Sentry Insurance launches risk management tool for auto dealerships

Sentry Insurance announces the launch of the unique Sentry Risk Factor. Sentry Risk Factor collects information through conversations with car dealers to help dealers assess, identify, and measure potential risks.

John Highland, director of Sentry Insurance, direct author, said, ‚ÄúSentry risk factors can help companies quantify risks that are less clear and often involve unexpected risks to avoid major losses for traders. Will help. ”

The first step in this process is for the dealer to thoroughly discuss the dealer’s business and current safety culture with a security guard representative.

This allows employees to identify risks in five categories: safety culture, vehicle risk, building and inventory risk, asset maintenance, and monitoring practices.

The sentry agent uses the Guard Risk Factor to assign a trader one of three ratings: Best in Class, Mid-Range, or Risk Factor based on information gathered during the initial call.

Based on the ratings, the tool generates reports with detailed results and recommends steps to help traders reduce risk.

Read More: Lifeguard Insurance Increases Worker Accident Compensation Program

The Guardian Risk Factor is available to current and future Lifeguard Insurance customers.

Sentry offers commercial insurance programs to more than 3,000 retailers across the country. John Deere and Harley-Davidson are recognized by dealers as the commercial insurance providers of choice.

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