While there are subtle differences in the coverage options you’ll need whether you are a franchised or independent motorcycle dealership, there are some coverages to consider either way. Known as dealers open lot or dealers physical damage liability insurance, this coverage offers protection for the motorcycles in your inventory when it comes to collision, loss, theft, and other causes of damage named under your specific policy. Also, consider garage keepers insurance, which provides coverage in the event that a customer’s motorcycle or their vehicle is damaged or stolen while under your control and possession. So, if you take a potential trade-in for a test drive, are working on a customer’s motorcycle in your shop, or are storing a customer’s ride, this coverage comes in handy as a much-needed layer of protection.