Best's Underwriting Report

Valet Parking Services

Best's Underwriting reports describe the hazards and loss controls of nearly 600 businesses and municipal services. Each report includes a detailed description of the industry and identifies the hazards and loss controls for those companies. The Hazard Index of each report quantifies the degree of liability in applicable lines of insurance.

Report Date: 1/28/2020 10:44:42 AM
Report Type: Update
Report Description: The Valet Parking Services report helps readers assess the insurance needs of businesses that provide attendants to park customers' vehicles upon arrival at an establishment and retrieve the vehicles when customers are ready to leave. Garage Keeper's Legal Liability, Automobile Liability, Workers' Compensation, and Crime are the lines of insurance coverage that carry the highest degree of exposure. Special exposures include losses due to fire and explosion, vandalism and malicious mischief, and vehicle theft; youthful drivers; and large amounts of cash from tips and/or parking fees. A related classification is Automobile Parking Facilities.

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