Dealership Insurance

Keep your business running smoothly with dealership insurance.

Insurance for dealerships of different types and sizes.

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.

Coverage for the vehicles you sell.

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.

What is garagekeepers coverage?

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.

What is dealers errors and omissions liability?

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.

The business side of dealership insurance.

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.