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What are the different types of motor trade insurance coverage?
Road risk insurance
This is the minimum legal requirement for a motor trade business and allows you to drive vehicles on public roads when conducting business. It also includes vehicles that don’t belong to you.
Combined motor insurance
This is a combination of covers, which includes road risk insurance and also protects your equipment and business premises. It is suitable for anyone operating from business premises in the motor trade.
Additional options for coverage include:
- Employers’ liability
- Public liability
- Product liability
- Material and equipment damage
- Money cover
- Tools cover
- Additional drivers
- Luxury vehicles
The right motor trade insurance policy for you will be a combination of the above. Working with experts to tailor the levels of cover to your requirements will ensure you get the best value coverage, as well as the reassurance that your insurance provider will be there for you should disaster strike.Get a Quote
Why choose us?
Expert features available at ChoiceQuote
- Road risks insurance or traders combined insurance
- Employers’ liability and public liability cover
- Different levels of indemnity available
- Instalment plans
- 24-hour claims line
- Dedicated call centre
- Reputable and established company
Do I need trade insurance?
If you run a business in the motor trade then you are legally required to have a basic level of trade insurance. Ultimately, you will need traders insurance if you have vehicles and staff under your care.
This applies to any type of business, including mechanics, car dealers, vehicle valets and small businesses. With such a huge range of different services and business models out there, it pays to tailor your policy to your unique requirements as a trader.
There are various types of trade insurance on offer that can help you protect the most important elements of your business. Understanding what these are is the first step in ensuring your operations are completely covered.
Speak to an expert, call 01625 885046