Getting insurance is a must when you own a dealership. Running a shop isn’t easy. Whether you sell used car parts or provide service and maintenance services, you’ll need to deliver what your customers want while protecting your investment. That’s where insurance comes in. You’ll need the following if you own an auto dealership.
Auto Dealers Workers’ Comp
Protect your staff. With an auto dealer insurance product like workers’ compensation, you won’t have to worry about your staff. If they get ill or hurt while they’re on the job, you know that their needs will be covered. Learn more about the features of the product. Does it offer medical care coverage, first aid treatment, temporary disability, permanent disability, and death benefits? Find out.
Garage Keepers Liability Insurance
Do you have customer vehicles on your lot? The thought of any of those vehicles being damaged or stolen might keep you awake at night. One way to eliminate all your worries is to get garage keepers liability insurance. That’s one way to make sure your customers’ vehicles are protected.
Garage Liability Cost
This covers the cost of any third party that might sustain any damage. The insurance product covers auto dealers in case a car or property is damaged. This may happen accidentally during a test drive.
Dealers Physical Damage Insurance
This insurance offers physical damage coverage: collision coverage and other coverage than collision.
Choosing an Insurance Product
These are just some of the insurance products you’ll need if you want to protect your business. Whether you have a franchised dealership, a non-franchised one, a dealership that sells trucks and trailers, an RV dealership, or a used car dealership, you’ll need to determine which of these options address your needs. That way, you’ll know which one is essential to your auto dealership.
