Motor Trade Insurance

If you’re looking for motor trade insurance, here are some important facts – the kind of insurance you need, where best to get it, and what level of cover to go for:

Why do motor traders need insurance?
What type of insurance do motor traders need and what level of cover?
Why compare motor traders insurance with Coverzones?

Why do motor traders need insurance?

Whether a sole trader or a car retailer, if you’re in the motor trade, insurance is crucial to the security of your business. If you earn your living buying, selling, or fixing cars, any mistakes you make can have serious repercussions; it’s wise to protect your business against possible errors and any ensuing claims for compensation. If you belong to a professional body for any of the motor trades, insurance will normally be obligatory. And if you employ people in any capacity, you are legally required to have Employers Liability Insurance.

Get online quotes for motor trade insurance now.

What type of insurance do motor traders need and what level of cover?

Motor trader insurance should include a number of different types of cover to provide a complete range of protection:

• Public Liability Insurance for motor traders: Insurance that covers you against claims by members of the public for death, injury or damage to their property – for example, if a customer slips on a wet floor in your showroom, they could make a claim against you for compensation. Basically, if you work on customers’ premises or your customers visit your premises, you should consider this type of policy. Cover of £1m – £5m is the usual minimum for a small business.

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• Professional Indemnity Insurance for motor traders: Insurance that covers you for errors or omissions that could result in legal action against you. The fact is, mistakes do happen, and you need to be properly covered against them. The level of Professional Indemnity Insurance you need depends on the nature of your work; any professional bodies you belong to may offer guidelines.

Professional Indemnity Insurance for motor traders will soon be available here at Coverzones.

• Employers Liability Insurance for motor traders: Insurance that covers legal expenses and compensation if any of your employees is injured or killed whilst doing business for you. If you employ or sub-contract people to work for you, you must have a minimum of £5m cover by law, no matter what part of the motor trade you operate in.

Get quotes for Employers Liability Insurance for motor traders now.

• Professional Insurance for motor traders: This is a package containing all the cover needed specifically by the motor trader. Insurance included in the package could provide cover for public and employer’s liability, as well as offering other options relevant to your trade – cover for theft, loss or damage to your tools and equipment, for example, bad debt recovery etc.

Professional Insurance for motor traders will soon be offered here at Coverzones.

Why compare motor trade insurance with Coverzones?

With, Coverzones you can take care of your motor trades insurance needs more quickly and easily than ever – and save money. You give us your details once, and we search a panel of insurers for you, providing a choice of quotes that you can compare at your leisure.

When you choose and buy your insurance through Coverzones, we’ll store all your insurance documents details free of charge on our secure server. With 24-hour online access to all your important policy details, it’s incredibly easy to amend, cancel and renew your policies online at any time.

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