Table of contents
Valets are found in hotels, resorts, and other hospitality businesses. They help sort the guests’ cars out. It is vital for valet business owners to keep their business insurance up to date. Valet insurance is a combination of policies that protect you from medical costs and legal liabilities. Read further to know the policies included, valeting insurance cost estimates, and the best companies.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $300,000/$1,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $100,000 | $100,000 | $5,000 | $100,000 | $1,000,000 |
| Waiver of subrogation included? | Yes | No | Included | Can be included | No |
| Hired/non-owned auto liability coverage included? | Yes | No | Excluded | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
One of the most common types of valet insurance coverage is general liability insurance. This type of car valeting insurance protects your company from third parties who experience bodily injury and property damage at the hands of your business. Some situations to use this coverage include:
The general liability policy of your valet company insurance will primarily offer the following types of protection:
| Premises and operations | Protects against bodily injury and property damage from ownership and maintenance of the business property. |
|---|---|
| Completed operations | Protects against customer claims from faulty products and completed operations |
| Indirect/contingent | Covers negligent actions of independent contractors or others related to your business |
Valet parking insurance with general liability coverage will have a coverage limit of $1 million per occurrence and up to $2 million in aggregate.
| CoverWallet | NEXT | Thimble (Best) | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $1,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $2,000,000 |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Waiver of subrogation included? | Yes | No | Yes | Can be included | No |
Valet parking insurance coverage with a professional liability policy protects your company from legal challenges or medical expenses that occur due to an employee error. Some occasions when you can use this coverage include:
Professional liability insurance for valet parking company may be customized to include a few add-ons, including:
Coverage limits on professional liability range from $250,000 to $2 million. Typically, you want this type of valet service insurance to settle on a $1 million coverage limit to stay affordable but remain comprehensive.
A full valet service fully vacuums your car and cleans all the surfaces. They will often add a leather shine and a shampoo clean service for your interior. This valet liability insurance should cover the extra services that full valet services provide in case a workplace mistake or oversight results in a lawsuit.
Public liability insurance for car valeters acts like general liability insurance but only provides protection for claims by members of the public. Examples of when this coverage applies include:
Public liability insurance for car valeters is often not an option for many insurers since general liability typically offers the same coverage but is broader in scope.
Get all the best quotes from leading providers in a click of a button!
| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $330,000 | $25,000/$500,000 | $60,000 | $25,000 |
| Contents coverage limit (minimum) | $50,000 | $35,000 | $25,000/$500,000 | $60,000 | $15,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Included |
| Accounts receivable | Excluded | Excluded | $5,000/$10,000 | Excluded | Included |
| Money and securities | Excluded | $2,500 | $1,000 | Excluded | Included |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Included |
| Business interruption floater | Excluded | Included | Included | Excluded | Included |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Included |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Excluded | Excluded |
The commercial property coverage of your car valeting business insurance package covers damage and repairs to any commercial building and property contained within it. Some examples of situations to use this insurance include:
Coverage limits for commercial property are determined by the value and risk of what is covered under your policy. Typically this will amount to around $60,000 but will greatly depend on the value of your commercial property.
The commercial property coverage of your valet business insurance can have these add-ons:
Any intentional harm you do to your property will not be covered by the commercial property policy in valet parking business insurance packages. Moreover, you will not be covered if you fail to maintain your property and gets subject to things like insect damage.
| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $330,000 | $25,000/$500,000 | $75,000 | $75,000 |
| Optional policies can be added? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes | Yes | Yes |
A Business owner’s policy is a type of insurance for valet business that combines the coverage of commercial property and general liability into one simplified policy. This has the advantage of reducing your valet company insurance cost. Situations to use this insurance include:
A BOP gives $500,000 commercial property coverage and $1 million-$2 million general liability coverage.
Since a business owner’s policy lets you add on many kinds of policies, you will want to take advantage of business hazard insurance add-ons that protect your property against fire, theft, and windstorms.
Another good option is employment practices insurance. This policy protects you from any employees that try to sue you for harassment, discrimination, or wrongful termination.
Yes, if you have the budget, you should invest in business interruption insurance. Business interruption insurance can help you safeguard your profits from covered events.
Commercial auto insurance is a series of policies that protect any vehicles you use in your business and any liabilities they may incur. Some situations to use this coverage are listed below:
Valet car insurance is often comprised of several different policies, which are listed below:
Typically you will get insurance coverage of $100,000 per person, $300,000 per accident, and $50,000 for property damage.
