What is Race Teams and Shops?
Race Teams and Shops insurance is specialized coverage designed for professional and amateur motorsports operations. It helps protect the unique risks associated with building, maintaining, and operating race cars, as well as the teams and facilities that support them. Whether you're managing a full racing team or operating a shop that services competition vehicles, this type of policy can provide tailored protection beyond standard business insurance.
For those involved in motorsports, understanding the various risks, including environmental handling and compliance expectations, is essential to keeping your operations secure and well-insured.
Who needs it
This insurance is ideal for:
- Professional and amateur race teams
- Motorsports shops and garages
- Fabricators and builders of race vehicles
- Race car transporters and haulers
- Owners of performance parts and tuning businesses focused on competition vehicles
Even if your work is seasonal or part-time, having the right coverage can protect your investment and operations.
What it typically covers
Coverage can vary by provider, but common protections include:
- Garage liability: Covers injuries or property damage occurring at your shop or during related operations.
- Garagekeepers coverage: Protects customers’ vehicles while in your care, custody, or control.
- Property insurance: Covers buildings, tools, equipment, and parts inventory.
- Inland marine: Covers race cars and equipment in transit or stored off-site.
- General liability: Helps cover third-party claims of injury or damage not related to vehicles.
Common exclusions and limitations
Most Race Teams and Shops policies do not cover:
- On-track incidents or accidents during competition
- Damage to race vehicles during active racing
- Wear and tear or mechanical breakdowns
- Uninsured subcontractors or independent contractors
Always review your policy to understand what is and isn't covered, and ask your agent about supplemental coverage if needed.
Factors that influence cost
The cost of Race Teams and Shops insurance depends on several factors, including:
- The size and type of your operation
- Number of employees and annual revenue
- Value of race vehicles, tools, and equipment
- Location of your shop
- Claims history and safety practices
Customizing your policy to your specific risks helps ensure you’re not overpaying or underinsured.
Proof of insurance and compliance
Having valid insurance may be required to rent track space, meet sponsorship agreements, or comply with state and local business regulations. Certificates of insurance (COIs) can be issued to show proof of coverage to partners or venue operators. Requirements vary by location and racing organization, so check your obligations carefully.
How to get a quote
Getting insured is simple. Our team can help you find the right Race Teams and Shops insurance policy tailored to your business. Start your quote now.
Frequently Asked Questions
Does this insurance cover race cars during a race?
Most policies exclude coverage for damages that occur during competitive events. You may need a separate on-track coverage policy.
Can I insure my tools and equipment stored off-site?
Yes, inland marine coverage can help protect tools, parts, and race vehicles stored or transported off your main premises.
Do I need this insurance if I only race part-time?
Even part-time operations face risks. This coverage can help protect your shop, equipment, and liability exposure year-round.
Is workers’ compensation included?
Workers’ compensation is typically a separate policy but can often be bundled with your business coverage.
What if I transport race cars between events?
Coverage for transport and transit risks can be added through inland marine or commercial auto policies, depending on your needs.
Still have questions? Talk to a local insurance expert.