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How much is valet insurance

how much is valet insurance

Why Valet Parking Insurance Is Important

Valet parking has grown considerably in popularity within the United States over the past twenty years. Not only has parking space become more limited, but more people who go to restaurants, hotels, and even hospitals are willing to pay a service to park and attend to their cars. On the downside, the rates of accidents, vandalism, theft and other incidents have also increased. If you offer a valet service to patrons, guests or patients, be sure to talk with an agent about your valet parking insurance needs.

Parking Lot Accident Statistics

Most valet parking incidents occur within a parking lot, rather than on public streets. Parking lots are notorious

sources of automobile accidents.

  • In a given year, nearly 300,000 accidents occur as drivers attempt to maneuver within a parking lot.
  • A 2007 "Not in Traffic" surveillance system determined that the following occurred in non-traffic crashes, such as single vehicle accidents and two-vehicle accidents in parking lots:
  • 98,000 injuries
  • 1,159 fatalities
  • About half of those non-traffic crashes involved backovers of pedestrians or bicyclists.

    Whether your company offers valet parking by your own staff members, or you have hired a valet parking firm to handle your customer parking needs, it is imperative to ensure you have the right business insurance and liability coverage.

    Category: Insurance

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