Automobile Repair Shops

At Sprezzatura Insurance we believe that according to traditional insurance practices, the level of exposures and risks for automobile repair shops & oil change centers are as follows:

Level of Risk Per-Line of Business: Low, Medium & High.

• Automobile Liability: Medium
• Automobile Physical Damage: Medium
• General Liability: Premises and Operations: Medium
• Product Liability and Completed Operations: High- Repairs or services that have been improperly performed, the installation of faulty parts, or passing a vehicle for state inspection which should not have passed.
• Garage Keeper’s Legal Liability: High- Provides protection in the event of claims filed for damages that occur to customer-owned vehicles and their contents while those vehicles are in the care, custody, and control of the insured.
• Environmental Impairment Liability: Medium
• Workers’ Compensation: Medium- Technicians face the greatest risk.
• Crime: Medium
• Fire and E.C.: Property: Medium- Exposure will increase for insures that store or dispense gas on site.
• Business Interruption: Medium
• Inland Marine: Medium- Great deal of costly equipment and machinery.

Based on ISO, AM Best, and others; recommended class codes for Automobile Repair Shops & Oil Change Center are:

Standard Industrial Classification Manual (SIC) Codes and Classifications

• 7533- Automotive Exhaust System Repair Shops
• 7537- Automotive Transmission Repair Shops
• 7538- General Automotive Repair Shops
• 7539- Automotive Repair Shops, Not Elsewhere Classified
• 7549- Automotive Services, Except Repair and Carwashes