The Types and Benefits of Valet Parking Services Insurance Coverage
As the founder and head of the CAH Palm Beach, Curtis Hennigar leads the management team and other employees and oversees the day-to-day running of the valet parking services company. With branches spread across a wide network, including Burlington, Vermont, the Twin Cities region of Minneapolis, and St. Louis, Missouri, Curtis Hennigar understands the importance of insurance coverage in the high-incident occurrence probability valet parking services industry.
The valet parking service is a high-risk business with primary issues including injuries, dents on the cars, full collisions, and car theft or vandalism. Thus, adequate insurance coverage is crucial, though it consumes a large chunk of the valet service start-up capital. A comprehensive and effective insurance package should cover general liability in case of injury to an individual because of your valet service. This includes slip and fall accidents within the vicinity of your area of operation and damages to the car while parking.
The second item is the garage keeper's cover for any sustained car damage, theft, or vandalism due to your employees' negligence while under your care. The liability cover indemnifies you as the owner from your employees' negligence and expensive claims that could lead to financial instability and even bankruptcy, especially where high-end vehicles are involved.
Lastly, the package should cater to workers' compensation. In this case, if your employees are injured while carrying out their services, workers' compensation insurance covers the medical costs and loss of income due to time away with injury fees.












