General Liability Insurance For Appliance Repair Shops
General liability is the most basic type of coverage in your commercial insurance policy. It protects you in the case that a person or property is damaged in your shop or in the home of a customer as a result of your employee. A repair shop can potentially contain several hazards. With equipment, parts, and appliances sitting in the shop, you need to be very careful to prevent accidents. But when they do occur, your general liability coverage will help you pay for the medical treatments or repairs needed. Under general liability, you will have the following coverages:
- Premises Liability - With a store, your business premises are vulnerable to accidents and mishaps. In the case that a customer is injured, for example, by tripping over a tool or part on the floor, this part of your business insurance will protect you. It also covers costs of damage to personal property.
- Products Liability - Your small business insurance also includes products liability coverage. If you sell a customer a part for an appliance and it is faulty or damaged or in some way causes harm to the customer, you will be protected from the resulting costs
- Completed Operations - As a service provider, you have to be aware that customers may make complaints after a contract for service has been completed. In that case, the completed operations portion of your commercial insurance will have you covered.
Business Owners Insurance
A business owners policy, or BOP, is a package of insurance coverages that can be customized to match your business's exact needs. As the owner of an appliance repair shop, your commercial business insurance will need to include general liability, coverage for company vehicles, protection from litigation, employee dishonesty coverage, and possibly more. You can tailor your BOP to meet all of your needs.
Business Auto Insurance
For repairing large appliances, you most likely send employees out to customer homes. Even if they are driving their own vehicles, you can be liable for any accidents that occur during the course of a job. The auto portion of your small business insurance can cover such events as accidents, injuries, damage to property, theft, fires, and more.