What is Car Dealership Insurance?
Car dealers range in size from small, local traders selling used cars to national franchises selling both new and used vehicles. No matter what the size of your business is, you’ve got investment in vehicles, property and staff to protect.
Car dealer’s insurance is designed to look after these interests, providing levels of cover to fit the values of your stock, buildings, tools, equipment, machinery and more. Liability insurances can also be included, with a range of optional covers dependent on the needs of your business.
Allowing potential buyers to test-drive your vehicles, we recommend Accompanied Demonstration Cover, together with if you have employees you’ll need to consider employers liability insurance. You’ll also need public liability insurance so that the people who visit the car dealership are covered in case of any accidents.
Our car dealership insurance can protect your vehicle stock, premises, tools and machinery with fixtures and fittings too.
What cover do Car Dealerships have?
Typically, car dealerships will have a combination of the above covers. No two dealers are the same, though, so it’s important to make sure your insurance cover is reviewed as you may be missing out on necessary cover.
For larger businesses, our motor trade account managers can visit you to speak in detail about your needs, while smaller businesses can rely on our team of motor trade advisers for help and assistance.
What do new car dealers need to insure?
New car dealers are no different to dealers who have been around for years; everybody needs insurance.
If you trade vehicles without premises, you will need road risks cover as a minimum, building up to traders combined cover if you have business premises to insure, including some (or all) of the individual covers listed above.
In addition, Gallagher offers tailored risk management solutions if required.
For specialist advice and assistance in getting suitable car dealer insurance, contact us on 01625 854443 or request a quote online.
Our traders insurance offers:
Typical covers that are essential for car dealerships can include:
- Road risks cover – necessary for any vehicles connected to your business which you or your customers will be driving on the road. Comprehensive cover is recommended for dealerships, with accompanied demonstration cover required for customers to carry out test drives under your supervision.
- Stock of vehicles cover – to cover the trade value of your stock against loss or damage. Cover can be provided for a wide range of vehicles.
- Buildings and contents cover – to cover physical premises (whether you lease or own them) and internal contents including money, tools and equipment.
- Public liability insurance and employers’ liability insurance – to assist you should a claim be made by a member of the public for alleged injury or damage to their property, or if an employee makes an injury claim connected to your business.