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PARKING & VALET OPERATORS PROGRAM
Our program provides General Liability and Garagekeepers Legal Liability on a broadened, ISO-based form that has been tailored specifically to meet the coverage needs of businesses engaged in operations relating to the parking of customers' cars: including self-parking garages and lots, assisted parking, valet-parking, and parking for special events. Parking operations can occur at retail or office complexes; hotels; entertainment venues; restaurants; medical centers; high-rise residential facilities; and airports. The exposures may also include incidental operations in conjunction with parking such as: car washing, detailing, and minor repairs; moving a customer's vehicle to a repair facility for minor repairs; and basic concierge-type services such as luggage assistance or bellman operations.
The insurers used in the Parking and Valet Operators Program are Best-rated A XV or better. Excess limits of $50 million or more are also available, and we can provide coverage over airport shuttle vehicles and other "people movers."
LIMITS AND COVERAGE SUMMARY
General Liability Limits:
General Aggregate Limit (applies per location): $2,000,000
Premises/Operations Limit: $1,000,000
Products/Completed Operations Aggregate Limit: $1,000,000
Personal and Advertising Injury Limit: $1,000,000
Damage to Premises Rented to You Limit up to $500,000
Medical Payments: Excluded
Garagekeepers Legal Liability Limits:
Limit per Vehicle up to: $ 250,000
Limit per Location: $1,000,000
Minimum Self-insured Retention: $5,000
Minimum Premium: $15,000
Extended coverages are provided under the Garage and Valet Parking Operators Coverage endorsement, and
we can also include Hired and Non-owned Auto, and Parking Operators Professional Liability.
We require the following information in order to offer a quote:
Signed ACORD application (including Commercial Applicant, GL, and Umbrella sections)
Parking and Valet Operators supplemental application - download here
Five years' insurance company loss runs (valued within 60 days of expiration date)
A schedule of locations, including description and spaces - download here
A copy of the insured's employee hiring, training, and safety procedures
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