We’ve got a wholesale dealer program made just for your business.

Wholesale insurance rates for wholesale dealers.

What does wholesale dealership insurance cover?

While there are subtle differences in the coverage options you’ll need whether you are a wholesaler or retail auto dealership, there are some coverages to consider either way. Known as dealers open lot or dealers physical damage liability insurance, this coverage offers protection for vehicles in your inventory when it comes to collision, loss, theft, and other causes of damage named under your specific policy. Also, consider garage keepers insurance, which provides coverage in the event that a customer’s vehicle or their vehicle is damaged or stolen while under your control and possession. So, if you take a potential trade-in for a test drive, are working on a customer’s vehicle in your shop, or are storing a customer’s vehicle, this coverage comes in handy as a much-needed layer of protection.

I’m a wholesaler, not a retailer do I need the same dealer insurance?

Yes and no. You should not have the same rate as your retail counterparts because wholesale operations are rated differently. Having said that though, some coverages should absolutely be the same and others should certainly be different. So yes, coverages will be similar, but the classification of operations will be different. Talk to our wholesale dealer insurance specialists to go over this with you.

What are the risks of running a wholesale dealership?

First and foremost, because your wholesale dealership has all or most of your inventory at any place at any given time, there are many risks involved. For example, your inventory could be stolen, vandalized, or damaged by weather, while in transit all of which could result in lost revenue or worse if you don’t have coverage. In addition, your employees can take actions that could cost you. For instance, an employee or contract driver could steal a vehicle or other property from the dealership or use company credit cards for personal purchases. You should consider these risk factors when developing your insurance policy.

Do wholesale dealers need dealers open lot coverage?

Just because you’re a wholesaler doesn’t mean you don’t have the risk of vehicle loss. Your business relies on the inventory you have in the custody of contracted drivers, so protecting it is vital. Also known as dealers physical damage liability insurance, it helps protect your inventory from damages caused by named perils under your specific policy.

Do you need garage keepers insurance?

If your dealership takes your customers’ vehicles under your care, custody, and control, you need this coverage in the event that their ride is stolen or damaged.

The business side of your day-to-day operations.

While your business may be in a unique space, the insurance coverages you need to safeguard your business aren’t. For instance, workers’ compensation insurance offers coverage to your employees should they become injured while on the job. Commercial property insurance helps protect the buildings and assets on your property, making it an important coverage to have. And finally, cyber liability insurance is a must if you store customer information on your computer systems, which could turn into a lawsuit if that data is stolen.

Wholesale Dealership Insurance Premier Program, Who Qualifies?

Wholesale Dealer Program Highlights and Options

Don’t forget to cover your customer’s vehicles when they are in your care, custody, or control! Ask about Garagekeepers Insurance to better protect your business!

Choose Ellie Insurance Group for your wholesale dealer liability insurance.

Don’t let wholesale dealership insurance get complicated use our seasoned garage agents who are trained and licensed to make sure your shop or dealership is properly covered. Work with our experienced team to make sure that you get the protection you need at a great rate. Ready to get an exceptional wholesale insurance quote with our premier program? Call us for a quote at 813-582-5215.