Anyone working in the motor trade industry needs to ensure that they have a sufficient level of insurance cover. Otherwise it could prove costly to your business. The motor trade includes buyers and sellers of vehicles, mechanics, MOT/service centres, bodywork repairers, transporters, breakdown and recovery services and any other business type that is involved with automobiles.
Having motor trade insurance will provide you with Road Risks cover. This allows you to drive any vehicle that is under your control, and this will protect you if you were to get into any kind of accident. Motor trade insurance does not just cover you, it can also be for demonstration purposes where a customer is test driving one of your vehicles.
It will depend on what your operation is as to what your policy contains. This could include: cover for tools, plant and fixed machinery, customer vehicles that are on site, public and employer’s liability, money, personal assault and stock. Generally, you will find that insurance providers will offer this level of cover for standard UK cars. But what if your motor trade business is involved with high performance, imported or modified cars?
Fortunately there are some motor trade insurance companies that will be able to offer extended cover for these vehicle types, allowing you to get the cover that you need for your operation.
Obtaining Insurance for your Entire Business
For those businesses that require liability insurance, buildings cover and tools cover in addition to insurance for the vehicles – you should know that there are a few insurance brokers that can package these together. This includes companies like Sky Insurance and a few similar insurers. This makes getting your entire business insured simple, straightforward and also affordable.
Anyone that runs a business involved with cars will need to take out insurance to protect themselves and their operation. What this will involve will depend on the type of business, but for the best level of cover and affordable prices you will need to use a specialist insurance provider that can offer tailored motor trader insurance. With this you will be able to run your business with peace of mind, knowing that you are fully protected if an accident were to occur on your site. You can also receive cover for your stock, tools and machinery, money and cover for public and employers liability.
