Alabama Garage Liability Insurance

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Alabama Garage Liability Insurance

Barbee Jackson Insurance is Alabama’s leading provider of Garage Liability Insurance helping hundreds of dealers and repair shops find the coverage they need at a price they can afford. We work with all the leading Garage Liability Insurance carriers to provide our clients outstanding coverage options, fast and easy claims handling, and the expert advice you’ve been looking for in an insurance agency. Call us today to get started (850) 389-2001.

Program Eligibility – Auto Dealers & Repair Shops

  • Franchised Dealers | Sales & Service
  • Non-Franchised Dealers | Sales & Service
  • Collision Centers
  • Auto Repair Shops
  • All Other types of repair facilities
  • Detailers

Alabama Dealer Garage Liability & Bond Requirements

Alabama requires all licensed dealerships to carry a Surety Bond, also referred to as a Dealer Bond, in the amount of $50,000 and a Garage Liability policy with limits of $75,000. Garage Liability coverage is split into two limits, Auto and Other than Auto.

Auto means liability in the event of an auto accident that you are found legally liable. This provides property damage and bodily injury coverage for others. This coverage is liability for others only and does not provide coverage for physical damage to your vehicle.

Other than Auto is the lot liability limits. This provides coverage in the event of a slip and fall.

Dealership Insurance – Coverage Options

Blanket Dealer Open Lot

Provides physical damage coverage to your new and used inventory

Garage Keepers
Protects customers vehicles while you are in care, custody, and control
Commercial Auto
Coverage for scheduled business autos owned by the dealership
Business Interruption
Protects your business from loss of income from a covered loss
Workers Compensation

Wage replacement and medical benefits to an employee that was injured on the job

Errors and Omissions
Protects your business from claims caused by negligent acts, errors or omissions
Truth in Lending
Pays for damages resulting from an insured failing to complete the loan paperwork correctly causing a different term rate
Odometer & Prior Damage

Payment of defense costs may be provided if a suit is made pertaining to odometer reading or damage disclosures

False Pretense

Protects against losses due to voluntarily parting with a vehicle if induced to by any fraudulent act

 

Repair Shop, Collision Centers, and Detailers

The State of Alabama requires these types of facilities to carry $75,000 in Garage Liability, the Surety Bond is not required. The limit is split into Auto and Other than Auto.

Auto in the event of an at-fault accident that you are found legally liable.

Other than Auto is the lot liability limit to provide coverage in the event of a slip and fall.

Garage Operations – Coverage Options

Garage Keepers
Protects customers vehicles while in your care, custody and control
Commercial Auto
Coverage for scheduled autos owned by the dealership, such as a tow truck or service vehicle
Business Interruption
Protects your business from loss of income from a covered loss
Workers Compensation

Wage replacement and medical benefits to an employee that was injured on the job

Business Interruption
Protects your business from loss of income from a covered loss
Tools and Equipment

Provides coverage against loss of tools and equipment used in the business

 

Frequently Asked Questions

What is the Average Cost of Insurance for a Startup Dealership?

Depending on where you are located and the level of protection you desire, you can expect to pay as low as $1,100 for the most basic coverage limit.

Does your Agency Insure Large Dealerships?

Yes, we work with dealerships of all sizes and custom design the policy around the business needs.

One phone call could save you thousands, so call today (850) 389-2001.