Effective immediately, the following amendments apply to the insurance coverage requirements for damage to property and for liability arising from bodily injury, which an auto body repair facility must maintain for a full service license:
- Full service license auto body facilities shall maintain insurance coverage for damage to property and for liability arising from bodily injury, including, but not limited to: eligible garage liability or equivalent commercial general liability insurance in a minimum amount of $300,000 or a letter of credit in the amount of $300,000; garage keepers’ liability insurance in a minimum amount of $50,000 or a letter of credit in the amount of $50,000.
Bryant adds that the change in the insurance requirement will have a substantial impact on the state’s Auto Body Licensing Law.“This will make the law fair to the shops by not forcing a small shop to purchase more insurance than it needs,” he says. “This saves the smaller shops a lot of money,” Questions regarding the new law may be directed to the Business Licensing Services Bureau at (609) 292-6500, ext. 5014.