International Brokerage & Surplus Lines, Inc. (IBSL) offers a comprehensive Dealers Open Lot (DOL) and Garagekeepers Legal Liability (GKLL) Program designed specifically for the automotive industry. Whether you’re helping a client that operates a dealership, valet service, or vehicle storage facility, this program delivers the flexibility and coverage options needed to protect their operations against physical damage losses and liability exposures.
Overview of the Program From International Brokerage & Surplus Lines, Inc.
This specialized program provides Physical Damage coverage for both new and used auto dealers under the Dealers Open Lot segment, as well as Garagekeepers Legal Liability for service providers who handle customers’ vehicles. Underwritten through Lloyd’s and offered on a non-admitted basis, this program is available in all 49 contiguous U.S. states, delivering broad access and competitive solutions to your clients across the country.
Ideal Accounts and Appetite
You can place a wide variety of accounts in this program, including:
- New and used car and truck dealerships
- Service garages and repair shops
- Valet and drive service operators
- Vehicle storage or parking services
This program is an excellent fit for single-location or multi-location operations, and special consideration is given to agents transferring existing books of quality business.
Coverage Highlights and Advantages
- Furnished Car Coverage – First two drivers included at no additional charge; add more for a nominal fee under the DOL policy.
- False Pretense Coverage – Available under DOL for a small additional premium.
- Flexible Rating Options – Larger accounts may qualify for value reporting, monthly payment plans, retention options, or large deductibles.
- Online Quoting – Quote functionality is coming soon to enhance ease of submission and turnaround times.
- Competitive Rates – Designed to meet the pricing needs of small to mid-sized automotive businesses.
Underwriting Notes and Submission Tips
This program is underwritten through Lloyd’s and is non-admitted. While there is no published minimum premium, submissions should include full details of the account including vehicle inventory values, number of locations, and any loss history. The underwriting team at IBSL is experienced and responsive, especially when reviewing larger or more complex risks.
Territories and Availability
This program is available in all 49 contiguous U.S. states, providing nationwide access for agents and brokers placing automotive-related risks.
Why Work With International Brokerage & Surplus Lines, Inc.?
IBSL brings deep expertise and market access to niche automotive risks. With strong relationships at Lloyd’s and a focus on flexible, responsive underwriting, they are well-positioned to help you place hard-to-fit accounts or consolidate multiple locations into one streamlined policy. Whether you’re submitting a single-lot used car dealer or a multi-state dealership group, IBSL provides the tools and support to write and retain this class of business.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Ideal accounts include new and used car dealerships, truck dealers, vehicle service and repair shops, valet services, and vehicle storage operations.
Is this program admitted or non-admitted?
This program is written on a non-admitted basis through Lloyd’s, offering greater flexibility in terms and conditions.
Can I place accounts in multiple states?
Yes, this program is available in all 49 contiguous U.S. states, making it ideal for multi-location or multi-state operations.
What additional coverages are available under DOL?
Furnished Car Coverage and False Pretense Coverage can be added to DOL policies, with favorable terms and minimal additional premium.
Are there options for flexible payment plans?
Yes, larger accounts may qualify for monthly payments, value reporting, and other flexible rating options including retentions and large deductibles.
Need help placing an account? Connect with a market specialist.