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Auto & Truck Dealer Insurance
Insurance Solutions for Auto Dealers, Truck Dealers, and Commercial Vehicle Dealers — tailored to how your business actually operates.
Auto and truck dealers face a combination of property, liability, inventory, test drive, service department, employee, cyber, and customer-related risks. Whether you operate an independent auto dealership, truck dealership, used vehicle lot, commercial vehicle sales operation, or dealership service department, your insurance program should reflect how your business operates. Foray Insurance Group LLC helps auto and truck dealers evaluate insurance options across all aspects of dealership operations.
Who We Help
Foray Insurance Group can help review insurance options for a wide range of dealership types and related businesses.
Independent & Used Auto Dealers
  • Independent auto dealers
  • Used car dealers
  • Auto sales businesses
  • Specialty vehicle dealers
Truck & Commercial Dealers
  • Truck dealers
  • Commercial vehicle dealers
  • Medium-duty and heavy-duty truck dealers
  • Trailer dealers
Fleet & Network Operations
  • Fleet vehicle dealers
  • Dealer networks and related businesses
  • Dealership service departments
  • Dealership repair operations
Coverage Options for Auto and Truck Dealers
A comprehensive dealer insurance program typically draws from multiple coverage lines. Below are the key options dealerships should consider reviewing.
Garage Liability Insurance
Can help protect dealership operations from certain liability claims involving business operations, customer interactions, test drives, and premises-related exposures.
Dealer Open Lot Coverage
Can help protect dealership vehicle inventory from certain covered losses such as collision, theft, fire, vandalism, hail, wind, and other risks depending on policy terms.
Garagekeepers Coverage
Can help protect customer vehicles left in the dealership's care, custody, or control for service, repair, storage, or other covered reasons.
Commercial Property Insurance
Can help protect dealership buildings, office contents, parts inventory, equipment, tools, furniture, fixtures, signs, and tenant improvements from certain covered losses.
Commercial Auto Insurance
May be needed for vehicles owned, operated, loaned, delivered, or used by the dealership. Coverage should be reviewed based on vehicle use, employees, dealer plates, and business operations.
Workers Compensation Insurance
Can help provide benefits for employees injured or who become ill due to work-related causes. Dealerships with sales staff, service technicians, drivers, lot attendants, or office staff should review state requirements.
Cyber Liability Insurance
Dealerships may handle customer financial information, credit applications, driver information, lender documents, and payment data. Cyber coverage can help address data breaches, ransomware, and privacy incidents.
Employment Practices Liability
Can help protect against certain employment-related claims involving discrimination, harassment, wrongful termination, and related allegations.
Crime & Employee Dishonesty
Can help address certain losses involving theft, forgery, fraud, employee dishonesty, and related crime exposures at the dealership.
Commercial Umbrella or Excess Liability
Can provide additional liability limits above certain underlying policies. Dealerships may need higher limits because of customer traffic, vehicle operations, inventory values, and contract requirements.
Business Income Insurance
Business income coverage may help replace lost income after a covered property loss disrupts dealership operations, helping the business manage ongoing expenses during recovery.
Common Dealer Insurance Challenges
Dealership operations involve a unique set of exposures that require careful review. These are some of the most common challenges dealers face when evaluating their insurance programs.
Inventory Values
Vehicle inventory can fluctuate throughout the year. Dealer open lot limits should be reviewed based on peak inventory values, average inventory, financed inventory, and seasonal changes.
Test Drives
Test drives create liability exposure. Dealerships should review how employees, customers, and prospective buyers are covered when operating dealership vehicles.
Dealer Plates
Dealer plates can create coverage and compliance issues if not handled properly. Usage rules, employee access, and vehicle classifications should all be reviewed.
Service Department Exposure
Repair and maintenance operations create additional risks involving customer vehicles, parts, workmanship, tools, employees, lifts, and garagekeepers exposure.
Lender & Floorplan Requirements
Dealership lenders, floorplan providers, landlords, and manufacturers may require specific insurance limits, loss payee language, certificates of insurance, and coverage terms.
Customer Data
Dealerships often collect sensitive customer data during financing, sales, and service transactions. Cyber liability and internal data controls should be reviewed carefully.
Employees & Drivers
Sales staff, service employees, porters, delivery drivers, and other employees may operate vehicles. Driver review and acceptable use procedures can be important to underwriting.
Insurance for Dealership Customers
In addition to helping dealerships review their own insurance needs, Foray Insurance Group may also be able to help dealership customers evaluate insurance options after purchasing a vehicle. This can create an added service opportunity for dealerships that want to connect customers with an independent insurance resource.
Customer coverage needs may include:
Personal Lines
  • Personal auto insurance
  • Non-standard auto insurance
  • SR-22 filings
  • Classic or specialty vehicle coverage
  • Umbrella insurance
Commercial Lines
  • Commercial auto insurance
  • Commercial trucking insurance
  • Fleet insurance
  • Business insurance for vehicle-based businesses
Information Helpful for a Quote Review
To review auto or truck dealer insurance options, it is helpful to gather the following information in advance. Having these details ready can help streamline the review process.
01
Business name and address
02
Years in business
03
Type of vehicles sold
04
Average and maximum inventory values
05
Number of dealer plates
06
Sales revenue and payroll estimate
07
Number of employees
08
Service department details
09
Repair or body shop operations if applicable
01
Building and property values
02
Floorplan or lender insurance requirements
03
Current insurance policy if available
04
Prior loss history if available
05
Driver information if requested
Related Coverages
Foray Insurance Group can help auto and truck dealers review a broad range of coverage options. Explore the related coverage lines most relevant to dealership operations.
Garage Liability Insurance
Dealer Open Lot Coverage
Garagekeepers Coverage
Commercial Property Insurance
Commercial Auto Insurance
Workers Compensation
Cyber Liability
Commercial Trucking Insurance
Business Owners Policy
Ready to Review Your Insurance Options?
Whether you own rental property, manage a business, serve clients as a referral partner, or need personal insurance guidance, Foray Insurance Group is ready to help.
Contact Information
Foray Insurance Group LLC
Independent Insurance Agency
Foray Insurance Group LLC
Independent Insurance Agency
Illinois
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Foray Insurance Group LLC is an independent insurance agency. Insurance products are subject to carrier availability, underwriting approval, policy terms, conditions, and exclusions.