Sentry Risk Factor
Is your dealership’s risk management best-in-class? We want to help you get there. As a business insurance company with experience in the dealer industry, we can help protect your business when you experience a loss. But we want to do more than just help protect your dealership and your employees—we want to work with you to prevent losses from happening in the first place.
That’s why we offer Sentry Risk Factor, our risk assessment tool designed specifically for dealerships like yours.
How the tool benefits you
Improve your risk management culture
You want your dealership to be best-in-class. To get there, you need to take control of your business outcomes—and take the appropriate steps to help manage your risks and reduce the possibility of large losses.
Help ensure business continuity
When you experience a loss, it can slow down—or even temporarily halt—your business operations. Meanwhile, your competitors pass you by. Reducing risks helps you avoid putting your business, your employees, and your customers on hold.
Maintain your reputation
You’re well-known in your community and among other dealers. Consider what a large loss could do to your reputation. Doing what you can to prevent tangible losses helps avoid intangible results. If you have a claim, we'll be there to help you cover direct costs. However, no coverage can buy back your reputation. If a loss does occur, having a proven culture of safety can provide reputational armor.
How the tool measures your risk
To get started with Sentry Risk Factor, we'll meet with you to discuss your dealership's operations and safety culture. Based on the details of our conversation, we'll use our Sentry Risk Factor tool to create a detailed report with the following information.
Categories
Sentry Risk Factor evaluates your risk management in five categories: Safety culture, auto risk, building and inventory risks, service practices, and premises observations.
Rankings
Sentry Risk Factor assigns you one of these three rankings in each category, and one overall ranking: Best-in-class, Average, Red flag
Additional resources
The report also lists resources specific to areas of opportunity at your dealership. We’ll provide recommendations to help you implement changes and get on the path to being best-in-class.
Resources for reducing risk
Interested in learning about how you can start reducing risk at your business today? Take a look at these downloadable resources.
Prevent fires in your shop
The biggest threat of fire in your shop might be a $50,000 vehicle—or a 20-cent rag.
Understand hidden costs
All accidents have indirect costs—many of which you may not anticipate until it’s too late. These hidden costs can greatly exceed the amount your insurance company covers.
Identify and train quality drivers
Whether your employees drive personal or company vehicles, they represent your business when they travel for work.
