A crucial business component
As an automobile dealer, many of the risks of your business are obvious — you have valuable assets sitting out in a showroom and on open lots, day and night. But, your exposure as a business owner goes far beyond that.
You need an insurance policy that also considers the liability inherent in doing business, having employees, and the exposure that comes from of hundreds of people visiting your lot each month.
Taking everything into account
Not to mention claims arising from buyers who give (accidentally, or on purpose) false information to secure a vehicle, which can be just as devastating to your business as a theft or damage to your inventory.
Since every dealership is unique, Graham considers all aspects of risk specific to your business to create a comprehensive business policy. You can trust us to make sure you have the right insurance coverage designed to match the individual needs of your business.
What does the policy cover?
A comprehensive auto dealer insurance policy can include coverage such as:
Garage
keepers
Covers damage to autos and property left by customers
Property damage
& bodily injury
Covers possible damage from lot and garage-related operations
Garage-owned
autos
Covering damage to garage-owned autos on the lot or stored
Owned autos
Providing protection for claims arising out of ownership and disagreements
Hired autos
Protect vehicles you or your employee rent or borrow for business purposes
Newly acquired autos
Protect new or additional autos acquired during the policy period.
Non-owned
autos
Cover your partners, employees or members of households using vehicles for your business or personal affairs
Temporary substitute autos
Protect your owned autos in case they are disabled and you must use a temporary vehicle
Optional Coverage
Defective Product and Faulty Work Coverage to protect the products and work performed by your shop should the work or parts result in an accident that causes property damage to your customer’s vehicle (broadened garage liability coverage)
Customer Autos Actual Loss Sustained to cover the amount of the actual loss of a customer’s vehicle, regardless of the dollar limit.
You can save even more by writing this coverage in combination with a business property policy and provide a complete protection package for your business.
We Are Business People, Too
Many auto dealers worry about the cost of their coverage — and at Graham we understand these concerns.
As fellow members of the business community, we recognize the need to get the right coverage at the best possible price
We have policies tailored to meet the needs of new and used car sales dealerships. And we offer an affordable way to eliminate the risks associated with holding an expansive inventory of garaged or open lot vehicles.
The Graham Insurance Difference
While most insurance products are similar in price and function, insurance providers are very different when it comes to structuring a policy that actually covers you.
We’re your neighbors. We protect businesses and people we know and care about, and that means we always look for ways to protect you better, including carefully choosing the insurance companies we represent to be both affordable and responsive.
