Auto Dealership Insurance
As an auto, truck, or RV dealer, you have some obvious risks, since the value of your business sits vulnerably on display in showrooms and on open lots. But does your Auto Dealership Insurance policy also consider the liability that is inherent in business transactions?
A buyer’s claim that arises from accidental false information can be just as devastating to your business as theft or damage to your inventory.
Environmental exposures encountered at Auto Dealerships can include: leaking grease traps or oil/water separators; leaking underground fuel and waste oil storage tanks and piping; paint residues from the body shop washing into storm drains; poor housekeeping resulting in oil, fuel, parts cleaning solvents and paint being spilled on unpaved areas.
With more dealerships selling on-line, cyber liability and data breach claims become more probable. This coverage is a necessity of the modern business world. If you have a website for your business, then you need to be aware of the liability that comes with it and how to shield yourself from the potential repercussions of that liability.
A comprehensive dealer insurance policy can include coverage such as:
- Theft or damage
- Consumer complaint
- Odometer, truth in lending and title prep errors and omissions
- Drive away collision
- Environmental liability coverage
We also provide necessary property and premise liability with endorsements that include, but are not to limited to:
- Computer coverage
- Employee tools
And in our litigious world we always suggest our clients be mindful of Employment Practices Liability and the need for excess liability in the form of an umbrella. Multi-million-dollar injury awards are becoming commonplace for the Garage Industry. Ask yourself these questions:
Most businesses rely heavily on their heating and cooling systems. Does your current policy pay the repair costs for a breakdown and replacement of goods destroyed as a result?
Do you have enough Business Interruption coverage to maintain the salaries of your key personnel while you re-build your business and resume your operation? Is there enough money for the extra expenses involved with keeping your clients informed of your progress?
What questions keep you awake at night? Can you afford not to explore each of these coverages?
In contrast to many banks and financial services firms that also sell insurance, our single focus is insurance. We use insurance companies with expertise in garage risks, this means claims professionals who possess vast experience in the industry. We are dedicated to resolving your claim quickly and efficiently.
Licensed throughout the United States, we have Workmen’s Compensation specialists using a variety of methods to analyze and reduce risks, helping to make today’s Workmen’s Compensation coverage more affordable—
- Safety program development
- Return to work and absence management
- Ergonomic and industrial hygiene surveys
Auto Dealer Insurance offers auto, truck, and RV dealers an affordable method of eliminating the risks associated with holding an expensive inventory of garaged and open lot vehicles.
Worried about costs? Don’t be. We offer Auto Dealers Insurance with some of the most affordable protection available.
Here are 2 reasons to get started right now!
- With today’s lower inventory levels, you can save money by adjusting your current coverage.
- Using insurance companies with an expertise in dealership risks also includes claims professionals who possess vast experience in the automotive industry.