In Kentucky, $4,661,744,000 in commercial insurance claims were paid in 2019 alone. If you own an auto servicing shop, there are specific coverages you'll need to have in addition to the standard policies to avoid substantial financial losses or worse. Garage keepers insurance is a necessary policy for anyone who handles customer cars.

Fortunately, your Kentucky commercial insurance can include coverage for cars in your care. A Kentucky independent insurance agent can help find a policy that's affordable. Get connected with a local expert for tailored quotes in minutes.  

What Is Garage Keepers Insurance?

In Kentucky, if you're in the business of working on, servicing, selling, detailing, or hauling cars, there are specific coverages you'll need. Garage keepers liability protects your operation by helping to cover customer vehicles. Check out what a garage keepers policy covers:

• Garage keepers liability insurance: Pays for replacement or repair of your customers' vehicles. Any damage that may occur while they are in your care, custody, and control would be included under this policy. If you run an auto repair shop, this coverage will apply when you fix a customer's car or take it for a test drive.

How Much Is Garage Keepers Insurance In Kentucky?

Unique risk factors are used when determining the price of your commercial insurance. In Kentucky, your garage keepers insurance costs will vary depending on several items. Check out how carriers price your garage keepers insurance below:

• Your experience level as a business owner
• The amount of coverage you would need
• The value of customer vehicles in your care at any given time
• Safety procedures in place for accessing customer vehicles
• Your loss history
• How long you've been insured

Industry revenue of general automotive repair in the US from 2012 to 2024 (in billion US dollars)

The cost to insure your auto shop is far less expensive than the potential revenue earnings you could make. It's important to understand how your commercial policies apply and how they work.

What Does Garage Keepers Insurance Cover In Kentucky?

Does your business fall under the category of needing garage keepers insurance? Multiple auto-related industries need garage keepers coverage, and knowing if your operation does could be tricky. The best way to learn is by reviewing with a trained professional, but a good indicator is if you ever have customer vehicles in your care, custody, or control. Take a look at some examples of industries garage keepers insurance would apply to:

• Tow truck operators
• Quick lube shops
• Auto body shops
• Auto repair shops
• Valet services
• Auto detailing shops

Garage keepers insurance can cover many types of damage. The most common include fire, theft, vandalism, natural disasters, and collision.

Garage Keepers Insurance Limits In Kentucky

Like any business, your operation is different from the one down the street. This means that you'll need your own specific insurance policies based on your business needs. As it relates to your garage keepers insurance, you'll want coverage for the maximum value of cars in your care, custody, and control at any given time.

Personal consumption expenditures on motor vehicle parts and accessories in the US from 2010 to 2018 (in billion US dollars)

In the US, vehicle parts and accessories make up a large market. It's essential to have the proper coverage for your customer autos so that you're not on the hook for more than just the vehicle. 

What Doesn't Garage Keepers Insurance Cover In Kentucky?

You've learned what's covered under garage keepers insurance, now let's see what's not. Every policy will have a list of items they won't provide protection for, and garage keepers insurance is no exception. Some of the most common exclusions are listed below:

What your garage keepers insurance won't cover:

• Bodily injury
• Property damage of a non-customer auto
• Business property
• Inadequate workmanship and warranties
• Contents of your customer's vehicle
• Parts & labor

How to Connect with a Kentucky Independent Insurance Agent

Kentucky has 351,260 small businesses in existence. The proper insurance for your auto service shop is vital to keeping your operation running smoothly. Garage keepers liability insurance can help protect your risk when handling customer autos.

A Kentucky independent insurance agent will have access to numerous carriers at once so that you're fully protected. They'll present the best options for coverage and price. Connect with a local expert on TrustedChoice.com for custom quotes today.