Car Dealership Insurance in Brigantine Beach, Ventnor City, Margate City and Longport, NJ

Car dealerships have many insurance needs, including:

• The risk of vehicles being stolen from a lot
• Loss of inventory from natural causes (weather, disasters, etc.)
• Damage to customers' vehicles when they're brought in for repair
• Rental vehicles (especially those loaned to customers while their vehicle is in the shop) being damaged or destroyed

None of these costs are minor—the bill for each damaged or lost vehicle can start in the thousands of dollars and can climb rapidly from there. Car dealership insurance offers reimbursement for these expenses when they occur, allowing you to cover your losses and continue operating your business. Many dealerships have already seen the value of this coverage when something goes wrong—especially when the problem was neither foreseeable nor preventable.

Car Dealership Insurance Features

Insurance can turn a crisis into a manageable situation, allowing you to spend more time giving your business the attention it needs to thrive. Be sure to ask an Insurance Agencies Inc. agent about how much car dealership insurance you actually need, and let us know information like:

• How many vehicles are on display in your lot
• What types of vehicles you sell
• What additional services (vehicle repair, new paint jobs, etc.) your dealership offers
• How many employees you have

Our goal is to make sure you're fully protected by the plan you choose, and our talented risk assessors can help you find threats you may not have even realized existed. Reputation is everything in the auto dealership industry, so protect yours with the confidence that comes from being fully insured.

What Insurance Do Car Dealerships Need?

Car dealerships face a distinctive set of risks that require coverage beyond what a standard commercial business policy typically provides. Most dealerships need a combination of coverages that can include garage liability, which addresses bodily injury and property damage arising from dealership operations, as well as dealers open lot coverage for vehicles on the lot that are damaged by weather, theft or other covered events. Depending on the size and scope of the operation, additional coverages such as garage keepers liability for customer vehicles in your care, commercial property, workers compensation and commercial auto may also be part of a well-rounded insurance program for a dealership in Northfield, NJ.

How Much Does Car Dealership Insurance Cost?

Dealership insurance costs vary considerably based on factors like the size of your operation, the volume and value of inventory on your lot, the number of employees you have, your claims history and the specific coverages your business requires. A smaller independent used car dealer will generally have a different premium profile than a large franchise dealership carrying a substantial new vehicle inventory. Because dealership insurance involves multiple coverage components that need to work together, working with an agent in Northfield, NJ who has experience placing commercial coverage for automotive businesses is the most reliable way to get accurate pricing and make sure nothing important is left out of your program.