Insurance services

Insurance is more than simply protecting the cars on your lot. It involves optimizing a dealership’s profits while protecting against a wide variety of potential losses. Wells Fargo Insurance Services professionals may be able to help you increase the value of premiums spent, develop cost-saving strategies, attract and retain quality employees, and ultimately place you in a stronger financial position.

Dealer insurance products
Wells Fargo Insurance Services offers industry-specific support for dealerships and owners. These insurance professionals have decades of experience identifying and reducing exposures for hundreds of clients who face similar operational challenges.

We are able provide wholesale floorplan insurance* to ensure business continuity in case of unplanned expenses. Physical damage coverage can give you peace of mind that your assets are protected and your exposure is minimal. This coverage provides:

•   Comprehensive collision
•   Economic loss coverage
•   Spot delivery
•   Impending damage
•   False pretense
•   Credit identity fraud

Wholesale floorplan insurance covers all inventory in a single policy, which reduces administration time and cost. Premiums are based on exposure and experience, so your solid track record may help curb expenses.

General insurance
In addition to dealer-specific policies, Wells Fargo Insurance Services can help reduce the daily concerns of owners around business continuity, talent attraction, employee retention, and cash management. We provide access to a full suite of insurance products, including:

•   Property liability
•   Casualty liability
•   Cyber risk
•   Worker’s compensation
•   Employee benefits (medical, dental, life, accidental death and dismemberment)
•   Third-party benefits administration
•   Healthcare reform support

*Underwritten by CorePointe Insurance Company, formerly Chrysler Insurance Company.

Insurance products are offered through non-bank insurance agency affiliates of Well Fargo & Company and are underwritten by unaffiliated insurance companies, with the exception of crop and flood insurance. Crop and flood insurance may be underwritten by Wells Fargo Insurance Services’ affiliate, Rural Community Insurance Company.