Used auto dealers do not have the same liability coverage needs as either new car dealerships or common retail businesses. It does not make a lot of sense to insure yours with general policies aimed at either of those demographics, and it also does not makes sense to seek out every form of coverage you need separately. That’s where used auto dealer liability insurance shines. It customizes your full range of liability coverage options to suit the volume of business you do and the area where you operate.
What Forms of Liability Coverage Do You Need?
Used auto dealers do need general liability protection, but they also need extended liability coverage in several areas. No one coverage area is particularly rare, but a cost-optimized policy that does not cut corners needs to be suited to your industry and company. These are the common areas where you can package in extended liability protection for used car dealers:
- Garagekeepers coverage
- Inland marine insurance
- Commercial property coverage
- Employee fraud & dishonesty
- Negligent workmanship
- Third-party liability protection
- E&O insurance for auto dealers
- Excess liability
In addition to these types of coverage, many programs also provide several additional types of fraud and crime protection. It’s worth looking around for a comprehensive specialty insurer who has developed a specific used auto dealer liability insurance program.