When it comes to Liability Insurance, Dealer Bonds, or Workers Comp Insurance, the last thing you want to worry about is wondering if you have the right policy and adequate coverage for your specific needs and industry. At Sarkhosh Insurance Agency, we understand automotive business. Our dedicated account managers ask the right questions the first time and diligently seek out the policies that best fits your exact needs.
At Sarkhosh Insurance Agency, we understand business
Dealer/Garage Liability Insurance
As an auto dealer, you know the obvious risks: the value of your business sits vulnerable, on display in showrooms and open lots all day and all night. But does your auto dealers insurance policy also consider the liability inherent in doing business, having employees, and the exposure that comes from of hundreds of people visiting your lot each month? Not to mention, the very real possibility one of them is just out for a quick injury or omission claim against you? Not to mention claims arising from buyers who give (accidentally, or on purpose) false information to secure a vehicle, which can be just as devastating to your business as a theft or damage to your inventory. Since every business is unique. SIA considers all aspects of your particular business to create a comprehensive business policy. You can trust us to make sure you have the right insurance coverage designed to match the individual aspects of your business.
What does the policy cover?
A comprehensive auto dealer insurance policy in California can include coverage such as:
- Property damage and bodily injury – covers possible damage from lot and garage-related operations
- Garage keepers – covers damage to autos and property left by customers
- Inventory vehicles – covering damage to dealer-owned autos on the lot or stored at temporary locations
- Hired autos – protect vehicles you or your employee rent or borrow for business purposes
- Non-owned autos – cover your partners, employees or members of households using vehicles for your business or personal affairs
- Newly acquired autos – protect new or additional autos acquired during the policy period.
- Building & Personal Property Coverage – protects your physical investments aside from inventory
- Truth-in-Lending Errors and Omissions
- Business income
DMV Dealer Bonds
Dealers in the car business for ten years or more remember bonds skyrocketing during the financial crisis. At first they stayed high. Then they came down slowly. Well bonds prices are better than they’ve ever been. Have you shopped your bond lately?
Don’t pay too much. We work with multiple surety companies to help you save money.
Workers Comp Insurance
If you have employees, it’s your job to keep them safe at work. If an employee gets in an accident while on a test drive, your workers’ compensation insurance will help pay for their medical expenses. Workers’ compensation insurance is a mandatory policy required in most states, including California. If you have even one employee, you must buy it or you could face severe penalties. Period. The idea behind the coverage is straightforward and simple. It’s a no-fault insurance program.
For the employee – it covers lost wages and medical treatment resulting from an injury that took place while at work.
For the employer – Any business owner with even one employee needs it! It’s the law.
Workers’ compensation premiums are determined by:
- Your type of business
- How many employees you have
- Your claim history
Need to renew your dealer license?
Visit our partners at TriStar Motors for all pre-licensing & renewal training.
Interested in an affordable Lawsuit Prevention solution for your business?
Visit our partners at DealerXT for a fully-customizable, app based Lawsuit Prevention Solution
Contact us today to get your quote.
Call our office and schedule an appointment with a specialist, or fill out our form and someone will follow up within 1 business day.
2491 W. Shaw Ave. Suite 124
Fresno CA 93711
CA LIC 0E83633