Liability is a hot topic in the collision repair industry. While following OEM procedures and acquiring shop insurance is a must, all policies are not created equal.
Many insurance carriers do not understand the industry well enough to provide guidance on liability concerns that shops may face.
David B. Willett, general manager of the automotive industry at Intrepid Direct Insurance, shared observations about the value of having an insurer who understands the business.
“It’s astonishing how many shops are working in the dark ages with agents who don’t write many policies for businesses, like their own, when they could deal with someone who attends industry events and knows collision repair,” Willett says. “Fifteen years ago, there were insurers who dealt preponderantly in the auto body industry, but many of those programs have disappeared over the years, leaving a disconnect.”
Tony Adams, owner of Weaver’s Auto Center and an Intrepid Direct customer, said it’s beneficial to have an insurance company that specializes in the industry. “When you need a doctor, do you want a generalist or an expert? Personally, I want an expert and that’s what Intrepid Direct is for.”
Adams sought coverage from Intrepid Direct because “they were the only active participant that I’ve seen in a while attending industry events and auto body association meetings. I think this keeps them sharper over their competition to the trends and needs for my business.”
For many shops, it’s important to have the peace of mind that is obtained by knowing your shop is protected.
“When I met David Willett, he made me realize how underinsured I was, but unlike other carriers who asked silly questions that made it seem like they had no idea what I did for a living, David knew immediately,” Rob Mays of Hance Paint & Body Service, said. “I sleep well at night knowing Intrepid is in my corner if I have a claim.”
Intrepid Direct Insurance is selective of the shops that it will offer a policy. They are seeking collision repair facilities doing “quality repairs to OEM standards.”