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MARSH’S COVERAGE AND PROTECTION (CAP) DEALER INSURANCE SOLUTIONS

Automobile Dealers

Marsh Canada has insured auto dealers for more than 35 years. CAP Dealer Insurance Solutions is our auto dealer product offering a comprehensive general insurance coverage to Canadian domiciled franchised new automobile and other dealerships. The product is accessible across all provinces in Canada through an extensive distribution network comprised of both sub-brokers and Marsh brokers.

The Marsh Advantage

  • Risk control driven program with the ability to offer competitive prices according to exposure
  • Access to an exclusive Risk Gap model offered only by Marsh
  • Tailored manuscripted wording catering to the automotive industry as a whole but also to each segment of the industry’s individualized exposures
  • 24/7 Dedicated claim service available throughout Canada provided by an experienced team  knowledgeable about the automotive industry
  • Supported by financially sound domestic and global insurers that are well capitalized and experienced in the dealership sector
  • Frequent and relevant collaboration through regional meetings, and forums for current clients and prospects
  • The opportunity to join a captive program with peers in your industry to help minimize collective risks and reduce premiums
  • Ongoing collaboration with floor plan insurers both domestic and overseas

 

Service through collaboration

CAP Dealer Insurance Solutions has is sustained by collaboration between the following:

  • MARSH Wholesale Underwriting GroupProgram Underwriting and Management
    • Experienced in developing and administering niche and industry-specific insurance solutions
    • Preserving underwriting integrity and maintaining profitability
  • Marsh and Third-Party Sub-brokers - Distribution Network
    • 40+ distributions points throughout Canada providing local expertise and account servicing
    • Dedicated sales professionals experienced in the automotive sector
  • CNAInsurer
    • Large Property and Casualty insurer with access to increased capacity where required
    • Adaptable, savvy and nimble insurer responding to clients’ needs
  • Marsh Risk ConsultingRisk Control & Benchmarking
    • Conducting risk assessments and working with clients to minimize risk
    • Resource and experts in risk control solutions
  • ClaimsPro Inc. An SCM Company - Third Party Adjuster
    • Responsive and knowledgeable in claims handling
    • Proactive meet and greet service prior to claims

 

Coverage differentiators

  • Blanket Limit of Liability - Including all property, business interruption, and auto inventory
  • Crime extended to include coverage for Identity fraud expenses for dealer principals and designated executives
  • Directors and officers liability coverage including employment practices liability (EPL)

Product Highlights

Coverage and Protection (CAP) dealer insurance solutions

Risk and insurance services

  • Profile of industry-specific risks 
  • Use of loss analytics to offer customized solutions
  • Development of tailored products/services
  • Strong market relationships with insurers
  • Business Interruption – Pre-loss support and post-loss claims preparation 

Strong insurer relationships

  • Large volume of dealer insurance placed annually (Canada)
  • Utilization of dealer industry specialists
  • Specialized in-house underwriters with combined 100 + years’ experience in underwriting dealerships
  • Extensive dealer clients to benchmark rates 

Claims management

  • Streamlined claims reporting process, managed by ClaimsPro
  • Prompt and knowledgeable claims assistance during the full cycle of insurance claims
  • Dedicated claims staff (lawyers, engineers, insurance claims managers, and adjusters)
  • High-level provision of claims management service for all lines of coverage

Profile

  • Longevity, over 35 years in the dealership busines
  • Detailed understanding of dealer specific exposures
  • National network of risk control specialists
  • Provide industry-specific benchmarking data
  • National network of trained brokers specializing in dealer insurance
  • Expert claims service 

Targeted dealership operations

  • Franchised new car dealerships
  • Select used car dealerships
  • Recreational vehicle (RV) dealerships
  • Motorcycle/power sports dealerships
  • Heavy truck dealerships
  • Farm implement dealers
  • Boat dealers 

Industry involvement

  • Column Contributor to the Canadian Autoworld magazine
  • Local and regional risk prevention meetings
  • Periodic newsletters/ bulletins to dealers 

Additional services available

Building valuation

  • Marsh Risk Consulting’s Valuation Services Practice (VSP) assists organizations in ascribing insurable value to their property; buildings, contents, land improvements, and other insurable assets. VSP’s fixed asset specialists have the experience and qualifications to develop flexible solutions to help establish an accurate Statement of Values (SOV) 

 

CAP Dealer Insurance Solutions has been developed specifically for Canadian automobile dealers and has been tailor-made to accommodate your needs.