Insurance for Other Vehicle Dealers

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Frequently Asked Questions

Why do Vehicle Dealers need insurance?

This industry is made of up of professionals involved in the retailing of new and used vehicles, parts and accessories. Examples include all-terrain vehicle dealers, moped dealers, motorhome dealers, recreational vehicle dealers, golf cart dealers, boat dealers, motorcycle dealers, marine supply dealers, and motorcycle parts and accessories dealers.

Vehicle dealers need insurance to protect the business from risks that could force the business to close. Risks like property damage, medical expenses, and lawsuits could drain your business finances and this is what business insurance aims to prevent. The insurance will pay for the costs of the covered risks up to the limits you select.

What risks do Vehicle Dealers face?

Vehicle dealers face a unique set of risks, here are some examples:

  • A customer complains that the vehicle they bought has malfunctioned, thereby getting involved in an accident and causing the customer to suffer injuries. The customer then sues your business for the damages.

  • Your employee gets sick due to work-related causes. As their employer, your business is responsible for that employee's medical payments.

  • A thief attempts to steal a car from your showroom. You were able to recover the car as you were able to stop the thief in time, however, the stolen car is damaged as a result.

How much does insurance for Vehicle Dealers cost?

There is no fixed cost of insurance for vehicle dealers as insurance companies will determine the cost based on the size of your business, the coverage needed, and how much you are willing to pay for it. If you want to find out the cost of your insurance fast, simply apply online to get a free quote delivered to you in minutes.

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