Post on 25-Feb-2016
description
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Auto Repair
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TWFG Commercial Business SchoolRetail & Service
Learning Objectives
To understand the primary exposures by line of coverage
To know what questions to ask and what information’s needed to pre-qualify
To be familiar with the typical Supplemental App required by carriers
To be familiar with the typical coverage enhancements offered
To know which resources to consult for additional information
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TWFG Commercial Business School Retail & Service
Glossary
Garagekeepers Coverage
Business Income – Dependent Property
Extended Business Income
Manufacturer’s Selling Price (Valuation Option)
Time Element Coverages
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Exposures in General
General Liability PropertyPremises Flammables
Products/Completed Operations
Workers CompensationPremises Hazards
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TWFG Commercial Business School Retail & Service
Garage Supplemental
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Preferred SIC CodesSupport Document Located on the Branch &
GA websites
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TWFG Commercial Business School Retail & Service
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TWFG Commercial Business School Retail & Service
Submission ChecklistA submission checklist is the easiest way to ensure that all exposures have been accounted for and addressed
Support document is available on the Branch & GA websites
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Case StudyThis segment includes a Case study. For those Branches participating in the Certified Commercial Branch Agency (CCBA) Program you will need to complete and pass in order to receive credit for this segment. For Branches not participating, the Case Study is optional
For GA agents the Case Study is optional.
The Case Study material will be available on the Branch and GA portals
RETURN COMPLETED CASE STUDIES TO MARK GLAUG @
mglaug@twfg.com
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QUIZ
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1. What type of coverage does Garagekeepers provide?
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1. What type of coverage does Garagekeepers provide?
Physical damage coverage for autos in the insured’s care, custody or control.
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2. What are the two main coverage options for Garagekeepers?
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2. What are the two main coverage options for Garagekeepers?
Legal Liability only or Direct (without regard to legal liability).
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3. Name two possible products/completed operations exposures for an auto repair facility that could lead to damage to a customer’s vehicles.
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3. Name two possible products/completed operations exposures for an auto repair facility that could lead to damage to a customer’s vehicles.
Oil filter not completely tightened. Lug nuts on a tire not completely tightened. Oil crank case plug not tightened. Installation of the wrong oil filter.
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4. What guidelines must be followed in the handling of flammables?
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4. What guidelines must be followed in the handling of flammables?
Properly labeled. Stored in an approved fireproof cabinet per NFPA guidelines.
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5. What types of paint booths are acceptable?
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5. What types of paint booths are acceptable?
NFPA or UL approved paint booths which control ventilation and have explosion-proof fixtures.
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6. Name three Workers Comp loss control practices that Auto Repair facilities should have in place.
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TWFG Commercial Business School Retail & Service
6. Name three Workers Comp loss control practices that Auto Repair facilities should have in place.
Providing safety equipment with adequate training. Enforced safety program. Regular safety meetings. Accident investigation procedures. Back-To-Work program. Regular inspection of premises and good housekeeping. Spill clean-up protocols (specific for oils, degreasers, brake fluid, etc.)
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7. Will carriers write an Auto Repair facility that provides:
a. Loaner Carsb. Tire Salesc. Towingd. Work on RVs
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7. Will carriers write an Auto Repair facility that provides:
a. Loaner Cars Nob. Tire Sales Yes, if under 25%c. Towing Yes, 1 truck no program or comm vehiclesd. Work on RVs No
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8. Name 4 sources of possible Workers Compensation injuries.
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8. Name 4 sources of possible Workers Compensation injuries.
Strains/Sprains from liftingBurns from battery acidPaint fumesInjuries associated with vehicle liftsFalls into sub-flow oil change pits
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9. Give an example of an Extra Expense.
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9. Give an example of an Extra Expense.
Temporarily relocating operations in order to continue doing business.
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Questions???