Insurance for Auto Parts Shop in Texas

With the prices of today's vehicles being what they are, most motorists would prefer to put in some extra effort to keep their vehicles in good condition rather than buy a new one. And this is why running an auto parts business can be a very lucrative endeavor. Whether they are in need of bumpers, catalytic converters, seat covers, or side mirror replacements, countless customers flock to your auto parts shop to keep their vehicles looking brand-new.

While you work hard to help people prolong the service life of their cars and business vehicles, Quote Texas Insurance works just as efficiently to protect small and medium enterprises from financial difficulties. Our team of professionals is always prepared to find out the best ways insurance products can help auto parts shop owners like you so that you can focus on your business without fear of unexpected events.

Insurance coverage: A key component of a successful auto parts shop business

Your shop is the go-to store when it comes to auto parts and accessories, but do you know the different pieces that make up an excellent insurance coverage?

 

  • Commercial general liability insurance – Some auto parts shop owners might think that retail establishments do not need commercial general liability insurance. After all, what could possibly happen in an innocent shop, right? Wrong. If you think about it, all businesses are prone to various liability exposures: a person could slip on a floor your janitor is mopping or your store signage could fall on a customer's car. For liability obligations resulting from bodily injuries, damage to other's properties, or advertising injuries, a commercial general liability insurance policy is the answer.
  • Product liability insurance – To maintain your reputation as a dependable retailer, you work hard to make sure that the products you sell are always of high quality. However, your meticulousness is not 100 percent foolproof. One day, someone could claim that a product you sold caused them harm or personal injury. Product liability insurance protects your business from financial loss by providing coverage for claims like these.
  • Commercial property insurance – Most auto parts shops maintain an inventory of products that can cost tens of thousands of dollars. If unexpected events like fire, theft, vandalism, or riots damage these goods and your shop, what have you got to protect your finances? Commercial property insurance is the key. This policy can thoroughly cover for damage to your tangible properties, including your building, its contents, your inventory of goods, and in some cases, even other people's properties.
  • Workers' compensation insurance – The State of Texas does not require most private employers to have workers' compensation insurance, but if you are serious about the welfare of your associates, then getting then workers' comp is a must. In the event of an accident, this policy steps in to pay for an injured worker's medical benefits, lost wages, rehabilitation bills, and even death and burial benefits for their family, should their injury result in death.

 

There's no denying that successful auto parts shop owners have amazing business acumen, and having this shrewd financial judgement also means that they know the importance of an effective insurance coverage. Count yourself among these people. Contact Quote Texas Insurance today for a quick quote.