Insurance gaps can expose your dealership to lawsuits, inventory losses, regulatory penalties, and unexpected financial hardship. This comprehensive guide explains the seven most common insurance mistakes made by independent auto dealers, including inadequate liability coverage, failing to carry Dealer Open Lot Insurance, letting dealer bonds expire, ignoring cyber risks, and not updating insurance as your business grows. Learn how to protect your dealership and avoid costly

Renewing your garage liability insurance is essential to keep your dealership protected and compliant. Start early, update your driver and inventory info, review coverage limits, and pay your premium on time to avoid lapses. Make sure your policy reflects any changes in business operations, including new employees, locations, or services. Working with a dealership insurance specialist like All American Bonds and Insurance ensures a smooth, fast renewal process with no gaps in