Garagekeepers coverage for valet service offers protection for storing customers’ vehicles as a part of your business. It covers damages to customer vehicles in situations like:
Garage keepers insurance typically has an available coverage limit of $2,500 per occurrence.
Yes, direct primary garage keepers insurance covers customer vehicle damage even if the customer has their own personal auto insurance policy, regardless of who is found to be liable for the damage.
Workers’ compensation insurance is an insurance policy that pays for medical costs and lost wages for employees that get injured. This insurance policy will pay out in situations like:
Yes, the majority of states require workers’ compensation coverage for any business with full-time and part-time employees.
No, by default, independent contractors are excluded from workers’ comp requirements. You can choose to add them as additional insured or purchase a separate policy for independent contractors.
| Cost per Month | Cost per Year | Deductible | |
|---|---|---|---|
| General liability insurance | $51 | $612 | $0-$500 |
| Professional liability insurance | $60 | $720 | $500-$1,000 |
| Garage keeper’s liability insurance | $67 | $804 | $500-$1,000 |
| Commercial property insurance | $65 | $780 | $1,000-$2,000 |
| Business owner’s policy | $116 | $1,392 | $1,500 |
| Tools and equipment insurance | $62 | $744 | $500-$1,000 |
| Commercial auto insurance | $72 | $864 | $500-$1,000 |
| Workers compensation insurance | $92 | $1,104 | $2,500-$5,000 |
The average cost of valet insurance is $51 per month or $612 per year for a $1 million general liability coverage. Factors that may cause your actual valet insurance cost to be cheaper or more expensive are claims history, business history, revenues, policy limits, deductibles, location, and more. Here are some things you can do to decrease car valeting insurance cost:
In connection, here’s a table giving a further idea of the valet parking insurance cost by showing how much is a $1 million general liability insurance from companies we recommend:
| Cost per Month | Cost per Year | Best for | |
|---|---|---|---|
| NEXT | $30 | $360 | Best overall; Fastest general liability insurance for valets |
| The Hartford | $33 | $396 | Workers compensation insurance for valets |
| CoverWallet | $39 | $468 | Comparing valet insurance quotes online |
| Tivly | $41 | $492 | Comparing valet insurance quotes over the phone |
| Thimble | $44 | $528 | On-demand coverage for valets |
| Hiscox | $48 | $576 | Small valet businesses |
Finally, get a further grip of the valet business insurance cost by comparing quotes. Start by clicking the “Get Quotes” button on this page.
Get all the best quotes from leading providers in a click of a button!
Here are some of the companies to consider working with. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability insurance.
NEXT provides a great selection of policy options for valet business owners. They have general liability, professional liability, commercial property, and more. Their commercial auto policy has towing and labor built into the cost of the policy, and you get up to $100 per day for rentals for your car being in the shop.
NEXT has an A- rating with AM Best, as well as a B+ with the Better Business Bureau. AM Best is a financial rating report card like Fitch that rates different insurers. With a high rating, you can rest easy that the company will be around to pay for claims on your policy.
Best for: Best overall; Fastest general liability insurance for valets
Average cost: $30 per month
Our rating: 10/10
The Hartford has one of the best selections of add-ons to customize your valet business insurance. They have business owner’s policy, general liability, professional liability, commercial auto, and worker’s comp policies. The company offers an add-on for BOP to protect customer data and pay for costs related to customer relations. The Hartford has an A+ rating from AM Best.
Best for: Workers compensation insurance for valets
Average cost: $33 per month
Our rating: 10/10
CoverWallet is a digital marketplace where you can purchase insurance policies from different companies while comparing quotes. They have garage liability options through their partners in addition to staple policies that valet businesses would need. CoverWallet earned an A+ BBB rating for its good customer satisfaction.
Best for: Comparing valet insurance quotes online
Average cost: $39 per month
Our rating: 10/10
Tivly has over 200 partners that offer the entire range of policies that valet owners need. They have workers’ compensation, garage keeper’s liability, general liability, and more. Tivly has 20 years of experience that have netted them an A rating from the BBB. Call now to compare quotes over the phone.
Best for: Comparing valet insurance quotes over the phone
Average cost: $41 per month
Thimble has one of the quickest processes to get your policy up and running. Similar to NEXT, this company allows you to get a quote for general liability, commercial property, and other policies without providing a lot of business information. They have a separate business contents add-on for commercial property insurance. Thimble secured an A+ rating from AM Best and an A+ rating from BBB also.
