Insurance for Parking Lots and Garages

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  • Get a fast, free quote for your parking lot insurance today

  • Insurance that lets you focus more on your bottom line

  • Low-cost insurance that offers unique coverage to a parking lot business

  • Keep your profits flowing, we'll take care of the rest

Coverage Plans for All Your Needs


Essential coverages to meet client demands

General Liability (GL)

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  • Coverage against claims from bodily injury, property damage and personal injury
  • Coverage for products/completed operations


When you also have equipment or operate from a garage

General Liability + Property (bundle them with a BOP)

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All Basic plan benefits and:

  • Bodily injury
  • Damage to third party property
  • Business personal property
  • Personal injury
  • Lost business income
  • Equipment breakdown

Optional: Garage Keepers Liability


Get protected against employment-related issues

Business Owners Policy (BOP) + Garage Keepers Liability

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All Standard plan benefits and:

  • Coverage for theft and damage for customers' vehicles


When you have specific requirements

Including Commercial Auto, Professional Liability, etc.

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We will take care of the switching hassle.

Call us at (646) 844-9933 for help and more information

We've Got You Covered with Coverage You Need

Parking lots and garages keep people’s cars in their care and custody on a daily basis, with great financial risk. At any time a collision could cause a loss that the company is potentially liable for. There is also the need to maintain your garage or lot and to mitigate the risk a disaster will wipe at your customer's property. Insurance is the most effective way to transfer this risk, although you must also maintain reasonable business practices to manager this risk as well.

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Frequently Asked Questions

What does bailment for a parking lot or garage mean?

When a customer parks in your parking lot or garage, a bailment is in progress. Bailment is the legal relationship where the bailor (owner of the car) transfers physical possession of the car to another person or entity or the bailee (parking lot or garage). When the car is parked in your parking lot or garage, the bailee is responsible for loss or damage of the car.

What risks could a parking lot or garage could face?

Parking lots and garages are often overlooked by property owners. Often, parking lot owners don't have security inside which leaves it open many liability risks. Most of these are due to the lack of security and not properly protecting employees and customers. This makes parking lots and garages prone to criminal activity. In fact, roughly 80 percent of criminal acts occur in parking lots and garages. Many assaults or other crimes are committed when people are getting in and out of their vehicles.

How can I reduce my risks in my parking garage?

Make sure to have adequate lighting in your parking lot or garage and enough security and surveillance that your customers will feel safe. Protect your parking lot business from hazards like traffic accidents and slips and falls by using prominent signage that is easy to remember. Keep the place clean, as an unkept or dirty appearance makes it vulnerable to offenders as they think that your parking lot is unattended.

A Garage Liability insurance provides more specific liability coverages for a garage. What are these?

Garage Liability insurance protects your business from the outcomes that could arise as a result of theft, property damage and physical injury in your garage. It does not cover accidents and damage to cars that have been brought to your garage, as there is a separate insurance for that, but it covers the vehicles that your business owns.

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CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.

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