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Auto Repair Workers Compensation Insurance is a legal requirement for all mechanics who work on automobiles and engines. If your business employs them, or if you are an employee, your business should have worker's compensation insurance to safeguard its workers.
Additionally, the provider may provide disability insurance, which pays benefits to employees who become disabled due to sickness or accident on the job. With the introduction of the internet, many businesses and/or technicians may now obtain complimentary estimates for these different coverage options. For the devoted mechanic or service truck driver, auto workers' compensation insurance may be a smart investment.
Get the Most Comprehensive Mechanic Insurance
Numerous small car repair shop businesses overpay for insurance coverage due to their agent's lack of access to the most affordable insurance providers. Other company owners use payment plans based on projected payroll that do not change in response to fluctuations in payroll. Their aim is to find the best insurance rates available in their state and for their type of company. Pay As You Go payment options can help you manage your cash flow more efficiently. It works with start-ups and businesses with higher EMR ratings.
Reduce Your Auto Repair Shop's Insurance Premiums
Small companies have seen an increase in the cost of business insurance. General liability and workers' compensation insurance have been the primary drivers of the cost of coverage rise. We've collaborated with our insurance providers to offer our clients with more inexpensive business insurance options.
Here are some Employers' Liability and Workers' Compensation
- Insurance for Mechanics
- Insurance for Garage Owners
- Commercial and Residential Real Estate
What Is the Cost of Auto Repair Insurance?
Clients pay an average of about $1.29 per $100 of payroll for workers' compensation under the car repair class code. A general liability insurance coverage typically costs about $950.00.
Automobile Repair Shop Workers' Compensation
Automobile garages may be hazardous environments due to the presence of heavy machinery, moving cars, and dangerous tools. You may come into contact with sharp equipment, extreme heat, and oil slicks on the floor. Due to the physical nature of the work, you and your staff are in danger every day. Lifting large components, dealing with hot metal or chemicals, and slipping or falling may all result in injury. Any of these factors may result in a serious (and expensive) medical issues. That is why auto repair workers' compensation insurance protects you, your employees, and your company.
- Medical expenses spent as a result of being injured or ill on the job
- Employer’s liability insurance protects employers in the event an employee files a lawsuit
- Services for re-employment and recuperation
- Compensation for lost earnings
- Medical expenses are never enjoyable, much more so when they must be paid out of pocket - However, if you or an employee is injured on the job, workers' compensation will pay the associated costs