Dealership insurer Risk Point L.L.C. is offering physical damage and garage package coverage for franchise recreational vehicle dealers.
The Vehicle Inventory Program provides physical damage insurance for dealership-owned vehicles, Dallas-based Risk Point said Monday in a statement. This includes coverage for demonstrators, shop rentals, furnished autos, vehicles held for consignment, and hired vehicles, Risk Point said in the statement.
Additionally, coverage will include property; garage liability, products and completed operations and transactional errors and omissions; garage keepers; and employee dishonesty, depositors' forgery, and other forms of crime, according to the statement.
A unit of car insurer Progressive Corp. has no duty to defend or indemnify a trucking company in a case filed on behalf of an injured driver because he is considered an employee under federal regulations, and therefore falls under a policy exclusion, even though the trucking firm considers him to be an independent contractor, says an appeals court.