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Garage Liability Insurance

What is 'Garage Liability Insurance'

Insurance typically purchased by automobile dealerships and repair shops that covers property damage and bodily injury resulting from the operations of an auto garage. It typically does not cover accidents and damage to cars that are brought into the shop, as there is a separate insurance contract for such cases, but it does cover vehicles that are owned by the shop.

Explaining 'Garage Liability Insurance'

Basically, garage liability insurance provides coverage for the day-to-day operations of a garage. Dealership and repair shop owners should consider incorporating their businesses in order to limit personal liability. Without incorporation, an accident that exceeds the garage liability insurance coverage might wind up costing the owner out-of-pocket money.


Further Reading


Economic factors in liability and property insurance claims costs
www.cambridge.org [PDF]
… these claims services requires dealing with high cost furnishers of services: doctors, clinics, hospitals, lawyers, repair garages or body … 280 ECONOMIC FACTORS IN LIABILITY … and cost of motor car operation; and pressures which force more and more of the insurance costs of …

The statistic agency system in the regulation on property & casualty insurance in the United States <span style=[J]' src='/thumbnails/?img=http%3A%2F%2Fen.cnki.com.cn%2FArticle_en%2FCJFDTotal-BXYJ200808027.htm' />The statistic agency system in the regulation on property & casualty insurance in the United States [J]
en.cnki.com.cn [[J]' href='https:/api.miniature.io/pdf?url=en.cnki.com.cn%2FArticle_en%2FCJFDTotal-BXYJ200808027.htm'>PDF]
… these claims services requires dealing with high cost furnishers of services: doctors, clinics, hospitals, lawyers, repair garages or body … 280 ECONOMIC FACTORS IN LIABILITY … and cost of motor car operation; and pressures which force more and more of the insurance costs of …

The determination of financial structure: the incentive-signalling approachThe determination of financial structure: the incentive-signalling approach
www.jstor.org [PDF]
… these claims services requires dealing with high cost furnishers of services: doctors, clinics, hospitals, lawyers, repair garages or body … 280 ECONOMIC FACTORS IN LIABILITY … and cost of motor car operation; and pressures which force more and more of the insurance costs of …

The economics of credence goods: An experiment on the role of liability, verifiability, reputation, and competitionThe economics of credence goods: An experiment on the role of liability, verifiability, reputation, and competition
www.aeaweb.org [PDF]
… these claims services requires dealing with high cost furnishers of services: doctors, clinics, hospitals, lawyers, repair garages or body … 280 ECONOMIC FACTORS IN LIABILITY … and cost of motor car operation; and pressures which force more and more of the insurance costs of …

State constitutional limitations on public industrial financing: an historical and economic approachState constitutional limitations on public industrial financing: an historical and economic approach
heinonline.org [PDF]
… these claims services requires dealing with high cost furnishers of services: doctors, clinics, hospitals, lawyers, repair garages or body … 280 ECONOMIC FACTORS IN LIABILITY … and cost of motor car operation; and pressures which force more and more of the insurance costs of …

The formation mechanism for premium rate deregulation for property insurance industry <span style=[J]' src='/thumbnails/?img=http%3A%2F%2Fen.cnki.com.cn%2FArticle_en%2FCJFDTotal-BXYJ200904009.htm' />The formation mechanism for premium rate deregulation for property insurance industry [J]
en.cnki.com.cn [[J]' href='https:/api.miniature.io/pdf?url=en.cnki.com.cn%2FArticle_en%2FCJFDTotal-BXYJ200904009.htm'>PDF]
… these claims services requires dealing with high cost furnishers of services: doctors, clinics, hospitals, lawyers, repair garages or body … 280 ECONOMIC FACTORS IN LIABILITY … and cost of motor car operation; and pressures which force more and more of the insurance costs of …


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