Car Dealer Insurance in Oklahoma
At Insured ASAP, we specialize in providing Oklahoma auto dealers with car dealer insurance packages tailored to their unique needs. Operating a car dealership involves a significant investment and exposure to various risks. From the vehicles on your lot to the employees who help run your business, every aspect of your operation needs to be adequately protected.
Our expert team will help you secure effective coverage at competitive rates. Read on to learn more about insurance required by the state of Oklahoma, the additional types of coverage we recommend, and the benefits of working with Insured ASAP.
Essential Insurance Coverage for Oklahoma Car Dealers
Car dealer insurance is not just required for dealer licensing – it’s a critical component of your business’s risk management strategy. Insured ASAP provides a range of coverages designed to address the specific challenges faced by auto dealers.
Garage Liability Insurance
Oklahoma garage liability insurance for auto dealers with a single limit of $25,000 is required by law. This foundational coverage expands upon general liability coverage and is essential for protecting your dealership against claims of bodily injury or property damage that arise from your business and garage operations.
Dealer Open Lot Insurance (Physical Damage Insurance)
This type of coverage protects your inventory from damage caused by weather events, vandalism, theft, and more. Insuring against physical damage is especially important in Oklahoma, given the state’s susceptibility to severe weather conditions.
Garage Keepers Insurance
This coverage is vital for any dealership that offers repair services.It protects customer vehicles while they are stored on your lot or in your garage,
Comprehensive Coverage Options
To ensure full protection, Insured ASAP recommends considering additional insurance options to cover all potential risks:
Cyber Liability and Data Breach Coverage
As dealerships increasingly rely on digital operations, protecting your business against cyber threats is essential. This insurance covers risks related to data breaches and other cyber incidents.
Employment Practices Liability Insurance (EPLI)
Safeguard your dealership from claims by employees alleging wrongful practices such as discrimination, wrongful termination, or harassment.
Errors and Omissions Insurance (E&O)
Protect yourself from claims arising from mistakes in service or administrative errors, such as title mishaps and warranty issues.
Crime Insurance
Defend your business from losses inflicted by theft, fraud, or other criminal activities.
Workers Compensation Insurance
Ensure that you comply with Oklahoma laws and protect your employees with coverage that provides medical benefits and wage replacement for work-related injuries or illnesses.
Why Choose Insured ASAP for Your Oklahoma Car Dealer Insurance?
Whether you deal exotic cars in Tulsa or need used car dealer insurance in Oklahoma City, our knowledgeable insurance agents are ready to assist you. When you work with Insured ASAP, expect the following.
Tailored Insurance Solutions
Every dealership has unique needs, and our policies are customized to reflect the specific exposures of your business in Oklahoma.
Expert Guidance
Our knowledgeable agents work with top insurance companies and are well-versed in the specifics of the Oklahoma auto dealership industry. When working with us, you can rest assured that you will receive the best possible service.
Fast, Reliable Process
We understand the importance of quick service in the fast-paced automotive industry. Our efficient processes ensure that you receive your insurance quotes and coverage promptly.
Request a Free Custom Quote Today
Don’t wait until it’s too late to learn your motor vehicle dealership isn’t adequately protected. Let Insured ASAP help you safeguard your assets, protect your employees, and ensure your business thrives in the face of challenges. Call us today to schedule a consultation and receive a free personalized quote.
