Garage liability insurance included in a more detailed commercial insurance coverage option that is ideal for small businesses like yours. A business owner garage insurance policy provides you with specific types of protection for your tangible and intangible business assets. You can tailor the coverage options in a BOP to meet your auto dealership needs.
Garage Liability – Protect the dealership from any claims that arises from auto accidents of any vehicle that is owned by the dealership.
Dealer Open Lot Insurance – DOL insurance cover the dealership inventory from any losses such as collision, theft, fire, vandalism, flood, wind, hail, etc..
Garage Keeper Insurance – this type of coverage is optional and it covers clients vehicles while in the dealership possession for any reason such as mechanical work.
Buildings and Contents – The dealership showroom and your company offices are critical to the success of your business. Garage & Dealer open lot insurance protects you from the loss of the actual building, outdoor assets such as your vehicle inventory, and inside assets such as the office furniture and décor.
Business Income and Extra Expense – When disaster strikes it may cause enough damage that you are forced to conduct business in a temporary location. Sometimes you must close your dealership completely until repairs can be made. A BOP can provide for lost income and temporary extra expenses when events like this arise.
Products and Completed Operations (Included in General Liability) – Even though you are not the manufacturer of the vehicles you sell, you can still be liable for damages or harm caused to your customers from the vehicles you sold at your dealership.
Newly Acquired or Constructed Buildings – If you build a new showroom or buy another location to expand your business, a BOP can protect those new structures for a specified time without additional premiums.
Employee Dishonesty Coverage – Employee dishonesty accounts for as much as $400 billion in lost annual revenue for small businesses. Dishonest actions can include theft of physical property from the premises, unauthorized use of company credit cards and computer fraud.
Auto Dealer Coverage options:
Auto inventory and garage keepers
Employment practices liability
Errors & omissions
For more information contact one of our agents 800-374-9227 or apply online for a free quote