Capricorn is offering a range of risk protection options designed exclusively to meet the unique needs of automotive businesses.
According to Capricorn, general business, equipment and personal insurance products found in the market are general in nature and do not consider the intricacies of the automotive repair industry. The company said automotive repair and service businesses require constant equipment and technology upgrades to remain competitive. Few other businesses have this requirement.
“Having been involved exclusively in the automotive aftermarket industry for decades, we do have a far better understanding of the risk protection cover that our members need,” said Jim Glossat, CEO of Capricorn Risk Services. “This has enabled us to structure custom-made protection that ensures the strongest possible cover when it is needed.
“Being a mutual, whereby Capricorn members are the owners of the business as well as its customers, means that we can focus solely on our purpose, which is to support our members in their greatest times of need, without having to worry about external investors wanting their share of the profits,” Glossat said.
“Any profits earned are invested back into the business in the form of additional products and improved pricing to ensure our mutual provides a product that Capricorn members need at a highly competitive price.”
An additional benefit for Capricorn’s 25,000 plus members is that all payments for CML protection are made through the Capricorn Trade Account, thereby earning rewards points.