Hecht-Stout Insurance Agency Dunlap, IL
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Comprehensive Auto Dealer Insurance Solutions by Hecht-Stout Insurance Agency

Secure Your Business in Illinois with Tailored Auto Dealer Insurance
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64 years in business

100% customer satisfaction

4 knowledgeable advisors to help you

85+ coverage options to choose from

Hecht-Stout Insurance Agency/ auto dealer insurance

Auto Dealer Insurance Provided By Our Agency

Operating an auto dealership involves many responsibilities, from managing inventory to ensuring workplace safety and providing exceptional customer service. To help you focus on your customers' needs, Hecht-Stout Insurance Agency offers robust insurance solutions to match your evolving business requirements.

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General liability
Commercial property Coverage
Workers’ Compensation
Commercial umbrella
Business interruption

General liability Coverage

Risk Factors

All businesses, regardless of industry, face risks that should be covered by insurance. The most common and comprehensive type of policy business owners invest in is general liability insurance (or CGL). If your business is sued, you could end up facing fees totaling hundreds of thousands of dollars (or more).

Solution

Some of the risks CGL insurance covers are Bodily injury, Property damage, Medical payments, Legal defence and judgment, Personal and advertising injury. Having a sufficient CGL policy in place to help compensate for these damages is the only way to prevent this type of event from devastating your business.

Commercial property Coverage

Risk Factors

The value of your commercial property is substantial. If an unexpected disaster occurs, such as a major storm or fire, and that disaster destroys some or all of your automobiles, it may be enough to put you out of business.

Solution

As the owner of a car dealership, you should carry commercial property insurance with limits high enough to account for the high value of your inventory.

Workers’ Compensation Coverage

Risk Factors

Carrying workers’ comp insurance is an important part of being an employer, and most states legally require it.

Solution

Not only does carrying this insurance keep you in legal compliance, but it also ensures that your employees can get the medical care they need for any job-related injuries. Your workers’ comp policy will cover both medical care and lost wages if employees are unable to work due to their injuries.

Commercial umbrella 

Risk Factors

Commercial umbrella insurance sits on top of a general liability insurance policy, picking up where the limits of the general liability policy left off.

Solution

In a situation where your general liability policy limits are exceeded, such as if you lose a major lawsuit, you can depend on the umbrella policy to take over and pay the damages until the limits of the umbrella policy are reached.

Business interruption Coverage

Risk Factors

If a major event causes your business to shut down for a period of time like after a tornado or other major disaster, you may probably end up with nothing.

Solution

A business interruption insurance would help to cover your business expenses and potential lost income during the downtime.

Dealer Garage Insurance: Essential Protection for Auto Dealers in Illinois

Motor vehicle dealers must carry dealer insurance in nearly every state, including Illinois. Before obtaining a dealer license, most states require proof of this insurance. The "Dealer Garage Insurance Policy" is crucial for protecting your vehicles during transport to and from auctions and safeguarding your customers while they test drive your cars. Additionally, this policy covers incidents like customer injuries on your lot. This comprehensive coverage is aptly named a garage policy because it protects both your "garage" and its immediate surroundings. Even if you have insurance for another business, a specific dealer garage insurance policy is essential for customers driving your demonstration vehicles.

Depending on your state's requirements, you may need only a basic liability policy or a more comprehensive coverage. It's vital to check with your state dealer license bureau to ensure you meet the minimum legal requirements in Illinois.

Who Benefits from Auto Dealer Insurance in Illinois?

  • Motor Vehicle Dealerships
  • Trailer Dealerships
  • Truck Dealerships

Coverage Options for Auto Dealer Insurance in Illinois

At Hecht-Stout Insurance Agency, we take the time to understand your business and help you identify the coverages that best suit your needs. We recommend auto dealers consider the following coverage options:

  • General Liability
  • Auto Liability
  • Building Insurance
  • Business Income Loss Coverage
  • Crime Coverage
  • Employee Theft Coverage
  • Cyber Liability Coverage
  • Workers' Compensation
  • Umbrella Liability
  • Products Coverage
  • Dealers' Errors and Omissions (E&O)
  • Employment Practices Liability
  • Pollution Coverage

Determining the Cost of Auto Dealer Insurance in Illinois

Insurance for auto and truck dealerships is designed to protect your business, employees, and inventory. The cost of commercial auto dealer insurance in Illinois depends on various factors, including the size of your dealership, specific risks, and the coverage amounts and deductibles you choose. Often, bundling different types of auto dealer insurance coverages can lead to cost savings.

At Hecht-Stout Insurance Agency, we offer comprehensive risk assessments and tailor insurance program costs to best protect your business. Contact us today to learn more about how we can safeguard your dealership in Illinois

Already have Auto Dealer Insurance? Switching is easy

It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options

If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.

Contact us today to help you with multiple options to choose from.
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Hecht-Stout Insurance Agency Dunlap, IL
We extend coverage to individuals and businesses in Dunlap, IL and surrounding areas.
1715 Woodside Drive Dunlap, IL 61525
reports@hechtstout.com
309-693-3388
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