https://completemarkets.com/company/ipmg/new-and-used-automotive-dealerships-workers-compensation-insurance/
Workers Compensation Solutions for Automotive Dealerships
Insurance Program Managers Group (IPMG) offers a Workers Compensation program built specifically for new and used automotive dealerships. Whether your client runs a single-location franchise, an independent used-car lot, or a multi-state dealer group, IPMG provides underwriting expertise, access to multiple carriers, and hands-on service to help you place these accounts confidently.
Ideal Accounts and Appetite
This program fits a wide range of dealership operations, including franchised and independent dealers selling new or used vehicles. IPMG accepts both established businesses and start-ups, making the program useful for agents working with growing or recently formed dealers.
Target classes include:
New car dealerships
Used car lots
Buy-here-pay-here dealerships
Dealers with service, repair, or detailing operations in-house
IPMG can also consider accounts with elevated experience modification ratings by placing through multiple markets and loss-sensitive options.
Example scenarios that typically fit: a three-location independent dealer with an in-house service bay and detail shop, or a start-up buy-here-pay-here lot with limited loss history seeking an affordable initial placement.
Coverage Highlights and Advantages
IPMG focuses on flexible Workers Compensation solutions backed by carriers rated A- or better. The program emphasizes market choice and practical placement options to match a dealer’s operations and loss profile.
Low minimum premium — starting at $500 in most states
Access to multiple admitted and non-admitted markets for competitive pricing
Options for high-mod and loss-sensitive accounts
Underwriting that supports businesses with limited operating history
Underwriting Requirements and Submission Guidelines
To speed quoting, include the following with your submission:
Completed ACORD application with a clear description of operations
Currently valued loss runs (if available)
Current experience modification rating (if applicable)
For start-ups or accounts with limited history, provide any payroll estimates and a description of on-site exposures (service bays, parts operations, detailing). Submissions are reviewed promptly and IPMG’s underwriters will work with you on attachments and market selection to fit the risk.
Territories and Availability
This Workers Compensation program is available in most states. IPMG writes in over 40 states, including: AK, AL, AR, AZ, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, MD, MI, MN, MO, MS, NC, NE, NV, OK, PA, RI, SC, SD, TN, TX, UT, VA, WI, WV and DC. Placement may be admitted or non-admitted depending on state rules and the specific risk.
Why Work With IPMG?
As a wholesale broker focused on Workers Compensation, IPMG combines specialized underwriting, broad carrier access, and a service-first approach. You benefit from tailored placement strategies, responsive claims partners, and support through binding and renewal to help retain clients.
Whether you are submitting a seasoned dealership with an established loss history or helping a start-up with limited data, IPMG can help you find competitive premium and an appropriate market.
Need help placing an account? Connect with a market specialist.
Frequently Asked Questions
What types of accounts are a good fit for this Workers Compensation program?This program is ideal for new and used automotive dealerships, including franchised and independent operations, and for dealers that operate service, repair, or detailing departments alongside sales.
Can start-up dealerships qualify for coverage?Yes. IPMG accepts start-up operations; provide a clear description of operations and any payroll estimates to help underwriters place the account.
What is the minimum premium for this program?The program’s minimum premium typically starts at $500 in most states, making it accessible for smaller or newer dealerships.
Are accounts with high experience mods considered?Yes. IPMG works with multiple markets and can consider accounts with higher experience modification factors, including loss-sensitive options where appropriate.
What documents are required for a submission?Submit a completed ACORD application with a description of operations, currently valued loss runs if available, and the current experience modification rating if applicable.
Need help placing an account? Connect with a market specialist.