What You Can Expect Motor Trade Insurance to Cover

As with any business, you want to ensure your workshop is covered against any accident when taking out motor trade insurance.  Knowing what it can cover can help you ensure that you have every possible needs protected by your policy.

A great place to start is a simple risk assessment; this will help you determine where problems can occur and what cover you need.

You will find when you apply for a quote you will get a very basic policy in return, this will normally cover the building, your tools and maybe company vehicles.  In some cases you may find public liability included, but not in every quote, this you must pay special attention to.

Liability Cover

These protective covers can cover just about any aspect of your business, there are times when you will need to include them as additional cover, so depending on the brokers you are working with, will depend on whether these covers are automatically included or not.

Always ensure you have protection for public liability and employer’s liability. These two can cost you a fortune if you don’t have them in place, employer’s liability cover is a legal requirement as soon as you have one or more employees and public liability is something you cannot be without, especially if you have customers visiting your property.

All it takes is for a customer to injure themselves in some way while dropping off or collecting their vehicle, this can leave you with hefty claims against you for medical, loss of income and even mental distress.

Buildings and Tools

 Of course you will want your building covered against storm damage, fire and theft, but what about your tools.  Some of the tools you have in the workshop are probably very expensive to replace, especially diagnostic equipment.  Ensure your tools are safely protected against theft, fire and damage so you can get on with your work quickly should they be stolen.

Driving Customer Vehicles

Whether you are a motor workshop or a car dealer, there will be times you are required to drive customer vehicles. For this you need road risks cover which enables you to drive customer’s cars with the peace of mind that you are protected should an accident occur.

You can add staff members to the road risks, so you don’t have to take the mammoth task of testing all the vehicles yourself. You will need motor trade insurance.