Insurance Glossary

Garage Liability Insurance

Business

Definition

Specialized coverage for auto repair shops, dealerships, and parking garages, protecting against liability claims arising from business operations and customer vehicles.

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Related Terms

Commercial Auto Insurance
Insurance coverage for vehicles owned or used by a business, providing liability, collision, and comprehensive coverage for business vehicles and drivers.
Garagekeepers Insurance
Coverage that protects auto repair shops and parking facilities against liability for damage to customers' vehicles while in their care, custody, or control.
Commercial General Liability
Insurance that protects businesses against claims of bodily injury, property damage, personal injury, and advertising injury that occur during normal business operations.
Accident Insurance
Insurance coverage for unforeseen bodily injury resulting from an accident.
Liability Coverage
Insurance that covers legal responsibility for injuries or damage caused to others or their property.
Liability Limit
The maximum amount an insurance policy will pay for covered liability claims.
Term Life Insurance
Life insurance coverage for a specified period of time, providing a death benefit if the insured dies during the term.
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