Insurance options for Motor Trade Sector
The motor trade industry in the UK encompasses a wide range of businesses involved in the sale, repair, servicing, and maintenance of vehicles. Given the diverse nature of this industry, there are various insurance needs that motor trade businesses should consider. These insurance policies help protect businesses, employees, and customers from potential risks and liabilities.
VARIETY OF BUSINESSES WE CAN PROTECT:
insurance options for Motor Trade Sector:
This is a legal requirement for motor traders, providing coverage for vehicles in their custody, control, or ownership. It covers damages to vehicles while being driven on public roads, as well as theft and fire damage.
This is a legal requirement for businesses with employees. It provides coverage in case an employee suffers injury or illness as a result of their work and seeks compensation.
Protects your business against claims from third parties for injury or property damage that occurs on your premises or as a result of your operations.
Important if you sell or supply vehicle parts, as it covers you in case a faulty product, which may cause injury or damage to a customer’s vehicle.
Covers your premises, equipment, and stock against damage or theft. It may also cover business interruption expenses in case your premises become inhabitable.
Helps cover financial losses if your business is unable to operate due to an insured event, such as fire or flood.
Provides coverage for your valuable tools and equipment used in vehicle repairs and servicing.
Covers vehicles transporting vehicles or parts for sale or repair against theft, damage, or loss.
Protects your inventory of vehicles or parts against damage, theft, or loss.
Covers your employees when they are driving or working on customer vehicles, as well as those owned by the business.. Some policies may offer additional coverage options, such as breakdown cover, legal protection, and courtesy vehicles.
Provides legal assistance and coverage for legal expenses in case of disputes or legal issues related to your business operations.
In the digital age, businesses are vulnerable to cyberattacks. Cyber insurance can help protect your business against data breaches and related liabilities.