What specific kinds of insurance do auto parts and supply businesses usually need?
A. It varies from company to company, but in general most auto parts businesses require: • Business Personal Property Coverage – Insures your inventory, fixtures, displays, supplies, furniture and more against fire, theft and many other risks. • Product Liability – If parts or products you sell are found to be defective and caused damage to a customer’s vehicle, this insurance will protect you. • Computer Coverage and Valuable Papers and Records Coverage – Protects you in the event your computer is damaged or destroyed, or computer databases and customer records are lost. • General Liability – This provides coverage in the event a customer would get hurt on your premises. • Workers Compensation – Protects you against employee job-related injury claims. • Business Automobile Coverage – Provides coverage for business-owned vehicles, or for employees using their vehicles for business purposes.
