AUTO SERVICE SHOPS

Waterloo Insurance offers coverage tailored to the needs of the automobile services sector. The Auto Service products provide specialized coverage for real and personal property, business income, employees’ tools, garage liability, garage keepers’ physical damage and the insureds’ own autos. Whether a single location or many, Waterloo Insurance also offers enhanced property coverage, including equipment breakdown and umbrella limits to suit insureds’ needs.

 

Product Flexibility

  • Umbrella limits to suit most insureds’ needs

  • Property enhancement coverage, including equipment breakdown

  • Single or multi-location / multi-state capabilities

  • GL and Property Package capabilities for operations incidental to garage operations

  • Garage Extension Endorsement, including:

- Title E&O

- Insurance Agents E&O

- Truth in Lending E&O

- Odometer Alteration Liability

- Defective Products Liability

- Auto Dealers Legal Defense Coverage

- Fellow Employee Coverage

 

Preferred Exposures

Auto Service covers a wide range of automobile sales and service operations, including but not limited to the following classes:

  • Lube and oil service

  • General auto service and repair

  • Tire shops

  • Brake service and repair

  • Transmission service and repair

  • Paint and body shops

  • Car wash and detailing – including mobile operations

 

Coverage Options

  • Garagekeepers Legal Liability: Coverage for damages to a customer’s auto in which an insured is legally liable

  • Garagekeepers Direct Primary: Coverage for damages to a customer’s auto regardless of whether an insured is legally liable

  • Garagekeepers Direct Excess: Coverage for damages to a customer’s auto regardless of whether an insured is legally liable; however, only over any other collectible insurance

 

Submission Requirements

  • Waterloo Insurance garage application

  • Waterloo Insurance supplemental applications for specified classes

 

Ineligible Exposures

  • Working out of a personal residence or garage

  • Outdated or unsafe equipment & tools

  • Poor housekeeping

  • Poor service practices

 

Underwriting Guidelines

All sales and service operations must demonstrate that they have:

  • Adequate business experience and management skills evidenced by the following:

- Sound financials

- Excellent hiring practices

- Excellent housekeeping and loss prevention

  • Modern equipment including (if applicable) UL-listed paint booths, storage cabinets and ventilation systems

  • Access to current technical service bulletins

It is preferred that there be at least one ASE or equivalent certified mechanic employed.