What is New & Used Auto Dealer Insurance?
Running an auto dealership can be a profitable endeavor, but these businesses are exposed to a variety of risks. New & used auto dealer insurance can help protect Vermont dealerships from many of the property and liability risks they face.
New & used auto dealer insurance is a specialized commercial insurance that’s tailored to meet the needs of dealerships. Because dealerships face multiple risks, most of these policies come as package policies that have multiple coverages within them. Dealerships can usually choose the exact combination of coverages that they want in their policy.
What Vermont Businesses Need Auto Dealer Insurance?
Vermont automotive dealerships generally need auto dealer insurance. This includes both new dealerships and used ones, and similar policies typically can meet the needs of both. Moreover, insurance is normally needed regardless of whether a dealership has passenger, recreational or commercial vehicles.
Not insuring a dealership at least leaves it exposed to potentially costly risks. It could also leave the dealership exposed to potential legal consequences.