Garage Keepers Legal Liability is primarily for an automotive repair shop with other people's vehicles in their Care, Custody and Control. Should a claim occur when this vehicle is in the shop's possession, it would be paid under this policy.
depends on your state. In Texas it is around $7k
Absolutely not. General liability disclaimer does not cover negligence.
Garage keepers insurance policies are written for companies who for part of their operations take possession of others vehicles, whether that be for auto repair, collision repair, repainting, auto sales with repair, etc. The policy has special coverages just for these types of operations, like GKLL which is coverage for the vehicles while in your possession as a bailee. The policies also usually include auto liability coverage for test driving these vehicles. Make sure you work with a broker to understand what you are buying, skipping any of these essential coverages could be disastrous.
Yes it can. In fact, a policy written on a "Garage Liability Form" will show a limit for "Auto" and then also show a limit for "Other than auto". Auto liability is basically due to the fact that the garage will test drive autos while fixing them. Other than auto is the premises or general liability. This shows that garage liability will also include general liability on the declarations page.
Garage keepers Insurance is Insurance for any comapny that works on people cars. Like, Auto Body Shops, Mobile mechanics, and so on, more info at http://garagekeepersinsurance.blogspot.com/
You need a garage keepers liability policy which will include coverage for the motorcycles in your possession, liability while testing them, liability for the premesis and your work, etc. If you have employees you will also need work comp insurance. If you are just starting this business up, I would estimate 1% of your total gross reciepts as insurance costs, with a minimum of $2,000 annually.
What is General Liability class code for tenant's legal liability
Usually garage keepers liability will cover the vehicle, but if not the other insurance company is still on the hook for at least the cost of the repair
If its legal :)
Your garage insurance should be covered by home owners insurance or renters insurance. I am not sure you would need liability insurance in a garage though, because no one else would be hurt in there.
There are many reputable insurance companies that provide garage liability insurance. Progressive, State Farm, and Geico are all good companies and can assist you.
No, it would not cover damage of that nature. Garage Keepers insurance provides protection in case a vehicle is damaged by fire, theft, vandalism or collision.