341 4th Ave, Indialantic, FL 32903
321-733-6253
info@DealerRiskServices.com

Author: Steve Gibson

Don’t Let Identity Thieves Spoil Your Vacation

July is the most active month for vacation time.  If you have not already taken the annual ‘’family trip’’ it will certainly be coming up soon. I’d like to offer a few tips to help limit potential disasters during your sojourn. While you enjoy your break from the grind of work, remember that vacation time …

Understanding DOC Coverage

With the beginning of the school year just weeks away, it’s a good time to review the coverage provided under the DOC portion of your Dealership policy. From a historical perspective, DOC coverage arose out of the need to provide Personal Auto Liability for people who do not own vehicles.  It provides 24/7 coverage for …

Two Hands on the Wheel

Remember that from Drivers Education? Okay, only us Baby Boomers remember the real Drivers Ed: Student Driver sign on the back of the car, Instructor in the passenger seat, two or three scared classmates in the back, and the vehicle moving very tentatively through traffic. “Eyes on the Road and Two Hands on the Wheel” …

The insurance dangers and safeguards in a dealership deal with an NDA

The current market of dealership purchasers includes the normal mix of the mega-dealers and the smaller “hometown” dealers looking to expand their footprint. But, we also see an influx of well-financed newcomers looking to make their mark on the automotive industry. Some of these are international purchasers who have enlisted experienced General Managers to safeguard …

Why privately-held dealerships should have Directors and Officers coverage

Most Dealers believe Directors and Officers coverage is only necessary for publicly-traded entities. Because the predominance of Dealerships are privately owned, they feel there is little or no exposure to Management Liability claims. However, private companies risk suits from competitors, governmental bodies, creditors, and even shareholders. Owners, Board Members, and Senior Management may find themselves …