Moped and Scooter Dealer Insurance

Your Guide to Moped and Scooter Dealer Insurance

Get the right coverage for your business.

Moped and Scooter Dealer Insurance

Moped and scooter dealers typically retail new or used motorbikes as well as other types of power sport vehicles. If you own a moped and scooter dealership, you already know that an adverse event can occur at any time, and you must invest in business insurance in order to protect your assets and keep the doors open for the long term.

A local independent insurance agent can help you get moped and scooter dealer insurance that covers your unique risks and fits your budget.

Why Do You Need Moped and Scooter Dealer Insurance?

You need moped and scooter dealer insurance to protect your assets, your business, and your customers when certain problems occur.

  • Damage to inventory kept outside due to windstorms, hail, theft, fire, and vandalism
  • Property damage to inventory inside your showroom
  • Injuries and property damage caused by customers test-driving mopeds and scooters in your lot or on public roads
  • Damage to someone else’s moped or scooter that is brought in and kept in your possession for repairs or service
  • Selling faulty products or parts
  • Slips, trips, and falls causing minor to major injuries on your premises

As a business owner, it’s important to understand all of your business risks and how moped and scooter dealer insurance can help you cover your financial losses when something goes wrong.

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What Does Moped and Scooter Dealer Insurance Cover?

You can work with a local independent insurance agent to find appropriate business insurance coverage that is designed for moped and scooter dealers. The right agent can find individual and packaged moped and scooter dealer insurance policies that will address the various forms of property and liability risks that are unique to your business.  

  • Commercial general liability (CGL) insurance: Provides broad coverage for bodily injury and property damage caused by you or your employees. CGL insurance also covers claims related to slander, libel, and advertising liability. What’s more, CGL policies cover losses or injuries to a user, buyer, or bystander caused by a defect or malfunction of a product. In some instances, product liability insurance may also cover the manufacturer or seller of the product for defective design and “failure to warn.”
  • Commercial property insurance: Provides protection for your business property, including building(s) and contents.
  • Business interruption coverage: Provides coverage for lost income and expenses if you must temporarily cease operations after a catastrophic event. It pays employee salaries, rent, and other expenses while you are closed to make repairs.

Other Important Moped and Scooter Dealer Insurance Policies

Talk to your independent insurance agents about your need for these additional types of policies to protect your moped and scooter dealership.

  • Employee dishonesty coverage: Covers employee theft and crime
  • Dealer physical damage coverage/dealer’s open lot coverage: Covers your inventory, or mopeds and scooters held for sale
  • Garagekeepers liability coverage: Covers customers’ motorbikes in your care, custody, and control (e.g., for repairs)
  • Workers’ compensation insurance: Protects employees who are injured on the job

What Does Moped and Scooter Dealer Insurance Cost?

Moped and scooter dealer insurance costs will vary depending on the size of the business, the number of locations, where the business is located, the number of employees, and more, including the following.

  • The products and services you provide
  • The value of your commercial property
  • The value of your inventory
  • The types of coverage and the coverage limits that you require
  • The crime and weather risk in your city

An agent can help you get multiple quotes so you can choose the policies that best fit your budget.

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Our independent agents shop around to find you the best coverage.

Benefits of an Independent Agent

An independent insurance agent who has experience working with moped and scooter dealers and other businesses like yours can help you decide the types and amounts of coverage that you need for your business. The choices you make will determine your cost of coverage.

Independent agents can work with numerous, reputable insurance companies who specialize in your type of business. Together you can review a variety of proposals and choose the best mix of coverage that meets your needs and budget.

What’s more, your agent will be there for you when claim time comes. They know the ins and outs of the process and will make sure your claim is handled appropriately.

Find and Compare Quotes for Moped and Scooter Dealer Insurance

Instead of getting an online quote, find an independent insurance agent now, and get one-on-one consultation and affordable options for the best coverage for your unique needs.

Your agent will work with you free of charge to get quotes from multiple insurance companies so you can make the best choice.

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TrustedChoice.com Article | Reviewed by Paul Martin

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