This blog post will look at what insurance for car dealerships is, why those in vehicle sales need it and the best way to find and get this type of protection in place. There are so many risk factors involved when running a car dealership, whether it’s a showroom or an auction house. So, let’s discuss these and the benefits of having a suitable insurance policy in place.
What is insurance for car dealerships?
Insurance for vehicle dealerships, also known as car dealers insurance or vehicle sales insurance, is designed to protect auto dealers when they’re selling new or second-hand cars to trade or public. Car dealers insurance is a type of motor trade business insurance that includes special protection elements to cover things like car stock, road risks, tools and equipment, dealer premises and other risk factors likely to impact dealerships and auctions.
Why you should get insurance for car dealerships
Dealerships can easily get caught out by a lack of insurance or gaps in their cover. While most typical motor trade policies offer a number of coverage options, vehicle dealers usually require an extra level of protection that has been customized to their business model. For example, insurance for car dealerships needs to protect their car stock from loss or damage, plus their customers and employees from liability, especially in an environment where vehicles are being manoeuvred.
When allowing customers to test-drive cars is a essential part of day-to-day operations for a car dealership, it may also make sense to take out demonstration cover, goods in transit, loss of income, and other measures that will protect you, your employees and your customers. This is why a specific car dealers insurance policy is the most suitable option.
Where to get an insurance for car dealerships quote
With any type of insurance, it’s important to compare the market to make sure that you are getting the most fitting policy for your requirements, from a reputable insurer and at the best possible price. This can be a very time-consuming mission, not to mention confusing with all the potential add on covers and complex terminology to read through. By using a car dealers insurance broker, you can rest assured knowing that it’s their job to advise you on the best policy to choose for your business and which provider to use for the best price.
1st Choice Insurance are an independent brokerage, which means that we are not tied to any specific insurers or corporations, so you can trust that our advice is completely unbiased. Give us a call on 01743 770 500 and speak to a friendly and experienced member of the team. Let us save you time, hassle & money on your insurance for car dealerships.