Premium Tailored Auto Dealer Liability Insurance

by | Sep 17, 2021 | Automotive

Auto dealers face specific issues. Whether it’s meeting car-buyer demands, matching pace with technology, supporting employee morale or taking care of advertising, there’s a lot to cover. As a result of the business complexity, unforeseen hazards and events can emerge that can also pose a significant financial risk to the business. To protect the company and the business assets, company-specific commercial insurance for auto dealers is essential.

What Is General Liability for Auto Dealers?

General liability insurance covers a broader range of protection against potentially unexpected or unforeseen events. Coverage can be for an injured customer on business property or omissions or errors in vehicle titles.

Depending on the business’s intangible and tangible assets, various types of auto dealer liability insurance plans can make up a policy tailored specifically to the business, whether it’s a franchised new vehicle dealership, non-franchise used vehicle dealer, truck and trailer dealer or RV dealership:

  • Garage Liability – combined general liability insurance and commercial auto insurance covering property damage and bodily injury

  • Dealers Physical Damage – protection against inventory physical damage through such causes as collision, weather, or theft

  • Garage Keepers Liability – protection for an auto dealers’ property against theft, fire, vandalism, or a collision

  • Workers Compensation – a legally required plan, protecting the business by offering coverage for employees injured in the workplace or protection against possible lawsuits

  • Cyber Liability –liability coverage for auto dealers in the instance of a data breach

  • Property Insurance – coverage for damage to another party’s property

  • Employment Practices Liability Insurance – protection against employee claims of legal rights violation, such as breach of contract or wrongful termination

  • Errors and Omissions – coverage against claims of deficient work or professional negligence

  • Crime – coverage for loss of money, assets, or securities as a result of theft, fraud, or dishonesty

  • Bonds – bond insurance serves as reimbursement for car purchasers in the event of dealer misrepresentation, such as an absent record of a previous vehicle wreck or failure to pay vehicle fees

Auto Dealers Insurance Group offers premium auto dealer liability insurance coverage in a range of policy types, from legal liability insurance to cyber liability coverage.

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