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Keep your business running smoothly with dealership insurance.
Whether you sell vehicles or equipment, are a franchise or independent, or specialize in used or new products, your dealership needs an insurance policy that fits its specific needs. It's all too easy to overlook some of the risks for which you need protection.
As a dealership, there are many services you likely provide, no matter the scale of your operations. These may include service repairs for customers' vehicles. In addition, you may allow customers to take test drives or you might test drive vehicles for trade-ins. You also have an inventory of vehicles, parts, and accessories. Each of these services and products you offer should be accounted for when covering your business with insurance.
You don't just need to think about insurance for your premises and stock. You also need to explore whether you face any risks of lawsuits if people suffer injuries or damage from using the equipment or vehicles you sell. If you're dealing with new goods, you may need to protect yourself against the risks of having to recall a particular model.
This helps protect against damage to the visitor's car, including theft or vandalism. For example, if visitors leave their own vehicle on your premises while taking a prospective new vehicle for a test drive or while negotiating a trade-in, you may be legally required to have garagekeepers coverage.
This may help cover the cost of defense if your dealership is sued, and may also help pay for damages that may be awarded to another party. Policies might also cover a range of errors and omissions situations such as title errors, violations of credit or leasing laws, and allegations of negligence in recording a used vehicle's history.
Don't forget to make sure your insurance covers more general business elements such as personal liability for visitors to your premises, workers' compensation for staff, and employment practice liability insurance to cover your business against discrimination claims and other human resources risks.
To find out more about dealership insurance, contact us to go over your business needs and coverage options.
You may think you want the cheapest insurance you can find, but realize you may not be getting everything you bargained for…
While most insurance products are similar in price and function, insurance providers are very different when it comes to structuring a policy that actually covers you.
There’s no such thing as a one-size-fits-all insurance policy when it comes to your business.
We’re your neighbors. We protect businesses and people we know and care about, and that means we always look for ways to protect you better, including carefully choosing the insurance companies we represent to be both affordable and responsive.
Contact us and let the professionals at our company help you forge the strongest shield possible to help you protect the things you are working hard to build.