3108 Adora Teal Way, Unit 200,
Like any other business, Dealerships need insurance. Not only is it required in the State of Louisiana, but it is important to protect the business owner from loss. So if you need it and it’s required why don’t you work with the best insurance agency that specializes in Garage Liability Insurance!
Barbee Jackson Insurance is one of the largest independent insurance agencies in the US that specializes in Garage Liability Insurance for Dealerships. Join thousands of Dealerships like yours that made the switch to Barbee Jackson Insurance.
It is important to realize that Dealerships need a specialized policy that is unique to that line of business. A typical General Liability policy doesn’t cover for losses associated with vehicle loss. So if you’re out test driving a vehicle and you get in an accident a General Liability policy would not cover the loss, BUT a Garage Liability policy would.Garage Liability policies are designed to meet the needs of Dealerships and Repair Shops. They cover for slip and falls on the lot and for losses associated with vehicles.
Louisiana requires any person or business that sells 5 or more vehicles in a 12 month period to file as a dealership and must carry insurance and a bond. In addition, the dealership must have an office, permanent sign visible from the nearest street and a telephone number listed on the business name.
There are several factors that contribute to the cost such as number of employees, years in business and additional coverage options. The cost of the insurance can range as low as $1,200 per year for a single owner location and go as high as several thousands of dollars for larger dealerships.
The purpose behind the Surety Bond, AKA Auto Dealer Bond, is to ensure that the buyer of the vehicle will receive compensation for damages if the auto dealer fails to comply with Louisiana Dealership Laws.
Louisiana Motor Vehicle Dealer Surety Bond is a two-year term bond that expires on December 31st every other year and costs can range from $425 for owners that have an excellent credit score to $4,000 for less than perfect credit scores.
Dealer Open Lot provides protection against loss to the vehicle inventory in the event of a covered loss.
Barbee Jackson Insurance is the clear leader in Garage Liability Insurance. We work with Dealerships of all sizes to find the right coverage at the best price. We independently shop your policy to 13+ insurance companies that provide auto dealers insurance. This process ensures that you are getting the lowest possible price.
Every dealership gets an Agent and Account Specialist that will handle all your needs. Turnaround time for new quotes is less than 24 hours. Call us today to get started (850) 389-2001
I highly recommend Barbee Jackson Insurance! Everyone there is so nice and helpful. Courtney is so efficient and professional. She sent a quote for our business insurance within 2 days and by the 3rd day we were insured and all set. So amazing this day and time to get that kind of service.
Just switched to this agency after previous agency closed. The online reviews led me here. Can confirm this was the right choice. Dealt with Courtney on my garage liability coverage and was an absolute pleasure. Everyone is courteous and prompt. Was amazed at how fast they took care of this coverage for me, especially during this short holiday week. Definitely recommend Barbee Jackson to anyone out there looking for great customer service!
Fast, knowledgeable and courteous. Always answers my questions and requests. I recommend this agency 💯