As an auto mechanic in Michigan, your job is all about ensuring that cars are in top condition and safe to drive. However, this also means that you are exposed to a range of risks and liabilities that come with working on vehicles. This is why Auto Mechanic Insurance is an essential investment for anyone working in the auto repair industry.
Michigan is home to over 2,000 auto repair and maintenance businesses, employing thousands of mechanics throughout the state. With so many mechanics working on so many cars, it's no surprise that accidents and incidents can happen. In fact, according to the Bureau of Labor Statistics, Michigan had over 2,000 non-fatal occupational injuries and illnesses in the transportation and warehousing sector in 2019.
Auto Mechanic Insurance is designed to protect you and your business from the financial consequences of accidents, damage, and liability claims. It can cover a range of risks, including damage to customer vehicles, injury to customers or employees, and claims of negligence or faulty workmanship. Without insurance, a single incident or lawsuit could easily wipe out your business, leaving you with substantial debts and liabilities.
In Michigan, there are also specific requirements for auto repair businesses to carry liability insurance. Under state law, any business that provides automotive repair services must have at least $50,000 in liability coverage per occurrence, with a minimum of $100,000 in coverage per year. Failure to carry this insurance can result in fines, legal action, and even the revocation of your business license.
Another factor to consider is the high cost of auto repairs in Michigan. According to a recent study by CarMD, Michigan has some of the highest auto repair costs in the country, with an average repair cost of $426.89. This means that even a minor mistake or accident could result in significant costs and potential lawsuits.
With so many risks and liabilities facing auto mechanics in Michigan, Auto Mechanic Insurance is an essential investment for protecting your business and livelihood. Whether you're located in Detroit, Grand Rapids, or any other part of the state, having the right insurance coverage can give you peace of mind and financial security. Don't wait until it's too late – talk to an insurance provider today to find the best coverage options for your business.