garagekeepers coverage

Garagekeepers insurance protects your trucking company from liability for damage involving equipment that is stored on your property but you don’t own.

When you run a shop, tow trucks, store equipment and containers, or allow other truck drivers to park in your yard, you can be held legally liable for accidents or damages to those assets even though you don’t own them.

That’s why you need an insurance policy to protect your trucking company from financial liability for damages to others' property that happen on your premises.

Great West’s Garagekeepers insurance pays for comprehensive and collision damage to a customer's property that is in your care, custody, and control. It will compensate the truck or trailer’s owner even if you are not responsible for the loss, such as for damage caused by hail or a tornado.

This is primary coverage, which means it will go into effect before your customer’s insurance policy. This is an essential element of Great West’s policy that can help you preserve goodwill with your garage clients, and it is a valuable asset in your relationships with customers, owner-operators, or friends.

PROPERTY-OF-OTHERS COVERAGE

Great West also has a Property-of-Others coverage feature. If you are working on someone else’s loaded trailer, your garage can be liable for any damage to the customer’s cargo, including theft.

Since it is not your cargo, your trucking company’s Cargo insurance policy won’t apply. Instead, the Property-of-Others coverage would pay for the loss. 

Garagekeepers insurance and Property-of-Others coverage are subject to a per-loss limit of insurance.

You will want to work with your Great West agent to make sure you have enough protection to cover the maximum value of the non-owned assets your trucking company has at any one location.