Valet parking coverage: don’t drive straight into problems
Valet parking is highly appealing to consumers because of one main factor: convenience. When you’re pressed for time or can’t seem to find parking, valet service is always your best option.
You don’t think too much about who you’re handing your car’s keys to – it’s all about getting to where you need to be and parking without hassle.
Considered to be one of the most luxury services in the customer-service industry, valet parking can also be one of the priciest and high-risk when it comes to mishaps and errors.
But rest assured, most parking and valet companies have the proper insurance coverage’s to operate.
According to the National Parking Association, it’s typical for operators to carry a minimum of $5 million dollars in general liability insurance and $1 million in garage keepers legal liability insurance.
At Pettineo Insurance Agency, we offer complete-customized coverage for valet parking businesses in Florida.
Here’s what we cover:
General Liability or Garage Liability: The most basic, yet essential business insurance policy. General Liability covers multiple operations, including services you provide. For example: personal injury caused by a valet (if a pedestrian is accidently struck), parking lot conditions (slip and fall accidents at your valet parking business), or if your employee damages a vehicle while parking on premise where you can be held liable.
Garage Keeper’s legal liability: As a business owner in the valet service industry, it’s common for you to have vehicles on premise at all times. During that time, there’s always the risk of vandalism, being damaged in a collision, or theft. Garage keeper’s legal liability protects you from lawsuits against property damage and loss resulting from collisions or vehicle thefts that occur in the insured lot or garage – even if you don’t own the property.
Workers compensation: Parking hundreds of vehicles a week and dashing through parking lots can take a toll on valets. Workers compensation protects your employees from work related injuries such as getting hit while in a client’s car, or slipping in an oil slick and pays for their resulting medical costs and lost income.
Employee dishonesty insurance: Unfortunately, you can’t always be on the lookout. Don’t let a dishonest employee ruin your business and reputation! To protect your business from an act of a dishonest employee (stealing personal belongings from clients cars or cash tips) invest in employee dishonesty insurance.
Crime Insurance: Everyone knows valet is mainly cash-only. As a business with plenty of cash on hand and pedestrian traffic, you’re at an increased risk of theft and other crime. Protect your business from potential losses from criminal activity with crime insurance.
Our objective is to identify and minimize our clients’ exposure to risk. Because the valet service industry is considered to be high-risk, it’s important to make sure you’re getting the most out of your premium and not just the cheapest.
No matter what type of valet service you own, self-park lots or off-premise parking lots, Pettineo Insurance Agency in Florida can tailor a policy for your specific needs.
Service makes all of the difference in your business – and the same goes for us at the Pettineo Insurance Agency. We’re here at your service! Contact us today at 954-493-9424 or visit our website at www.pettineo.com for any of your questions about valet insurance in Florida.
Pettineo Insurance Agency Inc. provides insurance in Fort Lauderdale, Lauderdale-By-The-Sea, North Lauderdale, Pompano Beach, Oakland Park, Boca Raton, Deerfield Beach, Hollywood, Sunrise, Coral Springs, Pembroke Pines, Sunrise, Tamarac, Plantation, Lighthouse Point and all of Florida.
