Comprehensive Insurance for Parking and Valet Operators
The Parking and Valet Operators Insurance Program from U.S. Risk Insurance Group, Inc. is a specialized solution designed for businesses that handle customer vehicles in any capacity. Whether your client operates a self-parking garage, offers assisted or valet parking, or provides parking services for special events, this program can help protect them from key liability exposures tied to their operations.
Ideal Accounts and Target Classes
This program is best suited for:
- Valet parking companies serving restaurants, hotels, hospitals, or event venues
- Operators of self-parking garages and surface lots
- Event parking services, including temporary or pop-up parking setups
- Private parking facility management companies
If you have a client who manages a commercial garage in an urban center or a firm providing valet services during large-scale events, this program is designed with their risks in mind.
Coverage Highlights and Advantages
U.S. Risk offers a broadened ISO-based form tailored specifically for parking and valet exposures. Key coverage features include:
- General Liability:
- General Aggregate Limit (per location): $2,000,000
- Premises/Operations Limit: $1,000,000
- Products/Completed Operations Aggregate: $1,000,000
- Personal and Advertising Injury: $1,000,000
- Damage to Premises Rented: $100,000 (limits up to $500,000 available for additional charge)
- Medical Payments: Excluded
- Garagekeepers Legal Liability:
- Up to $250,000 per vehicle
- Up to $1,000,000 per location
- Policy Aggregate Limit: $5,000,000
Extended coverages are available through the Garage and Valet Parking Operators Coverage endorsement. Optional enhancements include Hired and Non-Owned Auto Liability and Parking Operators Professional Liability.
Underwriting Guidelines and Minimum Premium
This program features a minimum self-insured retention of $5,000 (except $10,000 for vehicle theft) and a minimum premium starting at $15,000. U.S. Risk underwriters evaluate each risk individually, focusing on operational controls, loss history, and vehicle storage protocols.
Territories and Market Access
Available in most U.S. states, including CA, FL, TX, NY, IL, and others, this program is written through a variety of carriers with most placements in admitted markets. For a full list of eligible states, refer to the state availability section above.
Why Work With U.S. Risk Insurance Group
As a leading Managing General Agency, U.S. Risk leverages strong carrier relationships and years of experience in niche commercial programs. Their dedicated underwriting team understands the unique liability and property risks associated with parking and valet operations and is equipped to provide responsive service and customized coverage solutions that help agents succeed in placing hard-to-insure accounts.