As the owner of a motor trade business, the risks you face may be very different from those of another business in the same industry. Motor trade cover needs to be as diverse as its industry and cater to the risks that a motor trader could be faced with.
What types of Businesses Need Motor Trade Insurance?
Business activities may be but are not limited to:
- Vehicle sales and servicing
- Mechanical repair and servicing
- Body repairs
- MOT test centres
- Tyre fitting and sales
- Mobile mechanic
- Auto Electricals
Road Risk Cover – Motor Trader Insurance Policy
Any motor trade business that involves driving their own or customers’ vehicles will more than likely need road risks cover. Road risks policies can cover any motor vehicle that is the property of the insured or in the insured’s custody or control in connection with the business, whilst on the road.
Motor Trade Combined Insurance
The sheer diversity of motor trade business means that most motor traders need more cover than just a road risk policy. A Motor Trade Combined policy may be more suitable for your needs as this can include a number of different covers to mitigate your business’ individual risks. A Motor Trade Combined policy can include:
Property Damage – Cover towards damages that your work premises may encounter such as flooding, fire and storm.
Employers’ Liability Insurance – Cover towards claims that your employees may make, in the event that they were injured or become ill due to work.
Public Liability Insurance – Cover towards claims that a member of the public may make, in the event they were injured or become ill due to members of your team, your property or business activities.
Business Interruption – If your business was unable to operate due to an insured event, business interruption would help towards providing financial support for the period that your business wasn’t operating.
Park & Stored Vehicles at a Premises – A combined policy can provide cover towards vehicles that are parked or stored at your premises.
The variability of motor trade policies means you should determine a cover limit that adequately protects your business. However, as business owners, you may not know what levels of cover you need to protect your business. That’s why you can rely on our experience and knowledge to find an insurance policy from our panel of insurers that caters to your needs.
Whether you’re an MOT testing centre or a large car dealership with a service and repair centre, our team are here to listen to your needs and find out how we can help.
Get in touch with our team today for a no-obligation motor trader insurance quote or a free review of your existing policy, call us on 01270 449449 or complete our quote form and we’ll be in touch with you as soon as possible.