 OT: Commercial Shop insurance, Moving to a bigger facility |
|
|
|
Porsche, and the Porsche crest are registered trademarks of Dr. Ing. h.c. F. Porsche AG.
This site is not affiliated with Porsche in any way. Its only purpose is to provide an online forum for car enthusiasts. All other trademarks are property of their respective owners. |
|
|
| Brett W |
 Jan 20 2006, 10:40 PM
Post
#1
|
|
Advanced Member  Group: Members Posts: 2,856 Joined: 17-September 03 From: huntsville, al Member No.: 1,169 Region Association: None 
 |
I am moving to a bigger facility and need to get real commercial garage insurance. Anyone out that have an idea what type of company I should be looking for and an idea of what type of coverage I should look into?
|
   |
 
|
  |
Replies
| ChrisFoley |
Jan 21 2006, 12:56 AM
Post
#2
|
|
I am Tangerine Racing Group: Members Posts: 7,935 Joined: 29-January 03 From: Bolton, CT Member No.: 209 Region Association: None
|
Brett, are you talking about an auto repair shop or a fabrication shop. It will make a huge difference. Sentry Insurance has a good program for metal fabrication businesses.
At a minimum you will need a million $$ commercial liability and property coverage. Premiums are often based on gross income, combined with the nature of the business. As a business owner you can claim exemption from workmans comp but once you have an employee this coverage becomes mandatory. Completed products coverage is often added for manufacturing and fabrication businesses. I don't know what other coverage is required for an auto repair facility. |
|
|
|
Posts in this topic
Brett W OT: Commercial Shop insurance Jan 20 2006, 10:40 PM
bernbomb914 check with Howard the insurancd wizard
Bernie Jan 20 2006, 10:44 PM lagunero Ha! Howard recently told me that he doesn... Jan 21 2006, 12:57 AM Brett W Chris it will be a design and fabrication facility... Jan 21 2006, 12:09 PM Racer Chris All you need then is general liability and propert... Jan 21 2006, 02:17 PM Brett W Is your insurance based on sales? Does it cover a... Jan 21 2006, 08:00 PM
cnavarro Brett, there are a few different insurance options... Jan 22 2006, 11:46 AM |
1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members:
|
Lo-Fi Version | Time is now: 11th June 2024 - 03:58 PM |
Invision Power Board
v9.1.4 © 2024 IPS, Inc.