https://completemarkets.com/company/norman-spencer/Auto-Insurance/
https://completemarkets.com/company/usrisk/parking-and-valet-operators-insurance/
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.
Frequently Asked Questions
What types of accounts are a good fit for this program?This program is ideal for valet parking services, self-park garages and lots, event parking companies, and parking operators managing private or commercial facilities.
Is Garagekeepers Legal Liability included in this program?Yes, Garagekeepers Legal Liability is included, with limits up to $250,000 per vehicle and $1,000,000 per location, and a $5,000,000 policy aggregate.
Are Hired and Non-Owned Auto and Professional Liability coverages available?Yes, these are available as optional endorsements and can be added to tailor coverage to your client's operations.
What is the minimum premium for this program?The minimum premium starts at $15,000, with final pricing determined based on risk characteristics and coverage selections.
In which states is this program available?The program is available in most U.S. states, including all major markets such as California, Texas, Florida, and New York.
Need help placing an account? Connect with a market specialist.