Question 1

What is a common misconception about Product Liability for Auto Parts Retailers?

Accepted Answer

Auto parts stores think 'we don't make this — the manufacturer is liable.' You're a 'seller' in the chain of distribution. Plaintiffs name everyone.

Question 2

What happens if auto parts retailers don't have Product Liability?

Accepted Answer

A defective brake caliper you sold causes an accident — $80K injury claim. Even if manufacturer is on the hook, you're named and defended by your product liability.

Question 3

What is a common misconception about General Liability for Auto Parts Retailers?

Accepted Answer

Shop floors with parts/chemicals create slip/fall exposure.

Question 4

What happens if auto parts retailers don't have General Liability?

Accepted Answer

Customer slips on oil spill in aisle — $24K. GL pays.

Question 5

What is a common misconception about Workers' Compensation for Auto Parts Retailers?

Accepted Answer

Parts staff lift heavy items routinely.

Question 6

What happens if auto parts retailers don't have Workers' Compensation?

Accepted Answer

Back injury from lifting — $18K. WC pays.

Question 7

What is a common misconception about Commercial Property for Auto Parts Retailers?

Accepted Answer

Inventory values are high and turnover-driven; schedule realistically.

Question 8

What happens if auto parts retailers don't have Commercial Property?

Accepted Answer

Fire damages inventory — $400K. Property pays.

Question 9

What is a common misconception about Commercial Auto for Auto Parts Retailers?

Accepted Answer

Personal auto won't cover business delivery.

Question 10

What happens if auto parts retailers don't have Commercial Auto?

Accepted Answer

Delivery van rear-ends — $90K. Commercial auto pays.

Auto Parts Retailers Insurance Coverage Guide | RISKX