Insuranks

Valet Insurance: Cost & Quotes From $30/mo

Table of contents
1. General Liability Insurance for Valets1.1. What Are Some Common Categories of General Liability Protection?1.2. What Are the Coverage Limits for General Liability Insurance?1.3. What Are Some Add-Ons Valet Businesses Might Want?2. Professional Liability Insurance for Valets2.1. What Add-Ons Should Valet Businesses Pick Up2.2. What Are the Coverage Limits for Professional Liability Insurance?2.3. What Does a Full Valet Service Do, and Do I Need Professional Liability Protection for It?3. Public Liability Insurance for Car Valeters3.1. Why Are Public Liability Policies Less Standard for Valet Businesses?4. Commercial Property Insurance for Valets4.1. What Are the Coverage Limits for Commercial Property Insurance?4.2. Add-Ons for Commercial Property Insurance for Valet Companies4.3. What is Not Covered by Commercial Property?5. Business Owner’s Policy for Valets5.1. What Coverage Limits Can You Expect From Business Owner’s Policy?5.2. Add-Ons for Business Owner’s Policy You Want for Your Valet Business5.3. Do I Want Business Owner’s Policy with Business Interruption Insurance?6. Commercial Auto Insurance for Valets6.1. What Are the Coverage Limits for Commercial Auto?7. Garagekeepers Liability Insurance for Valets7.1. What Are the Coverage Limits for Garage Keepers Insurance?7.2. Does Garage Keepers Insurance Cover Damage Even if the Customer Has Insurance?8. Workers’ Compensation Insurance for Valets8.1. Is Workers’ Compensation Legally Required?8.2. Are Independent Contractors Covered Under Workers’ Compensation?9. Valet Insurance Cost10. Best Valet Insurance Companies10.1. NEXT Valet Insurance 10.1.1. Pros10.1.2. Cons10.2. The Hartford Valet Insurance 10.2.1. Pros10.2.2. Cons10.3. CoverWallet Valet Insurance 10.3.1. Pros10.3.2. Cons10.4. Tivly Valet Insurance 10.4.1. Pros10.4.2. Cons10.5. Thimble Valet Insurance 10.5.1. Pros10.5.2. Cons10.6. Hiscox Valet Insurance 10.6.1. Pros10.6.2. Cons

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. 

General Liability Insurance for Valets


CoverWallet NEXT (Best)Thimble HiscoxThe 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?YesNoIncludedCan be includedNo
Hired/non-owned auto liability coverage included?YesNoExcludedCan be includedCan be included
Equipment breakdown floater included?No YesYesCan be includedCan 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:

  • A customer slips and falls while waiting for your valet service

  • When your valet is getting a customer’s car, they damage part of the interior


What Are Some Common Categories of General Liability Protection?

The general liability policy of your valet company insurance will primarily offer the following types of protection:

Premises and operationsProtects against bodily injury and property damage from ownership and maintenance of the business property.
Completed operationsProtects against customer claims from faulty products and completed operations
Indirect/contingentCovers negligent actions of independent contractors or others related to your business


What Are the Coverage Limits for General Liability Insurance?

Valet parking insurance with general liability coverage will have a coverage limit of $1 million per occurrence and up to $2 million in aggregate. 


What Are Some Add-Ons Valet Businesses Might Want?

  • Tools and equipment insurance–Provides financial aid for tools and equipment that get damaged during covered events

  • Cyber liability–Protects your business against potential costs that come from phishing, data breaches, and cyber extortion


Professional Liability Insurance for Valets


CoverWallet NEXTThimble (Best)HiscoxThe 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?YesYesYesYesYes
Waiver of subrogation included?YesNoYesCan be includedNo


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:

  • A valet driver forgets to lock the door to a client's car, causing some property to be stolen

  • One of your drivers parks a car in the wrong lot, which is damaged by construction nails


What Add-Ons Should Valet Businesses Pick Up

Professional liability insurance for valet parking company may be customized to include a few add-ons, including:

  • Prior acts coverage–Covers your business against perils or losses that occurred before your current policy

  • Additional insured–Lets you name additional parties to get insurance protection on your policy


What Are the Coverage Limits for Professional Liability Insurance?

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. 


What Does a Full Valet Service Do, and Do I Need Professional Liability Protection for It?

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

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:

  • A bystander gets their property damaged by a valet car.

  • A member of the public enters your valet parking lot and slips and falls


Why Are Public Liability Policies Less Standard for Valet Businesses?

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.

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Commercial Property Insurance for Valets


CoverWalletNEXT (Best)ThimbleThe HartfordHiscox
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 signsExcluded$2,500ExcludedExcludedIncluded
Accounts receivable ExcludedExcluded$5,000/$10,000ExcludedIncluded
Money and securitiesExcluded$2,500$1,000ExcludedIncluded
Lock and keys Excluded$2,500ExcludedExcludedIncluded
Business interruption floaterExcludedIncludedIncludedExcludedIncluded
Equipment breakdown floaterExcludedIncludedExcludedExcludedIncluded
Inland marine insurance floaterExcludedExcluded$10,000ExcludedExcluded
Employee dishonesty floaterExcluded$5,000$2,500ExcludedExcluded


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:

  • Your valet parking lot is damaged by a fire

  • Someone breaks into your commercial property lot and damages company property


What Are the Coverage Limits for Commercial Property Insurance?

