Powersports Dealers: Gearing Up Your Insurance for Success
Selling the thrill of the open road or trail comes with its own set of unique risks. As a motorcycle, snowmobile, or ATV dealer, your insurance needs go beyond the standard retail business policy. Here’s how to ensure your dealership is fully protected:
Why Standard Business Insurance Isn’t Enough
Typical retail business policies often lack coverage for:
* **Inventory in motion:** Damage to vehicles during test drives or customer demonstrations.
* **Specialized equipment:** Repair tools, diagnostic machines, and other unique equipment specific to powersports dealerships.
* **Customer injuries:** Liability coverage if a customer gets injured on your premises or during a test drive.
Essential Insurance for Powersports Dealers
A comprehensive insurance plan for your dealership should include:
* **Garage Liability Insurance:** Covers bodily injury and property damage to third parties while vehicles are in your care, custody, or control.
* **Garagekeepers Legal Liability Insurance:** Protects against damage to customer vehicles while they’re on your premises for service, repairs, or storage.
* **Dealer’s Open Lot Insurance:** Covers damage to your inventory (new and used vehicles) caused by fire, theft, vandalism, and other covered perils.
* **Workers’ Compensation Insurance:** Provides coverage for employees injured on the job (required in Oregon).
Additional Coverage Options to Consider
Depending on your specific business needs, you may also want to explore:
* **Employment Practices Liability Insurance (EPLI):** Covers claims from employees related to wrongful termination, discrimination, or harassment.
* **Cyber Liability Insurance:** Protects against data breaches, ransomware attacks, and other cyber threats, particularly important for dealers with online sales.
* **Business Interruption Insurance:** Provides income replacement if your dealership is forced to close temporarily due to a covered event.
Prineville Insurance: Your Partner for Powersports Protection
At Prineville Insurance, we have a deep understanding of the powersports industry and the unique insurance needs of dealerships. We’ll tailor a comprehensive policy that protects your inventory, your customers, and your business from a wide range of risks.
Don’t let an unexpected event put the brakes on your dealership’s success. Contact us today to explore insurance options and ride with confidence.
