Rent A Frog Valet, LLC is fully insured to park cars anywhere in Texas. We carry a $2 Million Garage Keepers’ Liability policy.
This policy covers damage to a vehicle which was the result of a Rent A Frog employee’s actions.
An additional General Liability policy covers any injury or bodily harm, in the event an accident involving another person occurs as the result of the negligence of a valet attendant.
Rent A Frog Valet carries Workers’ Compensation on all its valet attendants.
Insurance in the valet parking industry is not always a straightforward matter. Consumers must be cautious as it is difficult to establish whether a company you are thinking about using has insurance which allows them to valet park cars on city streets, parking lots and/or third party property.
Here is what to look for:
Garage Keepers Liability (GKL) insurance covers the damage to cars due to the actions of a valet. Valet companies can “have insurance” but their coverage does not extend to street parking, it only covers the parking lot on location.
Be careful when contracting with a valet company since you will be left holding the bag if they don’t have the insurance to cover an accident at your home.
General Liability insurance covers the actions of a valet attendant in the event he/she damages someone or something besides a car.
Workers Compensation covers the valet parkers in the event they get hurt on the job. This insurance is always a must so corporations, businesses or homeowners do not have any liability exposure with the valet.
If you are shopping around for valet parking and a company doesn’t have all three of these policies, keep shopping!