Motor Trade Insurance FAQs
At Alan & Thomas, we are dedicated to protecting your business whatever happens. Motor trade insurance has been one of our specialisms since we started up in 1975, so we like to think we are pretty good at it by now! As motor trade insurance brokers, our expertise means that we can get you the best combination of price and cover.
What Motor Trade Insurance do I need in the UK?
If you are a business that handles customer cars, then you need motor trade insurance to cover you should something goes wrong.
If you are new to the motor trade or have been working in it for many years, it is imperative that you have the right motor trade insurance. It can be tricky to obtain insurance if you are just starting a new motor trade business so you will definitely benefit from using the services of a quality insurance broker. Once you have got a good policy, you can go to work safe in the knowledge that you have a safety net there should something not quite go to plan.
What is a motor trade insurance policy?
A motor trade insurance policy is a cover for business owners and employees in the car service and repair or car sales industry.
Motor trade car insurance can cover you for driving your customer’s car but also any other interaction you have with it. Whether that’s driving it into the garage or changing a tyre – you will be covered.
What is motor trade combined insurance?
Combined motor trade insurance not only protects vehicles under your care but also the premises, machinery you have and liabilities you need covering.
This type of insurance covers your motor trade business in every aspect. Combined motor trade insurance policies can also cover multiple sites, so if you are a main dealer with a service and repair business at another location, it’s possible to get it all covered on one policy.
What is the cost of motor trade insurance?
The costs of motor trade insurance vary depending on the age of your business, whether you’ve made any claims and the size of your operation.
We pride ourselves on giving you the best experience when arranging your insurance, which includes helping you with risk management services. Our team of motor trade insurance brokers can provide you with a business continuity plan, as well as bespoke health and safety guides and access to experts in human resources, health and safety and business continuity as part of our service. This will help to identify any potential future problems and put actions in place to minimise the likelihood of making a claims and ultimately bring you lower premiums.
What kind of insurance does a car dealership need?
A car dealership needs motor trade insurance to protect the assets they are trying to sell as well as protection of the premises and associated liabilities. This is a form of combined motor trade insurance.
No matter the size of your car dealership, the is always the potential for significant financial loss if something doesn’t quite go to plan. Whether that’s in cars, machinery, or staff. You will need a motor trade insurance broker to help you get adequate cover and protect you against a claim.
What does motor trade insurance cover?
Typically, motor trade insurance can cover your employees to drive the vehicles that you handle within your business along with any damage you might cause when working on them, or if they get stolen whilst in your possession. Ultimately, if you would suffer financial loss if an incident occurred, whether its repairing damage you’ve caused, damage to property or injury to someone, you can obtain insurance to protect you against that financial loss.
If you have a specific question about your motor trade insurance policy, or would like us to provide you with a quote, contact us. You can get in touch and speak to one of our motor trade insurance brokers by calling 01202 754900. Alternatively, you can email info@alan-thomas.co.uk with your enquiries on any of our commercial insurance plans.