Commercial Insurance for Used Car Dealer in Indiana
Do you own an auto dealership in Indiana? If so, commercial insurance is a must. From protecting your business from liability issues to covering the physical property and merchandise of your auto dealership, commercial insurance can help you rest easy knowing your livelihood is safe.
At Insured ASAP, we understand that there are specific auto dealer insurance requirements to legally operate a commercial auto dealership in Indiana. These commercial insurance policies can range from protecting your business and property against theft, vandalism, fire damage, or flood to covering your employees in case of an accident or illness.
Our experienced team of insurance professionals is always available to help you understand the commercial insurance requirements for Indiana and how to select the right policy for your auto dealership.
Trust Insured ASAP for Your Used Car Dealer Insurance in Indiana
At Insured ASAP, we understand the commercial auto insurance industry. We have access to multiple carriers, so you always get the best rate available.
Our team of insurance experts understands the commercial insurance requirements in Indiana. In addition, we offer competitive and affordable insurance policies tailored to meet the commercial insurance needs of used car dealerships. Plus, our online platform makes it fast and easy to find the coverage you need for your auto dealership.
So, please don’t wait another minute to get the insurance coverage you need for your vehicle dealership in Indiana. Instead, call us at 708-233-4848 or fill out our online form to get your commercial insurance quote and start protecting your livelihood.
What Insurance Coverage Does a Used Car Dealership Need?
Commercial insurance is a must when you’re an auto dealership in Indiana, and it’s necessary to have the proper coverage in place.
At Insured ASAP, we can provide you with commercial insurance coverage for your used car dealership, including the following type:
General Liability Insurance
This insurance policy protects against liability claims, such as bodily injury and property damage. It can also cover the costs of legal defense and judgments awarded by the court. In addition, this commercial coverage can help you pay for medical expenses if someone gets injured on your property.
Auto Dealers Garage Liability
This policy combines the two types of liability protection – General Liability and Auto Liability – that commercial auto dealerships need to operate legally. Our commercial auto dealers for garage liability insurance offer coverages including the following:
- Bodily Injury
- Medical Payments
- Property Damage
- Underinsured Motorists
- Uninsured Motorists
Dealers Open Lot
Used car dealerships in Indiana need commercial insurance coverage to protect their inventory from physical damage and losses due to fraud. Dealers’ open lot insurance is the most common form of commercial auto dealer coverage. It covers your dealership’s property, such as your vehicle inventory.
False pretense insurance is an additional coverage option that protects losses caused by fraud. We can add it to your policy for extra security. Plus, open lot insurance is typically a requirement if you sell higher-value vehicles or have a floor plan or inventory financing.
Dealer’s Physical Damage
This coverage protects your property, such as your vehicles and equipment, from physical damage and losses, including fire, theft, vandalism, hail, and windstorms. So, at Insured ASAP, we offer commercial physical damage insurance for used car dealers in Indiana.
Suppose you have commercial vehicles or equipment that need protection against such perils. In that case, physical damage insurance is necessary.
No commercial insurance policy is complete without commercial workers’ compensation coverage. This commercial policy protects against employee injuries and illnesses that may occur during their employment at your business.
In addition, workers’ compensation can help to cover medical expenses, lost wages, disability payments, and death benefits for employees in need of this while on the job.
Indiana Auto Dealer Insurance Requirements
In order to obtain a license from the Indiana Secretary of State, Auto Dealer Services Division, commercial liability insurance is required. In Indiana, auto dealerships must carry commercial insurance. The commercial policy must include the following minimums:
- Bodily Injury to one (1) person: $100,000
- Per accident: $300,000
- Property Damage: $50,000
At Insured ASAP, we strive to dedicate ourselves to providing commercial insurance for used car dealerships in Indiana that meets or exceeds the state’s commercial insurance requirements.
Get a Free Quote Today
Our insurance specialists have years of experience in commercial policies for used auto dealerships throughout Indiana. We have the coverage you need, from property damage to worker’s compensation.
Get a free insurance quote today by calling our office at 708-233-4848 or filling out the form online. Let us help you find the right commercial insurance coverage to protect your used car dealership.