Motor Trade Insurance
Motor Trade Insurance provides protection for anyone working with motor vehicles; from car dealerships to MOT test centres. While policies are tailored to your specific business needs, cover can be divided into two basic categories:
- Road Risks
- Combined Insurance
Road Risks
This covers vehicles belonging to (or associated with) your business; allowing you to be on the road and to trade legally.
A motor trade policy is a policy that covers a motor trader to drive any vehicle that is their property and any vehicle “under his custody or control for motor trade purposes.” This is vital when a motor trader has several vehicles in their care – customers’ vehicles and demonstration use (including testing of customers’ vehicles and demonstration of vehicles for sale).
Cover can also be provided for stock vehicles for sale (including those either on a forecourt or standing on the highway) and the motor trader’s own vehicles.
Combined Insurance
Many Motor Traders have made considerable investment in the tools and equipment stock. Trading from premises brings with it additional risks to consider such as damage to the buildings themselves.
Combined policy offers cover against the following:
- Damage to the business premises where they are owned by the motor trader or are liable for repairs under the terms of their lease
- Any contents on the business premises, such machinery, plant, fixtures and fittings
- Tools used for the purposes of working as a motor trader
- Employers Liability
- Public Liability
- Product Liability
- Damage to vehicles left on the business premises, whether stock or owned for personal use
- Theft of money
- Business Interruption
- Personal Possessions of customers and employees
Please send us an email below with your requirements or contact us by telephone on 01639 646464.
