Motor Trade Insurance is designed for businesses which work with customers’ cars. Whether you buy and sell vehicles, repair cars on your premises or carry out MOTs, this cover cover allows you to drive and test cars on the road, move unlicensed vehicles with trade plates, and more.
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We can arrange Road Risks Only cover but most businesses will require Combined Motor Trade Insurance, typically covering:
- Road risks
- Stock including vehicles
- Business premises
- Public, products and employers’ liability
- Engineering inspection
- Business interruption
- Legal expenses
Businesses and individuals involved in buying, selling, testing, modifying or repairing customer vehicles, uninsured, unlicensed or unsold vehicles require special, flexible motor insurance arrangements.
Motor Trade Insurance offers flexibility on drivers, vehicles and use. Where the motor trader has premises, a wide range of non-motor covers is also available as part of the package.
Road Risks Insurance covers vehicles which are in the insured’s custody or control for business while on the road. It also offers cover while vehicles are temporarily garaged in the course of a journey, but not on premises owned or occupied by the business.
Common Road Risks Extensions
Extensions can include private use, loan or hire of vehicles, tuition and demonstration, use for another business, private hire and contingent third party cover.
Combined Policies for Motor Traders
Most motor trade businesses need more than just road risks cover. Combined policies can cover non-motor risks including;
- Property damage to buildings, machinery, fixtures and fittings, stock and parts
- Employers’ liability
- Public liability
- Products liability
- Theft and money
Common Combined Extensions
Extensions can include defective workmanship, wrongful conversion and liability for signs and boards away from the premises.