Farm equipment repair shops carry specialized risks that require tailored insurance solutions. Colonial General Insurance Agency, Inc. offers a dedicated Farm Equipment Repair Shop Insurance program through its commercial garage department, specifically designed to address the exposures faced by businesses involved in the repair and sales of agricultural equipment.
Overview of the Program From Colonial General
Colonial General is a Managing General Agency and Excess & Surplus Lines Broker with access to multiple markets, offering flexible and competitive solutions for farm equipment repair operations. This program provides comprehensive commercial garage coverage to help protect your clients from liability, property damage, and equipment-related risks commonly associated with this niche industry.
Ideal Accounts and Appetite
This program is ideal for businesses that specialize in the repair, maintenance, and sale of farm equipment. Target accounts include:
- Independent farm equipment repair shops
- Small to mid-sized agricultural equipment dealers with onsite service facilities
- Mobile repair units servicing farm machinery
Note: Non-motorized equipment operations are not eligible for this program.
Coverage Highlights and Advantages
Colonial General’s Farm Equipment Repair Shop Insurance program includes broad protection to meet the unique needs of this class of business. Coverage highlights include:
- Garage Liability Limits up to $1,000,000 per accident
- $3,000,000 General Liability Aggregate
- $5,000 Medical Payments
- Broadened Coverage Endorsements
- Dealers Physical Damage
- False Pretense Coverage
- Fire Legal Liability
- Garagekeepers Coverage on a Primary Basis with Specified Causes of Loss
- In-Transit Coverage for Towing Operations
- Optional Property Coverage available
Underwriting Notes and Minimum Premiums
Colonial General underwrites each account based on business operations, loss history, and location. While minimum premium information is not specified, agents can expect competitive pricing through access to both admitted and non-admitted markets, depending on the risk profile. Accounts involving mobile service or on-site repairs with appropriate safety measures in place are typically strong fits.
Territories and Availability
This program is available in the following states:
- Arizona (AZ)
- California (CA)
- Colorado (CO)
- Idaho (ID)
- Nevada (NV)
- New Mexico (NM)
- Utah (UT)
- Wyoming (WY)
Why Work With Colonial General
With decades of experience in niche commercial programs, Colonial General provides agents with access to tailored coverage options for hard-to-place risks. The commercial garage team understands the operational nuances of farm equipment repair shops and offers responsive service, customized underwriting, and access to a range of carriers to help you place business confidently.
Whether your client runs a rural repair shop servicing tractors or a regional dealership with multiple service bays, Colonial General has the tools and expertise to support your placement needs.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Ideal accounts are farm equipment repair shops and agricultural equipment dealers that offer repair and maintenance services. Mobile service providers may also qualify.
Is coverage available for non-motorized equipment repair?
No, this program does not provide coverage for non-motorized equipment operations.
Can I access admitted and non-admitted markets through this program?
Yes, Colonial General offers access to both admitted and non-admitted markets depending on the specific risk and location.
What is included in the Garagekeepers Coverage?
The program offers Garagekeepers Coverage on a primary basis with specified causes of loss to protect your client's customers’ vehicles while in their care.
In which states is this program available?
This program is currently available in AZ, CA, CO, ID, NV, NM, UT, and WY.
Need help placing an account? Connect with a market specialist.