Auto Dealer Insurance in Colorado

Auto dealers in Colorado face a variety of risks that can affect their business operations and profitability. Some of these risks include:

• Property damage or theft of vehicles, equipment, or inventory
• Liability claims from customers, employees, or third parties for bodily injury or property damage
• Employee injuries or illnesses on the job
• Business interruption due to natural disasters, vandalism, or cyberattacks
• Regulatory compliance issues with federal, state, and local laws and regulations

To protect their assets and liabilities, auto dealers in Colorado need to have adequate insurance coverage that meets their specific needs and requirements. 

Colorado Auto dealer insurance is typically a combination of commercial liability, property, and automobile insurance. These policies can be purchased individually or bundled into a package policy.

At 3R Insurance Agency, we understand the unique insurance needs of auto dealers in Colorado. We have a team of experienced and knowledgeable agents who are dedicated to finding the best insurance packages for auto dealers. We work with top-rated carriers and we have access to competitive rates, so you can be sure that you’re getting the most value for your money.

Our quick process for providing quality auto dealer insurance packages includes:

1. Understanding your business to fully assess your needs
2. Linking you with the best insurance carrier
3. Shopping around to find the best rates and coverage options
4. Explaining the terms and conditions of the policy
5. Offering ongoing support and assistance

For quick and reliable auto dealer insurance in Colorado, contact 3R Insurance Agency today. Our agents are here to answer any questions you may have and help you find the best coverage for your business.

No matter what type of auto dealership you own, our agents are here to help. We offer a variety of insurance packages for the following types of auto dealers in Colorado:

• Used Car Dealers
• Auto Repair Shops
• Body Shops
• New Car Dealers
• Motorcycle Dealers
• RV Dealers
• Commercial Truck Dealers
• Boat Dealers
• Classic Car Dealers
• Luxury Car Dealers

We also provide insurance packages for salvage yards, auto dealerships that sell parts, and car leasing companies.

Commercial liability insurance is important for Colorado auto dealerships because it helps them deal with legal claims related to their business activities such as selling, leasing, repairing, and servicing vehicles. The insurance covers the expenses of defending against lawsuits, paying settlements or judgments, and paying medical bills for injured third parties. 

Some of the common situations that could lead to a commercial liability claim for an auto dealership are:

• A customer slips and falls on the dealership property and sues for medical costs and lost wages.
• A vehicle bought by the dealership fails and causes an accident, injuring the driver and other drivers.
• A mechanic damages a customer's vehicle while doing repairs and the customer asks for compensation.
• A competitor accuses the dealership of false advertising or unfair business practices and files a lawsuit.

Colorado auto dealerships can use commercial liability insurance to avoid financial losses and reputational harm. The policy can cover bodily injury, property damage, personal injury, advertising injury, and contractual liability. However, it is important to keep in mind that intentional acts, criminal acts, employee injuries, or damage to the dealership's own property are not covered by commercial liability insurance. Additional types of insurance may be required to fully protect the business.

Commercial property insurance is also important for Colorado auto dealerships to protect their buildings, inventory, and equipment from damage due to fire, theft, vandalism, and other covered risks. It covers not only your building and its contents, but also your outdoor signs, fences, landscaping, and inventory.

Whether you sell new or used cars, trucks, motorcycles, or RVs, commercial property insurance can help protect your business from financial losses due to unexpected events. The policy will pay for the cost to repair or replace damaged property and inventory.

Garagekeepers' legal liability insurance in Colorado safeguards auto dealership from any harm caused to their customers' cars while they are under their care, custody, or control. This insurance will aid in covering the expenses involved in repairing or replacing the vehicles in the event of theft, vandalism, fire, collision, or other such accidents.

Garagekeepers legal liability insurance is especially important for auto dealerships in Colorado, where weather conditions can cause damage to vehicles such as hail, snow or ice. Auto dealerships in Colorado should consider the value of their customers' vehicles and the potential risks they face when choosing the appropriate level of coverage for their Garagekeepers Legal Liability insurance.

Workers' compensation insurance is essential coverage for Colorado auto dealerships because it provides financial protection in case of employee injuries and illnesses while they are on the job. The policy pays for medical expenses, lost wages, and disability benefits if an employee is injured in a workplace accident. It also covers any legal costs associated with defending against employees’ workers' compensation claims.

The state of Colorado requires all businesses with employees to carry workers' compensation insurance. Without this coverage, employers can be held personally liable for employee injuries and illnesses.

Contents coverage is a type of insurance that protects the contents of your dealership, such as furniture, computers and office equipment. This coverage can also protect you from losses caused by fire, theft, vandalism, or other covered risk. If these items are damaged or stolen, the policy will cover the cost to repair or replace them.



Having this type of coverage is important because it can help to protect your auto dealership from financial losses due to unexpected events. Without it, you may have to cover the costs yourself.

Umbrella insurance is an additional layer of liability protection that provides extra coverage for auto dealerships in Colorado. This coverage can help protect against large claims and lawsuits that exceed the coverage limits of your other policies. It can also cover defense costs, medical payments, judgments, and settlements from covered events.



Umbrella insurance is an important form of protection for auto dealerships in Colorado because it provides additional financial security in the event of a major loss. Without it, the dealership could face significant financial losses that could threaten its future.

Commercial auto insurance will cover the vehicles used by auto dealerships in Colorado, such as sales and delivery vehicles. This coverage includes liability for bodily injury and property damage caused by any of the dealership's insured drivers. It also covers collision, comprehensive, and medical payments coverage to protect against unexpected costs associated with vehicle accidents.

The minimum coverage requirements for commercial auto insurance in Colorado include $25,000 of bodily injury protection per person and $50,000 of bodily injury protection per accident. This coverage will also provide property damage liability up to $15,000.

A garagekeepers bond is a type of insurance that will protect an auto dealer's customers from any loss or damages caused while their vehicles are in the dealership's care. This coverage will reimburse customers for any losses or damages that occur due to errors, omissions, or negligence on the part of the auto dealer.



The coverage limits depend on the size and type of business, so it is important to discuss your specific needs with an insurance provider. Garagekeepers' are an important form of protection for auto dealerships in Colorado because they provide financial security in the event of a customer's claim.

Business interruption insurance is a type of insurance that will cover lost income due to natural disasters, such as fires, floods, or earthquakes. This coverage can also help protect against losses caused by other unexpected events such as utility disruptions, supply chain interruptions, or even a pandemic. The policy will reimburse the auto dealership for any lost income due to the interruption of business.

A $1 million general liability insurance for car dealers costs $300 annually or $25 monthly. Other forms of coverage will generally depend on the type and amount of coverage needed by the dealership.



It is important to consider all forms of auto dealership insurance in Colorado when determining the cost of coverage. You can also take these measures to lower auto dealership insurance costs in Colorado:

• Conduct regular risk assessments
• Invest in safety and security measures
• Train employees properly
• Monitor driving records
• Implement a claims management system
• Evaluate coverage limits regularly
• Bundle multiple policies together for discounts

Working with an experienced independent insurance agent can help you find the right coverage at a price that fits your budget.

Compare Colorado Auto Dealership Insurance Quotes

3R Insurance Agency provides a wide range of auto dealership insurance products for businesses in Colorado. Our team of independent agents is here to help you find the coverage that meets your needs and fits your budget. Contact us today for more information or to get started on a free quote.