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.


Add-Ons for Commercial Property Insurance for Valet Companies

The commercial property coverage of your valet business insurance can have these add-ons:

  • Flood insurance–Adds protection to damage from floodwaters if your policy doesn’t automatically include it

  • Business interruption–This policy can make an excellent policy to complement your commercial property policy because it protects from more abstract outcomes of commercial property damage like lost income and relocation expenses


What is Not Covered by Commercial Property?

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.




Business Owner’s Policy for Valets


CoverWalletNEXT (Best)Thimble The HartfordHiscox
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?YesYesYesYesYes
Name additional insureds for free?YesYesYesYesYes
BOP discount?YesYesYesYesYes


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 customer gets injured by a valet driver

  • Your valet parking lot sustains earthquake damage

  • One of your guests had their property damaged by a valet driver


What Coverage Limits Can You Expect From Business Owner’s Policy?

A BOP gives $500,000 commercial property coverage and $1 million-$2 million general liability coverage. 


Add-Ons for Business Owner’s Policy You Want for Your Valet Business

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.


Do I Want Business Owner’s Policy with Business Interruption Insurance?

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 for Valets

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:

  • If a business vehicle you own gets damaged in your valet parking lot or garage

  • If, during the course of business, your valet driver gets into a collision accident


Valet car insurance is often comprised of several different policies, which are listed below:

  • Auto liability–Auto liability coverage of commercial auto insurance takes care of costs if your commercial auto causes an accident that result in the injuries of third parties

  • Collision–This policy covers damage to business vehicles that result from vehicle collisions

  • Comprehensive–A policy that covers theft and virtually everything that damages your vehicle besides collisions

  • Uninsured/underinsured motorist–This policy provides coverage to supplement gaps in another motorist's lack of proper insurance

  • Roadside assistance–Roadside assistance covers the cost of gas delivery, tire delivery, towing, and other roadside assistance services for your car if it breaks down

  • Rental reimbursement–Provides a reimbursement when a commercial vehicle is out of commission, and you need a rental vehicle


What Are the Coverage Limits for Commercial Auto?

Typically you will get insurance coverage of $100,000 per person, $300,000 per accident, and $50,000 for property damage.


Garagekeepers Liability Insurance for Valets

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:

  • A customer vehicle is stored in your valet garage, but a criminal breaks in and vandalizes it

  • Someone steals a guest vehicle out of your valet lot


What Are the Coverage Limits for Garage Keepers Insurance?

Garage keepers insurance typically has an available coverage limit of $2,500 per occurrence. 


Does Garage Keepers Insurance Cover Damage Even if the Customer Has Insurance?

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 for Valets

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:

  • A valet driver gets injured in the valet parking lot and is unable to work

  • One of your valet employees slips and falls while getting out of a car, injuring their back


Is Workers’ Compensation Legally Required?

Yes, the majority of states require workers' compensation coverage for any business with full-time and part-time employees.


Are Independent Contractors Covered Under Workers’ Compensation?

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.

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Valet Insurance Cost


Cost per MonthCost per YearDeductible
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:

  • Have high deductibles 

  • Bundle two or more policies

  • Refusing add-ons if you don’t need them


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 MonthCost per YearBest for
NEXT$30$360Best overall; Fastest general liability insurance for valets
The Hartford$33$396Workers compensation insurance for valets
CoverWallet$39$468Comparing valet insurance quotes online
Tivly$41$492Comparing valet insurance quotes over the phone
Thimble$44$528On-demand coverage for valets
Hiscox$48$576Small 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.

Compare Cheap Valet Insurance Quotes Online

Get all the best quotes from leading providers in a click of a button!

Best Valet Insurance Companies

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 Valet Insurance

Pros

  • Best overall

  • Issues an online proof of insurance instantly

  • Fastest general liability insurance for valets

  • Great customer service and reputation

  • Excellent rates

  • Outstanding value for money

  • Get a 10% discount if you buy two or more policies

Cons

  • Couldn’t find any

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 Valet Insurance

Pros

  • Great policy selection

  • Can create specialized policies for high-risk customers

  • Renowned company for workers comp insurance

Cons

  • No coverage in Alaska

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 Valet Insurance

Pros

  • HNOA coverage automatically included in general liability insurance

  • High-tech dashboard for tracking policies

  • Compare quotes quickly online

Cons

  • Not an insurance company but an insurance broker

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 Valet Insurance

Pros

  • Grants coverage regardless of your risk profile

  • Compare quotes over the phone

  • A partner of reputable insurance companies

Cons

  • No online quotes

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

Our rating: 10/10

Thimble Valet Insurance

Pros

  • Short-term general liability insurance is available

  • Numerous add-ons to BOP

  • Streamlined quote and purchase process

Cons

  • No phone customer support

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 Valet Insurance

Pros

  • Tailored coverage

  • The majority of their customers have small businesses

  • Worldwide coverage

  • Automatic policy renewal

Cons

  • Online quoting not available all the time due to periodic site maintenance

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


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