Best's Loss Control Report

Valet Parking Services


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Best's Loss Control reports describe the hazards present in a wide variety of industries and municipal services. Each report includes a description of the industry, on-site inspection checklists to identify exposures and loss controls, and a Hazard Index chart that quantifies the degree of liability in relevant 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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