If you have a powersports dealership then naturally it makes perfect sense that you are fully protected with regards to your insurance. Whilst it is always important to check the details out before signing insurance for an individual vehicle, doing so for a dealership requires even more research and even more patience when it comes to reading the fine print. Unfortunately, such is the nature of the vehicles which you have in the dealership, attacks and theft is high in this sphere and that is your powersports dealer insurance has to be absolutely perfect.
If you don’t get this right and something were to happen, this could very well be the end of your business. This may sound extreme but it happens more than you may be aware of, and here is what you should be checking before you sign on the dotted line.
Can You Scale Up With Ease
As you will be more than aware of, a couple of good months in the business could certainly see your dealership look to bring in even more vehicles to bolster your range. When you are taking on insurance you need to make sure that you have the option to scale up your cover should you need to. Unfortunately there are some insurance companies which hit you with ah heavy premium should you wish to change the policy, or who simply won’t change the policy at all. The last thing you want is multiple policies protecting your assets, so be sure that you go with an insurer who can give you that flexibility.
Owing to the higher probability of you being broken into, when compared with a car dealership for example, it is essential that you don’t fall for the trick which so many try, which is to get you to sign up for massive premiums. There are some cases whereby the premium is so high that most small dealerships simply cannot afford to pay it, which can leave them in dire straits financially. The whole notion of insurance is to help to recompense you after a criminal act has been committed against you, and so a fair premium is critical in that deal.
As much as you don’t need full cover, you cannot very well commit 50% of your company’s takings towards insurance, and so the deal has to be right. The key here is not to get the cheapest insurance, not at all, what you should be looking to do is get the insurance which is the most that you can realistically afford, and which will give you a solid level of protection and cover should something go wrong.
There are many places where you can compare different options here and an insurance broker could actually be a smart investment, in order to find you the low cost, low premium insurance, which gives you the flexibility and the expansive cover which you need.