I need to know on average how much liability, workers comp, and property for an auto shop?

Question

this is for a project for school, im making a buisness plan its for mechanic shop like tire kingdom or jiffy lube all i need is a ball park estimate nothing exact

Answer 1

It really depends where the company is, how much they make a year, and how many employees. OK so I'll give you a basic basic scenario:

two partners own and run the shop with one employee who is male(because it cost more liability and workers comp if you employ women...I know this because I have women employees)

liability coverage for up to 1 million would =$5,000-$18,000 per year

workers comp and disability could be any where from $2,000-10,000 per year

I hope that helps with your project!