Many race tracks will provide spectator liability coverage. Coverage for damage to actual equipment that is raced is seldom covered. You will want to check with your agent or your racing association for coverage for shop equipment, portable tools, travel trailers and other equipment used to prepare for but not actually used in practice, testing or competition.

Don’t expect your homeowners policy to give you coverage.

Racing repair businesses work on personal property belonging to others. Your business will probably will need to be insured by the individually designed commercial package policy or similar specialty form. Coverage for inventory, repair machinery, property of others, business income coverage after a fire or other covered cause of loss, and premises and products liability coverage can be built into your policy.

Look for a company that will write your size business. Make sure you consider the impact of products liability claims, coverage for goods that you are working on that belong to others whether at your business, in transit, at another processor or at your customer’s location.

You will need workers compensation coverage for any employee – even part timers.

You may need commercial automobile insurance if you deliver anything or if your vehicle is larger than a car, van or small pickup, or if the vehicle is owned by a corporation.

Work on autos will require an Auto Garage liability policy for the on-premises bodily injury and garage-keepers liability coverage to protect you against claims for damage to customer vehicles.

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