What is car park insurance, and why is it important?
Car park insurance isn’t a single policy, but a portfolio of cover that protects various aspects of your car park business. The main purpose of parking insurance policies is to ensure you are financially protected against any potential claims. Although many car parks operate under terms stating that vehicles are parked at the owner’s risk, operators may still face claims where negligence or a breach of duty is alleged.
If you have staff working in the car park, you will also need to ensure that your employer's liability insurance cover is up to date. If you own a private car park, Property Owner’s Liability Insurance may also be appropriate, depending on how the site is used.