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Tuesday, September 15, 2009

Insurance For A Valet Parking Company

If you are considering opening a small business of valet parking, consider all the expenses before proceeding. Insurance for a valet parking company requires auto coverage and driver coverage, as well as valet drivers that have a clean driving record. Insurance for a valet parking company is similar to your individual auto insurance, but with some extras that must be added to the basic policy. The insurance is considered commercial auto insurance since it is being used for a business.

Liability insurance for a valet parking company is a must! This part of your commercial insurance policy covers damages your valet parking company may cause.

Anything from hurting someone in an accident, causing bodily injury, or property damage is covered ONLY using company cars, not customer cars. The most important thing is to make sure you are fully covered under your insurance for a valet parking company close to 1 million dollars if not more.

When considering the cars that your employees will be handling, if an accident should ever occur, you want to not lose your business because the insurance plan didn�t cover an accident. Insurance for a valet parking company is a definite need.

Specifically, insurance for a valet parking company needs additional coverage that the basic policy does not cover. Your employees are handling customer cars most of the time, these are not considered company cars and the above paragraph does not cover this.

The plan you will need to purchase is called a Garage keeper�s Liability insurance for a valet parking company.

Many valet parking companies purchase additional cars to use to block in their customer cars. They do this to protect the cars since many valet parking companies keep their customers cars over night. By doing this, if an attempt to steal happens, this makes it less likely for the robbers to try and steal the cars if they are blocked in. Using company cars to block in customer cars helps the insurance for a valet parking company lower their premiums.

Always shop around as a new business owner for insurance for a valet parking company. Check employee driving records and do not hire people with poor driving records to work for your valet parking company. This will help keep the cost down for your insurance for a valet parking company.

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