What Types of Insurance Does an Auto Dealer Need? 

Insurance is essential for many auto dealers in Georgia to help address various risks and responsibilities. Our team at Tidwell and Hilburn Insurance, Inc. can review your exposures and help you identify suitable insurance options.

Essential Insurance for Georgia Auto Dealers

Auto dealerships need insurance policies aligned with their day-to-day operations. Below are some coverages commonly considered:

• Garage liability insurance—This core policy combines aspects of general liability and auto liability coverage. It can address claims involving bodily injury or property damage that may occur on your premises or as a result of dealership activities, including test drives or repair services.
• Dealer open lot insurance—Vehicle inventory represents a major financial investment. Dealer open lot coverage may cover new and used vehicles against risks such as theft, vandalism, fire and severe weather damage while vehicles are on the lot or being transported.
• Garagekeepers insurance—Dealerships that provide repair or maintenance services often carry garagekeepers insurance. This may cover damage to customer vehicles while they are in your care, custody or control, including vehicles in service bays or parking areas.
• Workers’ compensation insurance—This type of insurance may help pay medical costs and a portion of lost wages when an employee experiences a work-related injury or illness.
• Dealer bonds—A dealer bond is a surety bond required by the state of Georgia as part of dealer licensing. It may provide financial recourse for customers and the state if a dealership fails to comply with applicable regulations.

Additional Coverage to Consider

Depending on your business needs, our agents may recommend the following:

• Commercial property insurance for buildings, signage and equipment
• Cyber liability insurance for data breach and cyber incident expenses
• Employment practices liability insurance for claims involving hiring, termination or workplace conduct

Speak to An Agent Near You

Our team at Tidwell and Hilburn Insurance, Inc. can help review your exposures, recommend the right coverages and help customize your policy. Contact us today to learn more.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.