Garages + Dealers
Garages + Dealers
When it comes to running a successful garage or dealership, having the right insurance coverage is crucial. Not only does it protect your business from potential liabilities, but it also gives you peace of mind knowing that you’re covered in case of an unexpected event.
Here are some key benefits of having garage and dealers insurance:
- Protection for your inventory of vehicles, parts, and equipment
- Coverage for damage to customer’s vehicles while they’re in your possession
- Liability coverage for third-party injuries or property damage
- Business interruption coverage to help keep your business running in case of a disaster
- Employee coverage for on the job injuries
One interesting fact is that dealers open lot coverage is a must-have coverage for dealerships and garages, it covers your inventory of vehicles while they are on your lot.
It’s also important to note that not all insurance policies are created equal. Be sure to work with an experienced insurance agent who can tailor a policy to meet the specific needs of your business. Whether you’re a small, independent garage or a large dealership with multiple locations, the right insurance coverage can make all the difference.
Another interesting fact is that garage keepers coverage is also available for dealerships that provide storage for customer vehicles, this coverage can provide protection for any damage caused to the stored vehicles while in your possession.
In addition to traditional liability coverage for accidents or injuries that occur on your property, Garage Keepers coverage is a key component of your insurance portfolio. It provides protection for customer vehicles that are in your care, custody, or control. This means that if a customer’s vehicle is damaged or stolen while it is in your possession, your policy will help cover the cost of repairs or replacement.
Not only is Garage Keepers coverage important for protecting your customers’ assets, but it’s also crucial for protecting your business. Without it, you could be held liable for the full cost of damages, which could be financially devastating.
Here are some key benefits of having Garage Keepers coverage as part of your garage liability insurance:
- Protection for customer vehicles: Garage Keepers coverage provides protection for customer vehicles that are in your care, custody, or control.
- Protection for your business: Without Garage Keepers coverage, you could be held liable for the full cost of damages, which could be financially devastating.
- Peace of mind: Knowing that your business is protected against potential damages to customer vehicles can give you peace of mind.
- Compliance: Some states require garages and dealers to have Garage Keepers coverage.
It’s also important to note that Garage Keepers coverage is not automatically included in general liability policies, it should be added as an endorsement to the policy.
Don’t let an accident or mishap ruin your reputation and financial stability. Be sure to talk to your insurance provider about adding Garage Keepers coverage to your garage liability insurance policy.