Your insurance bill went up again, and you're not sure if it's normal or if you're overpaying. Here's how Nolavi works through it, the same way a good mechanic works on a car: find the concern, the cause, the correction, then verify the fix.
Nate's insurance renew came in at $18,400 a year, up $3,200 from the year before. He didn't know if that was high for a five bay shop or not, and he had no way to see how it affected what he needed to charge per hour.
Nolavi pulled his last three years of insurance bills and compared them to his revenue and number of bays. His general liability and garagekeepers premiums had both increased, and one of his policies had duplicate coverage with another. His labor rate hadn't changed to match the higher cost.
Nolavi logged the new annual cost and recalculated the labor rate he needed to hit his profit goal. It flagged the duplicate coverage so he could ask his broker. The labor rate health check showed him exactly where he stood against his cost every week, not just at renewal time.
He removed the duplicate coverage and saved $1,100. His new labor rate of $149 was still below the area average. Parts profit and payroll held. Net profit rose from 9% to 12% over the next quarter.
How we work. We make changes like this for shops all the time, using each shop's own data. The numbers shown are examples.
Auto repair shop coaching from your own numbers. Nolavi sends a plain report every Monday with the moves worth making next. See how it works
A five bay independent shop typically pays $12,000 to $25,000 a year for general liability and garagekeepers combined. The range is wide because it depends on revenue, location, claims history and how many vehicles you work on. The number matters most when you use it to set your labor rate.
At minimum: general liability, garagekeepers liability (for customer vehicles in your care), and workers compensation. Many shops add commercial property and a business owners policy. Nolavi tracks each one as a bill and feeds the cost into your labor rate calculation automatically.
Open the demo and find this kind of problem in a minute. Or book your 14 day free trial: it starts with a quick call, and we set it all up and fit it to your shop.
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