Motor Trade Insurance

Why Motor Trade Insurance is Required?

With few exceptions motor vehicle insurance is legally required for companies in the motor trade such as:

• car dealerships
• body-repair workshops
• service and repair garages
• self-employed mechanics
• car repairers
• mechanical engineers
• car electrical engineers
• panel beaters
• engine tuners
• MOT centres and servicers
• car and van valeters
• breakdown/accident recovery operators

Motor insurance provides the protection society requires from the consequences of financial loss from incidents associated with using a motorised vehicle for business such as a car, van, taxi, hgv or lgv.

Road risk

Road risk (3rd party only, TPFF and fully comprehensive) insurance is a legal requirement if you or your employees are to drive vehicles on Public Roads.

Combined insurance

Combined insurance policies are created from a number of policies (Employers Liability Insurance usually being legally required) to manage other risks and liabilities.

Reduce business risk

Combined policies provide cover for many aspects of a motor trade business, including public/employers/product liability (where relevant), business interruption, material damage (to protect buildings, contents, stock and vehicles), goods in transit, etc.

Your insurance broker will ask detailed questions about your business and the risks you wish to cover.