Why Car Dealerships Need Insurance in California?
Car dealerships handle high-value inventory and face numerous risks daily—from natural disasters damaging cars to accidents during test drives. Insurance acts as a vital safety net, protecting your business from financial losses due to these unforeseen events. It’s not just about compliance; it’s about securing the future of your business and peace of mind for you.
Cost of Insurance
The cost varies based on your dealership size, location, and the coverage types. Small dealerships typically pay less than larger ones. Premiums are influenced by:
- Business location, size and revenue: Number of employees and annual revenue.
- Types of insurance purchased: Additional coverages and endorsements.
- Policy limits and deductibles: Coverage limits and deductibles.
How to Get Insurance
Getting insurance for your car dealership is straightforward. Follow these simple steps to secure coverage:
- Complete a Free Online Application: Provide basic information about your company, such as revenue and the number of employees.
- Compare Insurance Quotes: Review quotes from top-rated insurance companies and choose the policies that best meet your needs.
- Pay for Your Policy and Download a Certificate: Once you’ve selected your coverage, pay for your policy and download your certificate of insurance.