RV dealers insurance is a type of insurance policy that protects recreational vehicle dealerships against losses and damages that may occur in the course of their business operations.
This type of insurance policy covers a wide range of risks associated with the sale and maintenance of recreational vehicles, such as theft, vandalism, accidents, and liability claims.
Who Needs RV Dealers Insurance?
RV dealers insurance is essential for any business that deals with recreational vehicles, including RV dealerships, RV rental companies, and RV repair shops.
RV dealers insurance is important not only for the protection of the business but also for the protection of the customers who purchase or rent recreational vehicles.
Types of RV Dealers Insurance Policies
There are several types of RV dealers insurance policies available that provide different levels of coverage. The most common types of RV dealers insurance policies are:
General Liability Insurance
General liability insurance covers any damages or injuries that occur on the dealership’s premises. This type of insurance policy provides protection against claims of bodily injury, property damage, and personal injury liability.
Property insurance covers any damages to the dealership’s physical property, including the building, equipment, and inventory. This type of insurance policy provides protection against losses due to fire, theft, vandalism, and other types of damage.
Garage Liability Insurance
Garage liability insurance protects against damages or injuries that occur while the dealership is servicing, repairing, or test-driving a customer’s recreational vehicle. This type of insurance policy provides protection against claims of bodily injury, property damage, and personal injury liability.
Workers’ Compensation Insurance
Lastly, workers’ compensation insurance covers any injuries or illnesses that employees may suffer while on the job. This type of insurance policy provides financial support for medical expenses, lost wages, and other related expenses.
How Much Does RV Dealers Insurance Cost?
The cost of RV dealers insurance varies depending on several factors, including the size of the dealership, the level of coverage required, and the location of the dealership.
On average, RV dealers insurance can cost between $3,000 to $5,000 per year. However, the cost of insurance can be significantly higher or lower depending on the specific needs of the dealership.
RV Dealers Insurance Requirements
The requirements for obtaining RV dealers insurance vary depending on the state and the type of dealership. Most states require dealerships to obtain a minimum level of insurance coverage before they can legally operate. The specific requirements for RV dealers insurance may include:
- General liability insurance
- Property insurance
- Garage liability insurance
- Workers’ compensation insurance
- Commercial auto insurance
It is important for RV dealerships to work with an experienced insurance agent to determine the specific requirements for their state and business needs.
Commercial Insurance And Business Industry Classification
- SIC CODE: 5561 Recreational Vehicle Dealers
- NAICS CODE: 441210 Recreational Vehicle Dealers
- Suggested Workers Compensation Code(s): 8380 Automobile – Service or Repair Center & Drivers, 8748 Automobile – Salespersons
RV Dealers Insurance – Bottom Line
In conclusion, RV dealers insurance is an essential type of insurance policy for any business that deals with recreational vehicles. This insurance policy provides financial protection against a wide range of risks associated with the sale and maintenance of recreational vehicles.
When shopping for RV dealers insurance, trust an experienced insurance agent who will help determine the appropriate level of coverage needed for your specific needs. Call us today or submit your online application and see what we can do for you.