Motor Trade Insurance

Motor Traders Commercial Combined Insurance from Prosura

No matter whether you offer a mobile mechanics or valeting service, run an MOT centre or own a number of car sales dealerships, we at Prosura offer a friction free, non nonsense service, advising on and arranging your motor traders insurance cover, so that you can get on with the real work.

What should be included on a Motor Traders Insurance policy?

At Prosura, we understand that no two motor trade businesses are exactly the same. We will work with you to create a policy that addresses all of your requirements – from Road Risks to Liability and Premises.

  • Road Risk Insurance

Driving is at the heart of what you do. Road Risk allows flexible protection for vehicles under your ‘care and custody’. Effectively, it allows you to drive customers vehicles as well as any you’ve bought – for example at auction – with a view to reselling. Road Risk is the minimum legal requirements for any business involved in trading vehicles. There are a few additional covers that it may well be worth considering – read on to find out more.

  • Traders Liability Insurance

There are a range of liability covers that will almost certainly apply. Employers Liability is legally required in the UK where you have workers – even if part time or casual. Public Liability should be a consideration where you have members of the public on your premises. And product liability is almost certainly worth considering too, where you are fitting replacement parts during a repair job.

  • Commercial Garage Cover

No matter whether owned or leased, you will need to have premises insured, together with all of your tools and equipment. Where you have vehicle stock, as well as tyres, exhausts and other parts, you’ll want to insure those, too.

What does motor traders insurance actually do?

Motor Traders Insurance is designed to offer your business financial protection when an insured event occurs. That’s why its really important to work with a broker like Prosura – We will take time to understand your business and the exposures it faces, as well as the likely cost of a given claim. That way we can arrange appropriate cover types and indemnity limits, ensuring you’re adequately protected without paying for cover you don’t need.

Additional covers that you may wish to consider include:

  • Demonstration cover – Allowing a potential buyer to test drive the vehicle prior to purchase. For traders, this is usually pretty important – few people will buy a car without actually haven driven it.
  • Test Drive cover – allowing you to drive a vehicle you may be looking to purchase.
  • Vehicles in transit – covering vehicles being transported on or in your vehicle for transportation, in the event of them being damaged in an accident.
  • Motorcycle cover – extends your Road Risk cover to include motor bikes
  • Loss of MOT license – for traders offering an MOT service, you can buy specialist insurance covering a loss of license (subject to conditions).
  • Business interruption insurance – if you cant access or work from your premises for a period of time due to a fire, flood or other insured event.

Why choose Prosura to arrange your Traders Insurance?

We’re here to let you get on with running your business by providing friction free access to expert advice and high quality insurers. We’re on hand with professional advice as your property portfolio evolves and expands.

We also give all our Motor Trader Insurance Clients free access to PROSURA Digital Lawyer, saving them hundreds of pounds a year on Legal Fees.

For your Motor Traders cover requirements, contact the specialist brokers at Prosura today.

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