Insurance for Auto Dealers

Securing Your Future with Our Best Auto Dealership Insurance

Auto Dealership Insurance in Alberta

There are various challenges that auto dealers face in day to day chores of running a business. There are various aspects that need to be taken care of to ensure smooth management. Everything from inventory control to keeping the customers happy is the prime responsibility of an auto dealer. Therefore, keeping your business safe should be your prime focus. Choosing the right auto dealership insurance in Alberta can prevent you from major risks involved in your business.

At A-kan Insurance we have a skilled team of brokers to help you find appropriate solutions for your business. Whether you sell cars, trucks, motorcycles, or RVs, we’ve got you covered. Our expertise allows us to create integrated car dealer insurance plans tailored to your specific business needs. Let us handle your auto dealership insurance, so you can focus on your customers and growing your business.

Risks Associated with Auto Dealership

Inventory Loss

Test Drive Liability

Mechanical Errors

Fraud

Property Damage

Employee Emergencies

Lawsuits

About Our Customer Oriented Services

Our expert auto dealership insurance brokers in Alberta provide specialized services to address the unique risks and challenges faced by business owners. Here are some of the unique services we offer to our customers:

Customized Insurance Packages

Our independent auto dealer insurance brokers in Alberta tailor packages according to the specific needs of each dealership. They consider various factors like the types of vehicles you sold, your location, and size of your business. This way, you will not hustle to find the best solutions for your auto dealership insurance plan.

Risk Analysis Services

The Brokers at A-Kan know the best auto insurance dealers in Alberta which helps them conduct a thorough analysis of dealership operations. They identify potential risks associated with various aspects of the business, like inventory management, employee practices, and others. They play a proactive role in helping auto dealerships maintain a safe environment.

Compliance and Claim Support

A-Kan insurance brokers aid in navigating and staying compliant with state and federal regulations related to the automobile dealership insurance in Alberta. They also provide support in the event of a claim, helping the dealership navigate the claims process and ensuring a fair and prompt resolution.

By offering these specialized services, A-Kan auto dealership insurance brokers aim to provide comprehensive coverage that ensures safety against a range of potential risks and liabilities.

Coverages for an Auto Dealership Insurance

It doesn’t matter whether you’re in the business of operating a short-haul truck or a long-haul truck, you’re always at risk. An accident can happen at any time, so getting insured is the key. Here are a few of the coverages that A-Kan Insurance provides

Inventory Insurance

Protection of your inventory, including coverage for theft, vandalism, natural disasters, and other potential risks.

Liability Insurance

Covers the charges if someone gets hurt or something gets damaged on the premises, or during test drives.

Auto Insurance

Takes care of your vehicles used for business purposes, including those for sales and service.

Business Interruption Coverage

Helps you financially if the business has to close temporarily due to an unexpected event.

Cyber Insurance

Protects you against cyber threats like hacking or data breaches that could expose customer information.

General Liability Insurance

Covers the dealership if someone outside the business claims they got hurt or had property damaged while on the premises.

Employment Practices Insurance

Deals with claims related to the employees, like accusations of discrimination or wrongful termination.

You Are at the Right Place to Ensure Valid Protection for Your Business.

Our professional and dedicated team of auto dealership insurance brokers in Alberta have years of experience in providing the best assistance and services for small business insurance as well as large scale business insurance. We also provide expert solutions for various types of insurance such as commercial insurance, property insurance, travel & health insurance, and many more.

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Auto Dealership Insurance FAQs

What types of auto dealership insurance coverage do I need in Alberta?

Our A-Kan auto dealership insurance brokers can help assess your specific needs, but common coverages include property insurance, inventory coverage, liability insurance, and more tailored to the automotive industry.

How can I ensure my inventory is adequately protected from theft or damage?

The best auto dealership brokers at A-Kan can guide you in obtaining comprehensive inventory coverage, which includes protection against theft, vandalism, and damage to vehicles for sale.

What liability risks should I be aware of in my dealership?

The A-Kan brokers will discuss the liability risks associated with customer interactions, test drives, and other aspects of your business, and help you secure the appropriate coverage.

How can I protect my dealership from cyber threats?

Our insurance brokers can recommend cyber liability insurance to safeguard against data breaches and cyber threats that may compromise customer information.

What should I do if my dealership faces a temporary closure due to an unforeseen event?

In that case, business interruption coverage can help compensate for lost income and ongoing expenses during temporary closures.

Are there surety bonds required for my dealership in Alberta?

The auto dealership insurance brokers at A-Kan Alberta can assist in obtaining surety bonds, which may be necessary for licensing or contract fulfilment.

What steps should I take in the event of a claim?

Our insurance brokers provide guidance on the claims process, including documentation and communication with the insurance carrier, ensuring a fair and prompt solution.

How often should I review and update my auto dealers insurance policy?

The A-Kan insurance brokers will recommend regular reviews to ensure that your car dealer insurance coverage aligns with any changes in your business, such as expansion or shifts in operations.

Can you help with compliance issues related to the automotive industry in Alberta?

The expert team of auto dealership insurance brokers at A- Kan can offer guidance on staying faithful with local and industry-specific regulations to avoid legal and regulatory issues.

What additional liability coverage options are available for my dealership?

The auto dealership insurance brokers may suggest an umbrella/excess liability insurance, providing an extra layer of protection beyond primary policies.