When you also have equipment or operate from an office
All Basic plan benefits and:
Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
A specialized form of insurance policy, Business Owners Policy (BOP) combines Commercial Property and General Liability insurance in one package. This is perfect for small to mid-sized businesses as these packages offer savings over buying them separately. You can also add miscellaneous coverages to streamline your premium even more.
Workers' Compensation insurance protects your employees against employment-related illnesses and injuries. It is a state-mandated program that will pay for medical expenses, rehabilitation fees and lost wages of the employees who have been sick or injured because of their job. In return, they give up the right to sue for employer negligence if these incidents occur.
Every business regardless of its size is a potential target of crime. Crime insurance can help your business survive after a business crime-related loss. It covers the loss due to theft, forgery, funds transfer fraud, computer fraud, credit card fraud, and other related risks.
Product Liability insurance helps cover the cost when the cars you sold provide any damage to your customers, financially or physically. It can also cover for when the product has caused third-party property damage to another. It provides protection against financial loss due to the covered risk.
Most new car dealers think that purchasing insurance is not necessary because the cars are new. What could go wrong? A lot, even for new car dealers. And when something goes wrong with the new car your customer purchased, make sure that you have insurance, to protect your business from the risks. Otherwise, you are responsible for all expenses out of pocket.
New car dealers face the same risks as all other businesses. Below are some examples:
The cost of insurance for car dealers will depend on several factors. Most of the time, insurance companies will determine the cost based on the size of your business, the number of employees you have and the coverage required. To know what is the cost of your insurance policy, apply online to get a free quote or talk directly to our insurance experts.
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