Looking for Motor Trade Insurance Quotes?
We understand that finding the right motor trade insurance policy can be a tricky business; but with the advice of our team of motor trade insurance specialists and a simple online quote system, we can get you covered, fast!
We take pride in offering flexible terms and accommodating unusual circumstances. And we can quote anything; from large dealerships to mobile mechanics, whatever your occupation within the motor trade, we can find cover to suit your needs.
It takes just a few minutes to complete our quote form, requiring your contact information, details about your motor trade business and the type of policy you’re looking for. You’ll soon receive a call from our team who will provide you with a quote that could save you up to 50% off the cost of your existing premium.
Motor trade insurance is the policy you take out should you own a business involving vehicles, ranging from cars to trucks, providing cover for businesses that deal with customer’s vehicles as well as their own. When a motor trade business deals with customer vehicles, that vehicle essentially falls into ‘care, custody and control’, which is where this specialist insurance policy comes in.
The phrase ‘care, custody and control’ typically refers to vehicles that have been left in the possession of your business and are no longer covered by the owner’s own vehicle insurance.
Motor trade insurance covers a wide variety of business types, from vehicle sales and servicing to car valets, breakdown services, motor mechanics, car traders and more. Given that businesses are varied, it’s essential have every policy specifically tailored to each individual or firm.
Coverage can also extend to scrap, salvage and vehicle dismantlers, as well as full and part-time motor traders with road risk or stock of vehicles at trade premises. We specialise in the following areas:
A motor trader without motor trade insurance is breaking the law. And this requirement does not only apply to limited companies; if you’re self-employed but still have responsibility for other people’s vehicles then you need motor trade insurance too.
The type of motor trade insurance you must put in place depends on the area of the motor trade you operate in. For example, if you have vehicles under your care, custody and control then you will need a motor trade insurance policy that gives you cover for customer’s vehicles. However, if you work in car sales and demonstrate, collect and deliver vehicles, the type of cover might vary. As its common for motor traders to operate in multiple areas, we will help you choose the cover which is best for all your business activities.
To qualify for a motor trade insurance policy, you must prove you are running a genuine business that generates income; it cannot be used simply to get cover for private individuals to drive multiple vehicles.
The cover provided by each motor trade insurance policy varies depending on the risks you face. Despite the diverse range of businesses in the motor trade, it will typically include all or some of the following:
If you run a business in the motor trade, you are legally required to have a basic level of motor trade insurance. This applies to mechanics, car dealers, vehicle valets and other similar businesses whether a full-time or part-time business. The minimum level of cover required is third-party only, but liability cover is also recommended.
As well as putting the necessary insurance in place, anyone operating a business in the motor trade also has a legal responsibility to supply information to the Motor Insurance Database (MID).
The number of extras that can be included on a motor trade insurance policy is vast; so think carefully about the types of cover you may need. This will normally depend on your business type. And as some extras require additional fees, you need to make sure you do not already have the relevant cover from another source.
As with personal car insurance, there are three levels of cover to choose from: third party, third party fire and theft and comprehensive.
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