Necessary Coverages for Your Auto Repair Business
Whether you like to think about it or not, there is a lot that can go wrong when running a small business, especially one as involved as a car care shop. Working on your customers’ vehicles gives you enough to worry about—you don’t need the added stress of wondering if your insurance would cover your loss in the event of a claim.
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We would be proud to insure your business, so you can be free to focus on what matters most to you. We understand the unique challenges you face and provide you with peace of mind, knowing we are there with you when you need it.
Recently, with the increase in inflation, issues with the global automobile part supply chain, and the current state of the used car market, Acuity reached out to local automotive repair facilities asking if they could share their firsthand knowledge regarding the climate of today’s auto repair market.
The National Insurance Crime Bureau, NICB, counted just 3,969 reports of stolen catalytic converters in 2019, more than 17,000 in 2020, and more than 52,000 last year. One could speculate that there is a connection with the pandemic and recent inflation. The NICB offers several prevention tips, including parking in a secure area, installing motion sensor lights in the front of your home, and installing an anti-theft device for the catalytic converter on the vehicle.
Many small and independent auto repair shops are experiencing training and resource barriers when it come to the latest trends in electric and hybrid vehicles. However, the future is electric vehicles. With more automakers making commitments to increase production of electric and hybrid vehicles, repair shops must be prepared to remain successful.
