Motor trade insurance is designed to help protect people in the vehicle industry from loss or damage relating to their business. Many people assume it just covers the vehicles, but it can be far more wide-ranging than that.
A motor trade policy can combine several types of insurance cover under one policy. This can include, but is not limited to public liability insurance, employers’ liability insurance, property insurance and road risk insurance if it’s a Motor Trade Combined Policy. Road risk only insurance policies are available.
What businesses are Motor Trade Insurance designed for?
Motor trade policies are designed is vehicle traders and repairers, MOT centres, gargers (plus much) with cover to help them if a claim was made against the business.
Many insurance providers also offer dedicated coverage options for part-time traders, traders working from home, mobile traders, and specific automotive businesses.
Please speak to PHP Insurance whereby we can work with you to assess your bespoke business requirements.
Depending on your circumstance, you’re more than likely to have either a Combined motor traders insurance or a Road Risk only policy. This will depend on your business’ assets, activities and the level of cover you’re looking for.
- Road Risks Insurance is designed for full or part-time motor traders who are looking for cover towards driving their own vehicles or their customer’s vehicles for motor trade purposes. As well as for fire, theft and storm damage.
- Motor Trade Combined insurance provides cover towards road risks, but it also provides additional levels of protection towards your buildings, contents, equipment as well as public liability for example.
Depending on your needs, policies can offer comprehensive, third party fire and theft or third party only cover.
Subject to your circumstances and level of cover needed, you may would like to consider Business Interruption, Goods in Transit and Loss of Money and although other cover is available. Please contact us so we can make sure we help find the right cover for you and your business.
