Do auto repair shop policies have workers compensation?
Workers compensation typically safeguards against workplace injuries sustained by employees, and the majority of Massachusetts businesses with employees are legally obligated to have this coverage.
The inclusion of workers compensation in auto repair shop policies varies. Some policies provide it, while others do not. If an auto repair shop policy doesn’t include workers compensation, it can easily be acquired through a separate policy, which is purchased alongside the primary repair shop policy.
How much are the premiums for auto repair shop policies?
The premiums for auto repair shop policies are determined by various factors, typically involving aspects like a shop’s:
- Facility’s location and size
- Range of services and yearly revenue
- Selected coverages and limits
- Claims history in recent years
Although there may be differences in the premiums for various policies, the cost of insurance generally remains reasonable. It’s almost certainly more cost-effective than facing the expenses of a significant claim without any coverage in place.