Valet business insurance offers liability protection if a valet driver causes injuries or property damage. It can also cover damages sustained by the vehicle while in the valet service’s care. Specific coverages include:
General liability: GL insurance protects against accidents that a valet attendant causes while operating the vehicle. This coverage pays for the medical expenses of an injured party, as well as the cost to repair or replace damaged property. If the party sues you, GL will also cover your legal expenses such as court costs and attorney fees.
Garage keeper’s liability: This insurance covers damage to a vehicle while it’s in the parking area, or if it’s stolen from the lot. For valet service contractors, the coverage applies even if the valet company doesn’t own the parking facility or lot.
XINSURANCE can provide a liability policy with limits of up to $10 million or as much as $20 million via our reinsurance partners. Please note that we do not offer workers’ compensation insurance for valet company employees.