Best for: On-demand coverage for valets
Average cost: $44 per month
Our rating: 10/10
Hiscox offers tailored and customized policies with an emphasis on small business clients. They have resources for how to start and grow your business and offer policies like general liability, professional liability, workers’ compensation, and others. Hiscox has helped over 500,000 small businesses get policies and has an A rating from AM Best.
Best for: Small valet businesses
Average cost: $48 per month
Our rating: 10/10
2 / 10
I purchased a year long policy for my small business I paid for the year up front. First they sent me the incorrect paperwork and acted as if I had something to do with the mistake. About three weeks later I received a bill for the policy. I then sent countless email as the payment did clear my account. About a week later I'm told they have no record of my payment. Now I have to send any documents proving I said then. It went on for weeks. More requests of proof from this person then another.... Read More
10 / 10
Simple online quoting and purchase. excellent mobile app. claims filing via phone, website or app. Combines competitive rates with excellent customer experience. Progressive provides all of the coverage a small business needs. not to mention its financial strength
10 / 10
Excellent business insurance coverage tailored to your business needs in good rates, professional customer service, pays claims fast and fairly. Recommended!
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
9.4 / 10
Fastest ever online insurance quote and purchase! Also, great rates and professional customer reps that helps with whatever you need, if you need. Nice company!
2.8 / 10
Embroker sells a product that it doesn't honor. We purchased a combination D&O and EPLI policy. However, when it came to renewal, it told us that we only had D&O coverage even through our ACCORD certificate clearly mentions we have both. Basically they refused to honor the EPLI coverage and will leave you hanging with the bag. At time of renewal, they more than doubled our quote to get similar coverage. Basically BAIT & SWITCH. Unacceptable tactics. Easy to buy and pay but you may not be... Read More
2.8 / 10
Great platform. Terrible policy. There is no teeth behind it. No coverage. It's a fake policy that they sell. Sold us an EPLI policy that later we came to find out had no EPLI coverage. Amazing that they can get away with outright fraud. Check the positive reviews. They are all 'Anonymous' posted by Emroker staff. Stay away and find a real policy that will actually provide you coverage. We've been bitten by them and hope to find restitution via a lawsuit.
Paul Burns Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
It has been 70 days since I made a claim on the roof of my building. No one from the company will return calls. We are in hurricane season and located in Louisiana. My building is tarped to secure it.
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
They are the worst, my truck was hit in January 23 and the claim adjuster has not been out to this very day! They have every excuse in the book as to why. They have not been to the collision shop. PLEASE AVOID THESE SCAM ARTIST!
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Avoid these SCAM ARTISTS! They don’t pay claims!!! Save yourself the trouble and money!
Kasey Arey Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
This company gives you a price that was in place for a year and when you have to use it there is fine print were they can go back and charge you more. Would not recommend them to any one. Crooks
John Murphy Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Worst insurance comapny I have ever dealt with. A commercial vehicle represented by GUARD t boned my wife and daughters family vehicle in the middle of the day. Driver was cited and insurance claim insued. Fast forward 4 months and refusal of full amount of claim is still happening. Driver was found guilty, repairs started on my vehicle and when it comes to the final bill and diminished value we cannot get any help. I am out a family car, have an injured and traumatized wife and children,... Read More
Harshadray Patel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Extremely bad service, when you call , will make you wait on the phone for ever (over an Hour) and still no one to answer , so you end up hanging up. To cancel the policy, bounce you from one department to the other. They are supposed to refund from the date other insurance started and after sending the proof of other insurance policy, still they did not refund based on that actual date instead they use the date i managed to get hold of them. They charged me $7000.00 for a year's insurance on... Read More
Aaron Wensel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Guard Insurance is terrible. They were so bad I cancelled them because them couldn't figure out why I would never get a paper copy of the bill . Verified my address with them and still intermittent billing. I cancelled them in March through my local broker. Today 6/27 I get a letter in the mail from a collections company saying I owe 87.97. This was the first myself or my broker heard of owing this money. Here is some advice for this failure of a company send me a god damn bill and I will pay.... Read More
Michael Swink Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
My employer had to have workers compensation by law. He obtained a policy through this Berkshire Hathaway GUARD and they failed me. I fell from a ladder and fractured my spine in 7 different places, my clavicle in 4 places, and the base of my skull. Going to my Dr visits I was prescribed medication for pain and the insurance company placed a pre-authorization hold on me picking up the medication from Walgreens. The hold lasted 5 days! My weekly benefits have never been on time, right now... Read More
2 / 10
I never purchased the policy. The person I spoke with "Bruce" was condescending and argumentative. He kept repeating himself and talking in circles telling me what I HAVE TO DO, basically trying to bully me into purchasing commercial insurance. I wouldn't use this company if they were paying me!
