Motor Trade insurance can be a complicated and time consuming cover to discuss and arrange, which why Hall Commercial has access to a range of Motor Trade products that combine competitive premiums with quality cover, and can be specifically tailored to meet, or exceed, the requirements of most Motor Traders (no matter how large or small).
There are three main types of Motor Trade insurance to consider:
- Liabilities – Public, Products, Employers Liability, Service Indemnity and Defective Workmanship
- Internal Risks – Stock of Parts, General Contents, Business Interruption etc (many Internal Risks policies will also cover vehicles whilst on the premises, or within a certain distance from the premises)
- Road Risks – Own, Customers and Stock vehicles (although it should be noted, that some Road Risks policies will only cover vehicles when a vehicle is more than a certain distance from the premises – unless the “forecourt” extension has been included, or Internal Risks cover has also been selected)
But there are also many other types of covers that may be appropriate for you to consider also, such as (but not limited to);
- Directors & Officers Liability (if a Ltd company) – Legal Defence of allegations of executive mismanagement made against individual Directors of the business (such as misleading accounting, discrimination or harassment, unfair dismissal, breach of law)
- Engineering Inspection – periodic inspections of lifting or pressure equipment (a statutory requirement under Health & Safety)
- Computer Breakdown – Internal Risks policies may include an element of cover, but if your business relies on Computer Diagnostics of Engine Management Systems, a more bespoke Computer Engineering policy may be of more value to you.
Motor Traders insurance is suitable for:
- Auto Engineers & Electricians
- Bodywork & Spray Booths,
- Car Valet / Car Wash
- Mechanical Service and Repair
- Motor Factors/Parts
- New & Used Car Sales
- Tyre & Wheel Replacement
- Windscreen and/or Dent & Scratch Repair
If you would like a free appraisal of your existing business insurances, or are just looking for alternative quotations, please contact us to discuss your unique and specific requirements. If you are within 30 miles of our office, and paying more than £5,000 a year for your Motor Trade policies, we will be happy to come and visit your premises rather than you having to make a lengthy phone call.
The best advice we can give anyone looking for Motor Trade insurance is “don’t judge by cost alone” as the most expensive policy is, after all, the one that doesn’t pay your claim.