance, who needs it, and how and why it’s a necessity.

One of the first points to consider is that this is a more widespread or common form of insurance than you may imagine. There are many different types of businesses and industries where this is either required or recommended.

This begins with automobile dealerships. Auto dealers are required to carry numerous forms of commercial insurance, such as dealer bonds, as well as garage liability. With the latter, business owners are essentially covered in the combined areas of general liability and automotive insurance. In other words, they’re protected against bodily injury and property damage as a result of a vehicle accident.

Beyond the world of automobile dealerships, as we mentioned, there are also many other businesses which are served by garage liability coverage. This list includes essentially any type of business where a customer’s or client’s car may be left on-site, and either moved or serviced by the business. In practice, this list includes everything from valet services and parking garages to quick lube and tire change facilities, auto repair and body shops, car washes, and so forth.

What this does not cover is what’s separately known as “garagekeepers” insurance. This portion of the puzzle is what protects your business against any actual damage to the vehicle itself. You don’t want to fall into the trap of believing that you are already protected against this only to find out at the worst time that you’re actually not covered. It’s any business owner’s nightmare.

Another important note to remember is that the specific requirements for garage liability will vary from state to state. In a state such as Florida, different automobile dealer licenses have different minimum coverage levels, for instance. In depends on the type of license you’re carrying, and this type of stipulation is common in other states across the country as well.

Of course, it’s always essential to work with an experienced, licensed insurance professional in your state or local area. He or she will be familiar with the local regulations and requirements, and should be able to help you smoothly navigate the matter while finding the right deal and the right policy.

John Rothschild is the owner of ACI Insurance Services, a leading provider of Florida garage liability insurance for more than 12 years. ACI is known for their customer service, their extensive experience and knowledge of the industry, and their affordable rates, and they’ll do everything they can to meet the needs of their clients.

Shopping for commercial auto insurance often proves to be a major hassle. That doesn’t have to be the case though, you just need to know how to get started. In this guide, we’ll offer a quick look at some of the major points you’ll need to keep in mind when obtaining your commercial auto insurance policy.

The first step in your search for the right type of commercial auto insurance is looking at the type of vehicle that you need insured. Many contractors and other professionals will be driving and using fairly standard vehicles for their jobs, in terms of commercial vans or pickup trucks. From there, there’s the whole spectrum of actual trucks, from big rig 18 wheelers on down. And beyond those, there’s a wide range of specialty vehicles and specialty trucks.

With very specific types of equipment and applications, they also need very specific types of commercial auto insurance policies to match. So, whether you’re using a tow truck, a dump truck, a refrigerated truck, a log hauler, an auto hauler, and well, you get the idea, will directly impact the type of policy you need.

Of course, the industry you’re in also plays a part. You could be driving the same type or class of vehicle for different purposes, and come across different requirements, regulations, and recommendations for how to cover the vehicle. At the same time, the industry you’re in also directly impacts the above, and the type of vehicle you’re driving.

Further is that your classification within an industry also plays a role in your commercial auto insurance needs. Consider that you could be the owner of a trucking fleet, the driver of a truck, or the owner-operator of a truck, and each of these is very different in terms of the requirements involved for insurance coverage.

Another point is that there may be different regulations which apply to your business or the type of vehicle you’re operating depending on your local region and state. This is assuredly the case if you are required to carry a license for your business, and may apply in a number of other scenarios as well.

Remember, your business is different from everyone else’s, and your policy should be as well. It needs to account for your industry, type of vehicle, how and where it’s being used, regulations and requirements that may be in place, and much more.

Don’t try to handle the matter by yourself, either. You’re always encouraged to work with a licensed insurance agent or professional who can handle the logistics of acquiring your policy for you. By working with a number of different providers, they can find you the just right policy at the just right price. Further, their experience in the field will make sure that you’re properly protected and in compliance with any local or statewide requirements.

John Rothschild is the owner of ACI Insurance Services, a leading provider of Florida commercial insurance for more than 10 years. ACI is known for their customer service, their extensive experience and knowledge of the industry, and their affordable rates, and they’ll do everything they can to meet the needs of their clients.

As soon as the warmer weather winks at us, it’s time for the Farmers Market, that open space where farmers and others eager to earn some income from selling garden-picked fresh produce, out-of-the-oven baked delicacies, prepared food selections, drinks, fresh meat and fish – and even craft-work are displayed for passers-by searching good deals.

While the assortment on display by the selling vendors is a varied sort, it is not a free-for-all decision. Prior to showing off their wares, sellers must meet the guidelines of the market board members as well as local regulations set down for the market selling and buying process.

Of course, the Farmers Market is vulnerable to exposure of all sorts of risks, be it theft, fire, storm-damage, liability and more.

Related insurance premiums are subject to a determination by the insurance companies in relation to the following:

• How many days a week or month of activity in the Farmers
• How many vendors, workers and customers at the marketplace
• The amount of insurance coverage that is purchased

Like any business venture, the Farmers Market owner, manager or vendor must make an honest analysis of goings-on and how they may relate to insurance protection.
Below are several forms of coverage that may pertain to any vendor or marketplace operator.
The Differing Forms of Insurance Coverage

1. Business Property
This coverage can shield the marketplace owner/operator, as well as the sellers. In the event of loss or damage to property or goods, it can reimburse up to the limits of any covered event.

2. Premises Liability
This covers legal fees and court verdicts decided against the insured in a lawsuit regarding injury, loss or damage liability to others.

3. Product Liability
This form of coverage protects the vendor in the event his or her product is the subject of a lawsuit associated with illness or injury.

4. Liquor Liability
This type of coverage shields the insured liquor provider from liability if someone purchases and imbues beer, wine or other type of alcoholic drink at the event and thereafter causes an accident or injury to another

5. Workers Compensation
Workers Comp ensures there will be funds for medical costs, lost wages for a worker who suffers injury or illness as a result of employment. It also protects the marketplace operator or vendor in the event of a related lawsuit.

You have just enjoyed a brief synopsis on the various forms of Farmers Market insurance coverage. For a more in-depth discussion about your particular situation and insurance needs, speak to a professional independent agent that can present you with a tailored policy at the most competitive quote.