Connect coverage to the actual operation
Dealer errors and omissions coverage is distinct from garage liability. It is designed around specified wrongful acts in dealership paperwork or services, subject to the policy definition, exclusions, retroactive date, and reporting requirements. The application should accurately describe every covered dealer activity.
Risks to review
- Incorrect title, registration, or lien documentation
- Odometer, prior-damage, or warranty disclosure allegations
- Financing, credit, lease, or document-processing mistakes
- Late reporting under a claims-made coverage form
Information to prepare
- Retail, wholesale, finance, lease, and service revenue
- Written title, disclosure, and document-review procedures
- Prior E&O coverage, retroactive date, claims, and circumstances
- Sample sales, finance, warranty, and administrator agreements
Frequently asked questions
Is dealer E&O included in garage liability?
Do not assume it is. Garage liability and dealer errors and omissions address different allegations, and E&O may require a separate coverage part or endorsement.
Why does the retroactive date matter?
Claims-made coverage may require the alleged act to occur after the applicable retroactive date and the claim to be reported within the policy requirements. Actual wording controls.
Coverage descriptions are general. Eligibility, availability, limits, deductibles, valuation, exclusions, and policy terms vary by operation and insurance market. Actual policy documents control.