9.8 / 10
Chubb provides business insurance coverage for all size of businesses, from small local ones to huge multinational corporates, they are very fast to respond to your claims, their business insurance coverage is very advanced while being tailored to your needs, aka covering you from all sides without over-covering you to make you pay more like some companies do. I'm a very satisfied customer.
9.7 / 10
Very annoyed in 2020 they do not offer online quotes, however they are great at everything else. The coverage is amazing, customer service is world class, value of money is great (even when their rates are not the cheapest), fast and excellent handling of claims, very dedicated and business focused. The only other issue is since they cover all types and sizes of businesses, they do not seem to specialize in any of them specifically.
2 / 10
I purchased a year long policy for my small business I paid for the year up front. First they sent me the incorrect paperwork and acted as if I had something to do with the mistake. About three weeks later I received a bill for the policy. I then sent countless email as the payment did clear my account. About a week later I'm told they have no record of my payment. Now I have to send any documents proving I said then. It went on for weeks. More requests of proof from this person then another.... Read More
10 / 10
Liberty Mutual is one of the more simple companies to deal with. I had to file a claim for my business owner policy after I caught one of my employees stealing a large amount of products from my business. Liberty mutual paid the claim fast and with no efforts. I wish the legal process was as easy…
10 / 10
Simple online quoting and purchase. excellent mobile app. claims filing via phone, website or app. Combines competitive rates with excellent customer experience. Progressive provides all of the coverage a small business needs. not to mention its financial strength
0 / 10
State Farm's business insurance was such a bad choice for us. Worst communication, very unprofessional. Been insured for over 12 years through a local statefarm agent who we were having insurance for our own home, our personal cars, our own health insurance, workers compensation, all of our commercial autos that serve our business - our agent didn't inform us of raising our premium rates, of certain inspections, and send us very rude emails upon our policy cancellations that were caused by his... Read More
10 / 10
Extremely helpful, kind and knowledgable customer service team! I received a business insurance package that was tailored and personalized to my exact business needs! Excellent liability insurance. Their pricing for business insurance is not the most affordable you'll find, however it's better to pay more and know that you are covered well. We got coverage for $1M. In regards to claims, I haven't had any experience so cannot attest, but the rest was excellent so I'm sure claims will be great as... Read More
10 / 10
Customer service is fast and efficient. They were very caring about issues that we faced, checked them all and resolved our claims fast. State Farm is an excellent company. They gave us excellent business insurance coverage that was customized to our precise needs. We worked together to build the most suitable coverage to our needs, nothing more or less, while making sure the rate is good enough. State Farm's business insurance cost was very good compared to other companies, while maintaining a... Read More
10 / 10
Excellent business insurance coverage tailored to your business needs in good rates, professional customer service, pays claims fast and fairly. Recommended!
10 / 10
highly recommended!
10 / 10
Their business insurance products are by far the best business decision I've made financially. Got us covered when we needed it and for such a bargain cost. Couldn't recommend more!
10 / 10
Excellent business insurance policies at cheap rates. Claim process was easy and helped us cover financial loss.
10 / 10
Great rates and excellent service. Our business feels safe.
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
9.4 / 10
Very pleased with Hiscox - their small business insurance rates are very good and they specialize in small business which gives me a peace of mind as a small business owner. So far so good!
10 / 10
Their customer service is absolutely fantastic. Very patient, knowledgable and provided excellent explanation of the purchased policy. I would highly recommend this insurance company to anyone that's looking to protect their business from unexpected expense. Thank you Hiscox for doing a great job for my business!
0.6 / 10
STAY AWAY! I wouldn't recommend hiscox small business liability insurance to anyone. Better not waste both your money and your time. Hiscox customer service is extremely unpleasant, not organized and not professional. It is the worst company we have dealt with in almost 25 years in business!
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Extremely fast and simple. Wasted a lot of time and money until I found these guys! I feel like my business is in good hands now.
Not all those who wander are lost.
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