As an auto dealer, you run a complex operation with unique insurance needs. With a variety of employee types and functions, high-traffic lots and show floors, and a valuable and vulnerable inventory, it’s tricky to try and keep all aspects of your business properly covered at a fair rate.
We connect car dealerships and other garage-based businesses with insurance carriers that understand their industry and specialize in writing the types of coverage they need to keep things running smoothly.
Commercial general liability typically provides coverage in case an injury or damage takes place on a business' property or while a business is operating. For instance, a customer could slip on the floor of your property, or an employee working at someone's home can slip and cause damage.
Employment Practices Liability Insurance typically covers companies from claims by employees alleging such wrongful acts as discrimination, wrongful termination, sexual harassment, and other employment-related issues.
Workers' compensation provides monetary and medical benefits to workers who get injured or disabled during the course of employment. Typically, if an injured employee accepts worker's compensation, they cannot sue the employer.
Garage keeps liability insurance is coverage that commonly protects a customer's vehicle from getting damaged while in a policyholder's custody or care. Damage can happen when a car is getting repaired, washed, towed, parked, and stored.
Garage liability insurance generally covers property damage and bodily injury from garage operations. Examples can include customers being injured while on business grounds, and an employee's theft or vandalism to a customer's car.
The high amount of commercial risk faced by car dealers stems from all of the different aspects of their operation related to sales, inventory management, repair services, and financing. Everything from a garage employee injury to vehicle damage incurred during a test drive may be handled under a different type of coverage.
It’s important to speak to a qualified insurance professional to discuss the details of your auto business and make sure you’re getting the right type of policy. That policy may include these coverages that are often important to dealerships:
To get a better sense of how to best protect your dealership, complete the quote request form today. You’ll get a free consultation and get connected to a carrier that can answer any questions you may have about your insurance.
Something many businesses don't know is that commercial insurance carriers have preferences for which types of businesses they insure.
The problem for most business owners is that they don't know which carrier is the best fit for their business, leading to high premiums or declined applications for coverage .
The 321 LaunchPad is connected to the largest network of commercial insurers available anywhere. We match your business with a qualified insurer so you get the right coverage for a fair price.