Insurance for Equipment Dealers 

• Dealers Open Lot / Inventory Insurance – Protects equipment inventory from theft, vandalism, fire, and weather damage.

• Garage Liability – Covers bodily injury or property damage caused by your operations (e.g., test runs or demonstrations).

• Garage-keepers Insurance – Protects customer-owned equipment left in your care for service, repair, or storage.

• Commercial Property Insurance – Covers buildings, offices, tools, and parts.

• Inland Marine / Transit Coverage – Protects equipment in transport to or from your lot.

• Commercial Auto Insurance – Covers service and delivery trucks.

• Workers’ Compensation – Protects employees in case of workplace injuries.

• Umbrella / Excess Liability – Adds extra liability protection beyond your primary policies.

Yes. At AutoRisk we specialize in Dealer Package Policies that consolidate all your necessary coverages under one streamlined program. This makes it easier to manage renewals, billing, and claims—and may reduce your total premium.

Garagekeepers Insurance protects customers’ vehicles that are left in your care for service, storage, or safekeeping. If a vehicle is damaged by fire, theft, vandalism, or collision while on your lot, this policy helps cover the cost.

Dealers Open Lot (or Dealers Physical Damage) covers the inventory on your lot—new and used vehicles—for events like hail, theft, vandalism, or collision. It’s essential coverage for protecting your most valuable assets.

Garage Liability Insurance covers bodily injury or property damage that may occur as a result of your dealership operations—whether from test drives, customer slip-and-falls, service or repair operations or accidents involving employee-driven vehicles, it’s a foundational policy for any auto dealership.

Equipment dealers handle high-value assets such as construction machinery, agricultural equipment, or industrial tools. These come with risks like theft, property damage, accidents during demos, and liability for repairs or rentals. Specialized insurance ensures your dealership is protected against these unique exposures.

Insurance costs depend on:

• Value and type of equipment sold

• Indoor vs. outdoor storage

• Security measures (cameras, fencing, alarms)

• Location and weather/crime risks

• Whether rentals or demos are offered

• Claims history and safety programs

You can reduce costs by:

• Installing strong security systems

• Storing equipment indoors when possible

• Training staff on safe demo and service practices

• Maintaining a clean claims history

• Bundling coverages with one insurer

See our PDF on OSHA – Click Here