Introduction For used car dealers, navigating the world of insurance is paramount. The automotive industry comes with its own set of risks and liabilities, making comprehensive coverage essential. Understanding the nuances of insurance, including garage liability, dealer plate insurance, and associated costs, is crucial for protecting your dealership and ensuring its longevity. What is Garage […]
As a car dealership, protecting your assets and ensuring the safety of your employees and customers is a top priority. Car dealership insurance is an important investment to help you achieve this goal, but many dealership owners wonder how much it will cost. In this article, we’ll explore the factors that impact the cost of
What is Car Dealership Insurance? Car dealership insurance is a type of insurance that specifically covers automobile dealerships and the vehicles they sell. This insurance provides coverage for various types of losses that may occur during the course of operating a dealership, including theft, damage, and liability claims. The coverage options in a car dealership
As an auto dealership owner, you know it isn’t a matter of whether there will be an insurance claim or when. It’s how many. Operating a dealership comes with a lot of varied risks. Injury is one of the most common insurance claims for dealerships with an onsite service center. The 9,460 automotive service worker
Did you know that there can be accidents even in a car wash? You can end up facing personal injury claims for exterior or interior damage to customers’ cars. You may need to pay for undercarriage, wheel damage, or personal injuries. Are you a company that keeps customers’ vehicles and goods under your care, custody, or possession? If yes,
There are roughly 18,500 car crashes each day in the US. Almost anybody can recall a time when they or somebody they know got into a wreck. Although many people think of their vehicle as a safe place, it’s a lot more dangerous than they believe. The threat posed by vehicles doesn’t only exist on the road.
Did you know that are about 16,658 used car dealerships in the US? In 2021, they sold about 8.3 million used cars and more than 136 million repair orders. As a used auto dealership, your inventory of used cars is your business. If something unexpected were to happen to your inventory, it could lead to financial insolvency.
Cyber attacks are on the rise and your dealership is at risk. The internet has made it easier than ever for hackers to access sensitive information about you, your customers, and your business. You need cyber insurance now more than ever before! We’ve created a list of 6 reasons why every auto dealer needs cyber
The cost to benefits ratio of insurance can’t be ignored. Its short-term payments protect you from the long-term, potential business-ending expenses of everything from natural disasters to civil fines. Local auto dealers have expensive and vulnerable inventory. If you own an uninsured dealership, you’re responsible for paying any damages related to your cars, customers, and regulation
Consumers’ intent to buy new and used cars is close to pre-COVID-19 levels. After challenging conditions recently for your auto dealership, you need every possible advantage. Have you evaluated your dealership’s insurance lately? Auto dealers have different insurance needs than other businesses. The right insurance coverage can benefit your business in many ways. Find out more about