Motor traders insurance is a type of insurance policy that is specifically designed for those in the motor trade industry. It can provide motor traders with a range of benefits, including protection against financial losses resulting from accidents or theft.

There are some different types of motor trader insurance policies available, so it is important to research your options and find the policy that best suits your needs.

Some key factors to consider when choosing a motor trader insurance policy include the type of motor trade business you operate, the value of your vehicles, and your liability coverage needs. We shall examine each of these in turn.

Types of Motor Trade Businesses

• Motor trade dealer
• Motor trade car dealership
• Motor trade repair garage
• Motor trade parts supplier
• Valets and car washing services

Motor trade dealers are people who work in the motor trade industry. This type of insurance is designed for them, as it covers a wide range of risks that they may face while working.

More specifically, a car dealership will sell cars and require insurance to be legally and financially covered when moving them around on the forecourt or delivering them to customers.

Repair garages provide a vital service to the motor trade industry. They offer repairs and maintenance services that help keep vehicles on the road and in working condition. As such, these kinds of motor traders need to have insurance that will cover their repair activities. This will protect them in the event of any damages or losses that occur while their garage is in operation and also cover vehicles kept there overnight.

Part suppliers serve the needs of repair garages to make sure that vehicles can be repaired without delay. Parts sourced can be new and direct from the manufacturer, used parts from scrap yards in the case of perhaps vintage cars, or new ones that are budget alternatives to the original parts.

Car valets clean the insides of vehicles, whereas car washing services will take care of the outsides. Car washing can be automated or carried out by hand. Washing can extend to waxing and polishing services that will have vehicles shine as if they have just been driven off a showroom forecourt.

Those working on cars in any way, or needing to drive them, require insurance protection.

Value of Vehicles

If you’re a motor trader with high-value vehicles, it’s important to know that not all motor trader insurance policies will cover these vehicles. Make sure you speak to an insurance broker to find out exactly what is and isn’t covered on your policy.

It’s also important to note that motor trader insurance policies often have different excesses to regular motor insurance policies. This means that you may have to pay more if you make a claim. Make sure you’re aware of the excess on your policy before you buy it.

Liability Cover

Liability cover extends the insurance protection to include injury as well as property damage. You will want protection for employees, which is required by law, and for the public who can potentially sue. We are talking about large sums of money in compensation potentially and so liability cover must be included with motor trader policies.

It is helpful to compare motor trade insurance quotes from several different providers before making a decision. By doing your research and shopping around, you can find the motor trader insurance policy that offers the best level of protection at a price that suits your budget.

A motor trader insurance is a type of insurance policy that is tailored to the needs of those in the motor trade industry. It can provide motor traders with a range of benefits, including protection against financial losses resulting from accidents or theft. 

There are several different types of motor trader insurance policies available, so it is important to carefully examine the different options to find the policy that best matches your needs.