Garage Operations, Valet Parking, Storage Facilities and Similar Auto Risks - Vital Coverage Considerations

Businesses whose operations require that they take customers’ autos into their care, custody or control have unique exposures. Their legal liability associated with bodily injury and/or property damage to a third party while in possession of these non-owned autos presents substantial risk. Also, it is reasonable for the customer to expect their vehicle to be returned to them in no worse condition than when they left it and that any requested work be done properly.

Whether your client offers true garage services such as maintenance or repair of customer autos, simple customer convenience operations like valet services and parking garage operations or other services such as full-service carwash and/or detailing services, Commercial General Liability forms have limitations and outright exclusions that force the insurance professional to identify, analyze, control, finance and administer an effective risk management plan.

This presentation will concentrate on using the ISO Commercial General Liability Coverage Form, the Business Auto Coverage Form, and several important endorsements to manage the uncertainty associated with these operations.

• Introduction of the concept of legal liability and how it affects garage operations
• Overview of the types of businesses that have auto care, custody or control exposures
• Overview of typical care, custody or control exposures when dealing with autos owned by others
• Using risk management concepts to assess garage exposures
• Introduction of risk finance strategies with emphasis on ISO liability and property coverage forms

• Commercial General Liability Coverage Form (CG 00 01 04 13) and garage operation risks
• The Business Auto Coverage Form (CA 00 01 11 20) and garage operation risks
• Overview of Garagekeepers Coverage endorsement (CA 99 37 10 13)