The valet parking business has changed over the past few decades. Once reserved for the elite class, it has now begun to filter into the mainstream as a common parking option for big cities. It may seem like a simple toss of the keys, but a valet parking insurance policy is crucial to protecting the business, the car, and any passerby.
Protection from Damage
One of the main liabilities of running a valet service is the responsibility for any damage done to the vehicle. A good insurance policy can help to cover expenses involving:
Hiring safe drivers is a must, but it is important to be properly covered since they are not the only ones on the road.
Protection from Injury
Another component that a policy covers is any injury made while the car is in the valet’s possession. The vehicle may be driven on public streets where a collision and injury is possible. A valet service needs to be covered if a person is injured while the vehicle is in motion.
Valet is growing in popularity, and it is an excellent service to provide in a city where parking may be tricky. Make sure to have the right valet parking insurance policy to protect your business and your drivers.