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Dealer Insurance

from Wetzel Insurance Agency

Dealer Insurance

If you sell vehicles, farm equipment, RVs, boats, industrial equipment, or lawn and garden equipment, you want to be sure you’re protected financially in case of loss or damage due to circumstances beyond your control. Likewise, your business should be protected from legal risks that could result in financial consequences that force you to close your doors.

Dealer’s insurance was created to protect businesses like yours. It offers a range of coverage for different scenarios, so your investment is protected, and your employees’ livelihoods are not in jeopardy either.

What Does Dealer’s Insurance Typically Include?

Physical damage

This coverage protects your motorized vehicle inventory in case of damage or loss. It includes protection in the event of fire, storms, vandalism, and theft. Most lenders you work with likely require this insurance, also commonly known as dealer’s open lot coverage, dealer’s blanket, or floor plan insurance


Garage liability insurance covers both bodily injury and property damage incidents for which your business is responsible. This protects you if, for example, a visitor has a slip-and-fall injury on your premises or if one of your vehicles damages a neighbor’s property.

Surety bond

This is vital for your dealer’s license and is required by the state of Indiana. It guarantees that you will honor the terms of any contract pertaining to sales or trade-ins. It also promises that you will adhere to state laws regarding your dealership.

Workers' compensation

Workers comp protects employees in case they are injured on the job. It covers medical care, prescriptions, occupational therapy, and disability, among other benefits. Workers or their families won’t have to come after you in court to be compensated for these expenses, so it protects your business too.

You may wish to add other coverage for further protection:

  • Dealer’s errors and omissions insurance
  • Employment practices liability coverage
  • Property insurance for your building
  • Earthquake or flood insurance
  • Commercial auto for business vehicles you drive for work
  • Business umbrella coverage for increased liability protection
  • Cyber liability insurance
  • Property breakdown protection for repair equipment
  • Loss of income coverage

Our Independent Agents Will Tailor a Policy to Your Dealership

Every dealer here in Indiana is different, so we don’t take a cookie-cutter approach when assembling dealer’s insurance policies. We can customize protection uniquely for you, based on the type of business you own and your requirements for coverage.

As independent agents, we have access to a wider range of insurance products than big companies do because we work with all carriers. You benefit from the personalized service and many options we can offer.

To start a dealer’s insurance policy today, call Wetzel Insurance Agency at 574-267-6183. For your convenience, you can also get in touch any time online.