Plan Insurance Blog

How to Assess and Mitigate Risks at Car Dealerships

Owning and operating a car dealership can be a very rewarding experience. After all, your car dealership offers customers the opportunity to find and purchase the perfect new or used vehicle that fits their unique driving needs. What’s more, car dealerships can also provide numerous services to help customers keep their vehicle in good condition and stay safe behind the wheel—including vehicle repairs, car washes, motor body services and more.

However, as a car dealership operator you also face a number of exposures on a daily basis and have to manage them appropriately in order to successfully run your business. It’s important to understand the challenges presented by these exposures, as they can cause significant damage to your property, serious physical harm to your employees and irreversible financial consequences for your business.

In addition to risks common to every industry, car dealerships face unique risks due to the movement of vehicles, the need to perform repairs, and the presence of various equipment and chemicals.

The below assessment form gives car dealership business owners the opportunity to self survey risk categories specific to their operation and to take the necessary action needed to address those risks. Following the completion of your review, should you wish to discuss any element with our commercial insurance experts please do not hesitate to get in touch on 0800 542 2743.

risks car dealerships
Click the above image to download our Car Dealership Loss Control Assessment Form

Risk Management Solutions

Effective risk management can aid the reduction of your company’s insurance premiums. But it’s not just about proactively avoiding preventable accidents.

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Failure to stay on top of Health and Safety protocols can result in serious financial consequences. In July 2020 motor sales company Perrys Motor Sales Ltd (PMS) of Northampton were sentenced for safety breaches after a worker developed Hand Arm Vibration Syndrome (HAVS). A fine of £140,000 was issued to the company as well as the requirement to pay over £7,000 in costs. The sanction related to a worker who regularly carried out small scale bodywork repairs using handheld power tools was diagnosed with HAVS.

The Health and Safety Executive (HSE) investigation found PMS to have failed to adequately assess and control the foreseeable risk. Following the worker’s diagnosis no action was taken to avoid further damage to the employee’s condition. The firm also neglected to report the injury to the authorities in line with legal requirements.

Are you concerned about the the potential disruption that could be caused to your business by an unannounced HSE Inspection? Plan offer affordable HSE Inspection Assistance cover. There are numerous benefits including cover against potential Fee For Intervention charges. Read more at the link above or speak with our team for further details.

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