Keep your business running smoothly with dealership insurance.
Insurance for dealerships of different types and sizes.
Regardless of whether you are engaged in the sale of vehicles or equipment, operate as a franchise or an independent entity, or focus on new or used products, it is essential for your dealership to have an insurance policy tailored to its unique requirements. It is quite common to neglect certain risks that necessitate coverage.
Coverage for the vehicles you sell.
. It is essential to consider not only insurance for your property and inventory but also to assess the potential risks of legal action arising from injuries or damages incurred by individuals using the equipment or vehicles you offer. Additionally, if you are handling new products, it may be necessary to safeguard yourself against the liabilities associated with the recall of a specific model.
What is garagekeepers coverage?
This serves to safeguard the visitor's vehicle from potential harm, such as theft or vandalism. For instance, if visitors park their own cars on your property while they test drive a prospective new vehicle or engage in discussions regarding a trade-in, you may be legally obligated to maintain garagekeepers coverage.
What is dealers errors and omissions liability?
This could assist in covering defense expenses in the event that your dealership faces a lawsuit, and it may also contribute to compensating for damages awarded to a third party. Additionally, policies may encompass various scenarios involving errors and omissions, including title inaccuracies, breaches of credit or leasing regulations, and claims of negligence related to the documentation of a used vehicle's history.
The business side of dealership insurance.
It is essential to ensure that your insurance policy encompasses broader business aspects, including personal liability for visitors to your location, workers' compensation for employees, and employment practices liability insurance to protect your business from discrimination claims and various human resources-related risks. For further information regarding dealership insurance, please reach out to us to discuss your business requirements and available coverage options.