What is Motor Trade Insurance?
Motor trade insurance is a specialised type of insurance designed for individuals and businesses involved in the motor trade industry. This includes activities such as selling, repairing, servicing, or transporting vehicles.
Who Needs Motor Trade Insurance?
Anyone involved in the motor trade industry, whether part-time or full-time, needs motor trade insurance.
This includes:
- Service and repair garages
- Vehicle sales businesses
- MOT stations
- Mobile mechanics
- Body shops
- Classic car restorers
- Auto electricians
- Car dealerships
- Breakdown and recovery agents
- Tyre fitters
- Valeters
How Does Motor Trade Insurance Work?
Motor trade insurance is different from regular car insurance.
It typically includes:
- Road Risks Insurance: Covers driving customer vehicles or cars used in the business. This can be third-party, third-party fire and theft, or comprehensive cover.
- Liability Insurance: Protects against claims from the public or employees, including Defective Workmanship
- Combined Motor Trade Policy: Can include additional covers like premises insurance, tools, and equipment cover.
Why is it Important?
Motor trade insurance is crucial because it provides protection against potential risks and liabilities associated with the motor trade industry. Without it, businesses could face significant financial losses from accidents, theft, or damage to vehicles.
Link Insure have solutions for all types of trades within this industry, so get in contact today and we will be more than happy to discuss your specific requirements.
