Business Details
40 Years
experience
Auto Dealer Insurance & Surety Bonds Experts
Dealers Insurance has specialized in providing tailored insurance solutions for auto dealers since 1986. As an independent agency, we offer competitive products from multiple A-rated carriers, focusing on Garage Liability, Dealer Bonds, Workers' Compensation, and Physical Damage coverage. Our team combines deep industry expertise with personalized service to address the unique risks faced by automotive dealerships. With over 2,000 trusted clients, we prioritize risk management strategies and compliance support to protect both dealerships and their employees.Our commitment to innovation ensures access to cutting-edge tools and partnerships that enhance operational resilience. Backed by decades of experience, we serve as a strategic partner for dealers navigating complex insurance landscapes. Our mission remains to deliver value-driven protection while maintaining transparency and accountability in all client interactions.
Services
Garage Liability
Physical Damage
Workers' Compensation
Dealer Bonds
Risk Management
Surety Bonds
Employment Screening
F&I Products
Details
- Year established: 1986
Highlights and features
- We offer 35+ years of specialized expertise in auto dealer insurance.
- Our independent agency provides access to multiple A-rated carrier options.
- We deliver customized risk management solutions tailored to dealership needs.
- Our team includes former auto industry professionals with firsthand market knowledge.
- We guarantee competitive pricing and dedicated claims support for all policies.
Services
Garage Liability
Garage Liability insurance protects automotive dealerships against bodily injury and property damage claims arising from business operations. This coverage combines premises liability with automobile liability, ensuring compliance with DMV licensing requirements. Our policies address unique risks like incidental medical malpractice and non-owned watercraft liability while offering customizable endorsements for expanded protection.
Physical Damage
Physical Damage coverage safeguards dealers' vehicle inventory against collision, theft, vandalism, and weather-related losses. Available in comprehensive, specified perils, or fire-and-theft options, this policy adapts to regional risk factors. We help dealers navigate deductible structures and reporting requirements to maximize claim settlements while minimizing financial exposure.
Workers' Compensation
Workers' Compensation provides wage replacement and medical benefits for employees injured on the job. We specialize in Florida-specific plans including Paid Loss Retros and Dividend Programs. Our expertise in employee classification helps dealers reduce premiums by 10-20% while maintaining compliance with state regulations and minimizing experience modification factors.
Dealer Bonds
Dealer Bonds ensure compliance with state licensing laws by guaranteeing contractual obligations and ethical business practices. We provide surety solutions that protect against financial losses from dealer misconduct. Our relationships with specialized carriers enable competitive pricing and streamlined approval processes for new and established dealerships.
Risk Management
Risk Management services include policy form analysis, coverage gap identification, and claims process optimization. We offer password-protected resources for dealership decision-makers, focusing on compliance strategies, deductible management, and exposure mitigation tailored to automotive industry challenges.
Questions
What types of insurance do auto dealerships need?
Dealerships require Garage Liability, Physical Damage, Workers' Compensation, and Dealer Bonds. Additional coverage like False Pretense Protection may be recommended based on specific risks.
How do I choose between different policy forms?
Occurrence forms cover incidents during the policy period, while claims-made forms require claims to be reported during the policy term. We help evaluate which form best suits your dealership's risk profile.
What is coinsurance in Physical Damage coverage?
Coinsurance penalties apply when underinsured. If your $200,000 inventory is insured for $100,000, you'd receive only 50% of a claim after deductible, even if the vehicle's value is below your policy limit.
Are weather-related losses covered?
Coverage varies by policy. Comprehensive includes weather protection, while Fire and Theft policies exclude storm damage. Florida dealers should carefully evaluate perils included in their Physical Damage coverage.
How does a Dealer Bond work?
The bond guarantees compliance with state laws and contractual obligations. If a claim occurs, the surety pays the claimant then seeks reimbursement from the dealer. Credit history significantly impacts bond pricing and availability.
