The garage keeper’s policy was created to cover businesses like detailing, auto body, and mechanic shops.

The policy covers any damage that might occur to a customer’s vehicle while in your possession. That could mean while driving it, working on it, or while it sits.

Business property insurance is similar to the insurance you would have on your own house.

It covers the property itself and anything that is contained inside or on it. This would include equipment, products, and fixtures.

It will cover such things as accidental direct physical damage, fire, and theft.

Like any normal auto policy, this will cover the vehicle against accidents or vandalism.

It will also cover any equipment that is a permanent fixture of the vehicle (i.e. bolted down) against theft or loss.

The purpose of Workers Comp insurance is to cover you in case an employee gets injured on the job.

As the business owner, you choose to be included or excluded from the policy.

It will cover against medical bills, paid time off, and potential lawsuits.

The amount of coverage required and individual rates are based directly on your overall payroll, but will vary from state to state. Check with an insurance agent in your state to learn about applicable coverage and laws.