The insurance market for garage businesses is constantly evolving. New policy terms, rising or fluctuating premiums, and changes in the services provided by insurers mean that today’s coverage is not automatically future-proof. For entrepreneurs in the automotive sector, it is therefore essential to regularly and critically evaluate their insurance portfolio.
Garages operate in a dynamic environment where risks are constantly changing. Consider workshop activities, test drives with customer vehicles, commercial stock, liability, and the increasing complexity of modern vehicles. Technological developments, such as electric cars and advanced driver assistance systems, also bring new risks that are not always included as standard in existing policies.
“In a period of rapid change in the insurance market, independent advice is more important than ever,” states Den Hartigh Adviesgroep. “We see that entrepreneurs who actively manage their insurance are better prepared for risks and often benefit from more competitive terms.”
— Management response
Does your insurance still align with current developments?
According to Den Hartigh Adviesgroep, it is therefore important that garage owners do not simply rely on their current insurance, but actively check whether it still aligns with their daily practice and future developments. “A policy that was a perfect fit a few years ago may now fall short due to changes in the market or within the company itself,” says Den Hartigh Adviesgroep.
In addition, many entrepreneurs are seeing insurers adjust their acceptance policies and conditions. This can have consequences for coverage, deductibles, and premiums. By conducting timely assessments and comparing different providers, garages can not only cover risks better but also optimize costs.
Ensure continuity within your business
Den Hartigh Adviesgroep advises entrepreneurs to have their policy reviewed periodically—for example, annually—by an independent specialist. This provides insight into whether the current insurance is still appropriate and where potential improvements can be made. This helps to prevent surprises in the event of a claim and ensures continuity within the company.
Garages that have questions about their current policy or are curious about alternatives can request a no-obligation consultation to map out their situation and receive targeted advice.
“We notice that many garages think their insurance is 'probably fine,' while significant gaps often arise due to changes in their business operations or in the market,”
— Management's comment
About Den Hartigh Adviesgroep
Den Hartigh Adviesgroep has been a renowned consultancy firm since 1916, supporting businesses and individuals with strategic and financial matters. The organization is known for its customer-oriented approach and broad expertise in the field of (Inland) Marine, High-Net-Worth and Film & Events.
For more information
Erik van der Kooij
Marketing/PR Manager
Den Hartigh Adviesgroep
078 676 9000
marketing@denhartigh.nl