Running a valet service requires several key safeguards to protect your company’s operations. It’s important to adopt good hiring and training practices and carefully planned operating policies and procedures. Accident prevention protocols in addition to comprehensive insurance coverage can help you protect your operations against exposure to claims for personal or property damage.
Training Your Staff Effectively
Your work entails trusting individuals’ personal property to a dynamic workforce that may be frequently changing or moving between different locations. An important aspect of valet risk management is investing time in your employees’ training and supervision. It’s essential to include safe driving practices, proper cash handling, and good organizational as integral components of an effective training program.
Choosing the Right Insurance Coverage
Despite thorough training and excellent management, you still have to allow for the possibility of an accident occurring at your workplace. According to Daniels Insurance Inc, a minimum general liability policy should provide coverage for up to $5,000,000. It’s also required that you maintain a minimum of $1,000,0000 garage keepers legal liability insurance. It’s important to review your valet company’s operations with a specialist so you can determine what other coverage lines your business might need and how to select the right coverage amounts. Other coverage areas to consider include employment liability, theft or crime, employee dishonesty, and property insurance.