Owning an auto dealership in California presents many unique challenges. For instance your inventory is most likely much more expensive than businesses in other industries. Protecting your business and property by shielding yourself against liability claims is important and necessary for California car dealers. Coffer Insurance provides quality insurance for auto dealerships in California.
Auto Dealer Insurance Coverage Options
There are plenty of options when it comes to insurance coverage for auto dealers. Although your needs will pertain to your specific business model, some common types of auto insurance for car dealers include:
- Commercial Property
- General Liability
- Workers’ Compensation
- Cyber Liability
You may want to consider additional insurance coverage, as well, depending on your state’s insurance requirements and your specific business and needs. Give us a call to discuss (714) 237-0000
Car Dealership Property and Liability Insurance
If you experience and unexpected disaster like fire, vandalism, or theft, would your vehicles and property be covered? If a customer sued you for damage or injury, would you be protected? Especially for car dealers, the need to make extensive, unexpected repairs or pay for costly legal expenses out-of-pocket can be overwhelming. That’s where commercial property and general liability insurance help protect your auto dealership.
General liability insurance can be designed to protect car dealerships from a range of liability risks, including bodily injury, the damage of customer property, and claims of false advertising, copyright infringement, libel, or slander. It’s important to note, however, that while general liability can protect your assets if a customer accuses you of damaging their property, your own inventory won’t be covered under this policy. To properly protect your lot, including all the equipment and vehicles on it, you should secure a separate commercial property insurance policy based on your unique inventory and risks.
Workers’ Compensation Insurance for Car Dealers
With workers’ compensation insurance, your car dealership can be covered against employee-related, on-the-job accidents. In other words, if an employee suffers an accident while washing one of your vehicles, he or she could receive assistance paying for medical bills, hospital visits, and drug prescriptions. Workers’ compensation can shield your business from shouldering the full cost of a workers’ comp claim, and even compensate an injured employee a portion of his or her lost wages so they can recover and return to work safely. Workers’ comp insurance is required in most states for businesses with employees.
Cyber Liability Insurance for Auto Dealerships
If you’re like most businesses today, chances are you rely on the internet in one way or another. Cloud based applications help you keep track of sales and inventory, accept credit cards, complete customer applications, and store critical data. Cyber liability insurance can safeguard your business by helping you cover some of the costs associated with a cyberattack or data breach, risks that have only grown in frequency and severity in recent years.
How Do I Get California Auto Dealer Insurance?
Protecting your auto dealership is a top priority for California Car Dealers. Having the right insurance that will safeguard your business is crucial. Get the coverage you need to keep your business thriving even in uncertain times.
Coffer Insurance, a top Anaheim insurance agency helps you craft auto dealer insurance policies and coverage to safeguard your business. We work alongside you to find an insurance package & carrier suited to your needs. To learn more about auto dealer insurance coverage available please complete our short contact form or give us a call.