441110

New Car Dealers

Cyber Liability Insurance for NAICS 441110

CYB

Ranked reasons a business in NAICS 441110, New Car Dealers, needs Cyber Liability coverage. Each reason is specific to how this industry actually loses money, and ends with the question to ask before the objection comes up.

  1. 01

    You hold a complete credit file on every buyer.

    • Credit applications carry social security numbers, income, and bank details.
    • Federal safeguards rules require a written security programme for that data.
    • Every buyer must be notified when it is exposed.
    ASK
    How many completed credit applications are stored in your systems?
  2. 02

    The whole dealership runs on one system.

    • Sales, service, parts, accounting, and inventory run on a dealer management system.
    • Service bays and the sales floor both stop without it.
    • A dealership cannot sell or repair a vehicle manually.
    ASK
    What happens to sales and service if your dealer management system is unavailable?
  3. 03

    Deal funding moves large sums by wire.

    • Down payments, trade payoffs, and lender funding all move by transfer.
    • Instructions are exchanged by email with lenders and customers.
    • A diverted payoff leaves a lien on a vehicle you already sold.
    ASK
    How are wire instructions verified before a payoff or funding transfer?

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