What happens if a car is stolen from your dealership lot? Learn the steps auto dealers should take after discovering a theft, how dealer open lot insurance may cover the loss, what happens when a stolen vehicle is financed, and how to handle recovered vehicles. Discover practical theft-prevention tips and insurance considerations to help protect your dealership's inventory and reduce financial risks with guidance from All American Bonds and Insurance.

Car dealerships face a variety of liability risks involving customers, employees, test drives, vehicle inventory, property conditions, and daily operations. This guide explains how dealers can reduce liability risks by maintaining a safe dealership lot, establishing test drive procedures, securing inventory, training employees, documenting incidents, controlling access to hazardous areas, and maintaining appropriate commercial insurance coverage.

Open lot insurance is designed to protect a car dealer’s inventory from physical damage such as theft, vandalism, fire, hail, and other risks. It is a critical coverage for dealerships since inventory is often their largest asset. This guide explains what open lot insurance covers, what it doesn’t, how it differs from garage liability insurance, and how dealers can protect their vehicles and reduce risk.