Running a dealership in 2025 means more than just selling cars, it means managing risks that didn’t exist a few years ago. From EVs to cyber threats, your insurance coverage needs to evolve.
Here are 6 key coverages every dealership should have:
1. Dealer Open Lot (DOL)
Your inventory is your lifeline. With vehicle values up and weather events unpredictable, make sure your DOL coverage reflects true market value to avoid costly gaps.
2. Cyber Liability
Hackers are targeting dealerships for customer data. A cyber policy protects you from data breaches, ransomware, and reputation damage.
3. EV Liability
Electric vehicles bring fire, storage, and environmental risks. Make sure your policy covers EV-specific exposures—especially in your service area.
4. Test-Drive & Loaner Coverage
Accidents during test drives or deliveries can leave you exposed. Garage liability and HNOA (Hired & Non-Owned Auto) are must-haves.
5. Employment Practices Liability (EPLI)
Protect against lawsuits related to hiring, termination, discrimination, and harassment. Even small claims can cost big.
6. Business Interruption
Storms, outages, or vandalism can stop operations. Business interruption insurance keeps your cash flow protected.
Bottom Line
Don’t wait until a claim exposes a coverage gap. At Hawk’s Bay Insurance Group, we tailor dealership policies that work in today’s world.