From newly franchised auto dealerships to brake repair shops, automotive businesses face a myriad of potential risk situations. The coverages available for the automotive business are daunting, and it takes an experienced agent to piece together the puzzle that fits your unique risk and manage auto dealers insurance.
Swingle Collins & Associates insures some of the longest tenured auto dealerships in North Texas, both single and multiple location groups, as well as many of the related auto service companies. We provide a sound risk management approach for auto dealers/services insurance that helps locate potential problems before they become serious claims.
Those involved in automotive-related industries have a unique set of risks that can easily go uncovered. From service station bays, expansive window and sign displays, diagnostic computer equipment, all the way down to mechanic’s tools, there can be huge property schedules subject to common exposures as well as more specific threats such as machinery breakdown. Alongside the property risks, the Garage Liability stands out as another coverage that should be chosen with an experienced hand.
More and more, dealers are being held responsible for a variety of statute related laws such as damage disclosure, odometer tampering, truth-in-lending and truth-in-leasing. There are many potential errors & omissions exposures and many moving pieces that are involved in dealership activities. Examples are open lots, showrooms, servicing areas, parking lots and customer interaction. Pollution exposures have also become one of the biggest areas of concern looking forward. Federal, state, and local regulations related to pollutants continue to expand while the typical insurance policy coverage in these areas continues to narrow.
No two auto dealers or service stations are the same and these are just a few general items out of our more comprehensive auto dealer/service insurance program that we are able to tailor to each individual operation’s needs. Swingle Collins & Associates will take the time to understand what your operations need and value, so that we can build the right insurance program for you.
