3 Questions to Ask Regarding Insurance for Your Valet Services

The professional field of valet services is fast-growing, so ask your insurance company these three questions to protect your business now and in the future.

1. What Events Are Covered by General Liability?

One of the most important insurance areas to cover for your valet business is the general liability sector. Accidents can happen to even the most organized business owners or managers, so make sure your business is protected in the eventuality that one of your valet drivers accidentally hits another vehicle or a pedestrian.

2. What Options Are Available for Workers Compensation?

Like most businesses today, if you hire employees then it is a valuable idea to make sure you are up-to-date on your state’s requirements for workers compensation. Further, safeguard your company and employees with a valet insurance policy that can cover disability or medical coverage if they are hurt while on the job.

3. What Garage Liability Plans Are on the Market?

The majority of the time a client’s vehicle is in your care, it will likely be in a parking lot or garage deck. Therefore, research insurance policies that include coverage for potentially damaging events that can happen while the vehicle is parked, such as theft or collision. While you focus on returning vehicles in the condition you received them, you can relax knowing your insurance plan is protecting your business.

By understanding the unique aspects of your company operations, you can ask the right questions and find a valet insurance plan tailored to protect your business, employees and clients’ property.

Three Easy Insurance Coverages For New Business Owners

As a business owner, you have a lot on your plate. As a result, you don’t have time to sift through various business insurance coverage options to find the right one for you. Rather than figuring out which business insurance options best fit your needs, work with an experienced agent who can help you create a policy that’s perfect for you. In the meantime, here are three simple coverages that you should expect to see in your policy.

General Liability Insurance

General liability insurance covers you in case a third party sustains an injury or property damage on your premises. Slip and fall accidents are examples of incidents that are covered by general liability insurance.

Professional Liability Insurance

Professional liability insurance covers you in case a third party claims that an error or omission on your part led to them experiencing a loss. In the medical industry, this is also known as malpractice insurance.

Property Insurance

Property insurance covers your business property including your building, equipment, furniture and electronic data. If your covered items become damaged or lost because of a fire, storm, vandalism or theft, your policy will cover the cost to replace or repair your items.

There are other insurance options that you can take advantage of depending on your industry. Agents who are well-versed in New Mexico business insurance can help simplify the process for you.