Auto Dealers

Market Financial Group is a specialty insurance agency that believes in first diagnosing your unique risk profile, unlike our competitors who too often first recommend a “one size fits all” solution. Once your risk profile is reviewed and completed, our agent submits it to our Marketing Department; which submits your application to the myriad of insurers with whom we have identified for your industry. We are fortunate to have in our ranks several seasoned auto dealer insurance industry veterans. On the average, our agent specialists have 15 of years experience servicing used car, new car and recreational vehicle dealers. Their expertise includes the areas of underwriting, risk management, claims, loss prevention and control, and insurance coverage’s including: garage liability, property, workman’s compensation, auto dealer physical damage, contingent liability, excess liability, employment related practices liability, dealership surety bonds, crime, flood, and life and health products.

WHAT WE DO…

  • We review your existing insurance program for adequacy or defect while continually monitoring and informing you of changing insurance exposures. The cornerstone of our review includes the completion of a survey for the 9 Leading Causes of loss in dealerships:
  1. Auto Liability / Auto Collision ( i.e negligent entrustment, employee use of company autos, contract and non-contract drivers etc )
  2. Workers Compensation ( i.e automotive lifts and safety, electrical safety, drug free workplace, OSHA record keeping requirements etc )
  3. Theft-Inventory & Employee (  i.e video security and surveillance cameras, key control management, fraud and embezzlement, internet theft etc )
  4. Employment-Related Practices ( i.e sexual harassment and discrimination, military reservists called to active duty, do you really know who you are really hiring? Etc )
  5. Fire ( i.e handling of flammable liquids and compressed gasses, servicing gasoline tanks, safe welding and cutting, Tire Retreaders: preventing chamber fires etc)
  6. Products and Completed Operations ( i.e road testing customer autos, modifying trucks and SUVs, tire rotation and 4 wheel brake service etc )
  7. Statute and Title Errors & Omissions  ( i.e Regulation Z disclosures, spot deliveries gone bad, salvaged vehicles on your lot, third party product disclosures etc )
  8. Premises Liability ( i.e liability exposures :use of subcontractors, slip and fall hazards, snow and ice loads and other winter hazards etc )
  9. Protecting Your Business ( i.e violence in the workplace, dealer plate access control, binding arbitration-employment, disaster preparedness etc )
  • Create a professional submission on your behalf to prospective insurer(s) while aggressively negotiating to obtain program and pricing improvements.
  • In an ongoing effort to contain and control policy pricing, our Loss Prevention Program includes such activities as; 
  1. On site safety inspections to identify problems and develop recommendations for loss prevention and control.
  2. Safety audits to determine if safety policies in force are being practiced and followed on a daily basis.
  3. Annual and interim loss analysis reports to management with complete loss history and recommendations to assist the dealer in reducing losses.
  4. Counsel and assist you with presenting insurance claims to the insurer.
  5. We review all claims to determine if any recommendation is necessary to prevent a similar future claim.

WHY WE ARE A BENEFIT TO YOU…

  • Lifetime Business Relationship Philosophy
    All too often in the business world, long term relationships based upon mutual trust are sacrificed on the altar of immediate gain. Our goal is not to maximize the number of customers we can acquire, but rather to temper the acquisition of new customers with the nurturing of existing customer relationships we have. A concrete example of our commitment to this philosophy is our large, experienced support staff. Our business model is quite unique in our industry in that our support personnel have an average of 8 years insurance business experience. On the average, each of our agents has 1 support person to assist them, where the industry average is one support person for every 3 agents!
  • Verifiable Track Record of Automotive Dealer Insurance Expertise
    Among our many auto dealer clients are some high profile dealerships such as; Motor Werks of Barrington, Mc Grath Automotive Group, Luxury Motors etc. Other vehicle clients include used car dealers, motorcycle dealerships, watercraft dealers etc. testimonials are available upon request.
  • One Stop Shopping Convenience
    When you have a claim or policy question, you have the peace of mind in knowing that in addition to a staff of experienced auto dealer insurance agents, we also possess a ‘deep bench” of support personnel. Our Customer service personnel can answer the questions that arise with respect to coverage, claims, billing and any other insurance related questions.