Combined Motor Trade Insurance

Combined motor trade insurance helps motor trade businesses to protect every part of their business under one policy. This policy ensures you and your staff are protected when working with and transporting customer vehicles.

It also protects your business premises, tools, stock, and cash. So, all aspects of your business are protected. You can have complete peace of mind that your company is protected on all sides.

What Does Combined Motor Trade Insurance Cover?

Combined motor trade insurance offers the following coverage:

Road risks: this is the lowest level of coverage you’re required to have by law. Road risk insurance offers protection for driving custom vehicles left with your business for repairs or sale.

Business premises: protects your business premises, including buildings and applies whether you own or lease your premises. If you’re leasing, then we recommend checking with your landlord to see whether they have insurance and the protection it offers. It’s imperative to protect your business premises in case the worst happens.

Tools & equipment: as a motor trader, your business has specialized equipment for diagnostics and repairs. You may also have lifting tables, paint spray booths, ramps, and more. All of your tools and equipment are expensive and need protection.

Employers’ liability: this is a legal requirement if you have one or more employees. This policy protects your business against claims for employees who are hurt, become ill, or die while performing their jobs on the business premises.

Public liability: this is similar to the coverage above, but it offers protection for your business from claims made by members of the public.

Stock of vehicles: provides protection for vehicles on your business premises.

Money cover: provides protection for cash that is on your business premises from theft.

Service & sales indemnity: offers protection against claims of injury or accidental damage following a fitting of parts or vehicle sales.

Business interruption: if your business premises are unable to operate due to natural disasters, fire, flooding, or other unexpected issues this protection pays bills and employee salaries.

Loss of MOT license: protects a garage operating an MOT service in case they lose their license; however, this coverage is usually subject to conditions set by the insurer.

Anyone who operates a motor trade business with premises can benefit from a combined motor trade insurance policy. There are many risks that go with operating this type of business.

What would happen if your business needed to replace vehicles, tools, and equipment? And what about handling injury or damage claims? These can be quite expensive. If your business isn’t protected, these costs must be paid out-of-pocket.

Businesses that benefit from combined motor trade insurance include:

• MOT stations
• Dealerships
• Body shops
• Auto electricians
• Service & repair garages
• New & used car sales
• Recovery operators
• Classic car restoration
• Any other motor trade business with stock, tools, vehicles, or premises

Combined motor trade insurance is a good choice for a wide range of motor trade businesses. Suppose your work from your business premises, possess tools, and vehicles that are necessary and valuable for the company. In that case, a combined motor trade insurance policy is highly beneficial and recommended.

It’s possible to insure most vehicles under a combined motor trade policy. You can insure vans, cars, minibuses, motorbikes, and more. And if you deal with classic or vintage cars or other high-end vehicles, you may want to check with an insurance provider to see if their combined policy is the right one for you.

Yes, combined motor trade insurance does cover legal expenses as part of the packaged policy. What’s more, you’ll receive access to an expert who can advise and support you when dealing with the claim. In addition, some policies also offer cover for uninsured motor-related losses. For instance, this can include your insurance excess, damage to your premises from an accident, and assistance with claiming from councils for tyre and wheel damage caused by pothole damage.

There are several benefits to buying combined motor trade insurance online, including:

Find the right level of insurance: ordering insurance online is different, we understand. However, when you buy a policy online, it means working with the insurance provider to find the right level of coverage for your business.

Customized insurance policy: when you buy a policy online, it’s possible to get the exact coverage your business needs. Rather than paying for packages that include covers you’ll never use, buying online allows you to work directly with the insurer. They can help you create a combined motor trade insurance package that contains only those coverages you really need. You save money and have a customized insurance policy for your business.

Fast & easy to get quotes: getting quotes online is also faster and easier. You can use our site to obtain insurance quotes from a number of insurance providers.

Instant coverage & documentation: after making your first payment, your business will instantly be protected. What’s more, your insurance provider will send your insurance documents via email. That way, you’ll have all proof of insurance and the peace of mind that goes with it.

The cost of your combined motor trade insurance policy is based on several factors, including:

Your age: younger people usually pay more for any type of car insurance, including motor trade insurance. This is because insurers see anyone younger than 25 as a higher risk for accidents and other issues. However, if you’re over 25, it may be possible to have a more affordable premium.

Your business type: some businesses are seen as a higher risk than others. So, the type of business you run may have a direct impact on your premium.

Security of the premises: another factor that insurers look at is how secure your premises are. Some insurance providers prefer proof that the premises are extra secure and offer deterrents to keep thieves out. If you meet the insurer’s specifications, they may be able to lower your premium.

Comparison shopping: as with other types of insurance, you can save money by comparison shopping for combined motor trade insurance. Our site makes it easy and fast to obtain detailed quotes from several insurance companies in a matter of minutes. This way, you can compare the policies and the premiums. It’s much easier to find policies and premiums that fit your business requirements.

Here, at MyMoneyComparison.com, we make it easy to compare combined motor trade insurance policies. We make it easy to compare quotes from our highly esteemed motor trade insurance brokers. Our partners are experts on all aspects of motor trade insurance and can help you find and create a policy that fits your business. And they’ll help you find an affordable premium.

All you have to do is fill out our simple online form, hit “Enter,” and wait for a few minutes. Soon, you’ll have a list of insurers and detailed quotes to choose from! It’s really that easy and fast. Our insurance partners are also available to answer any and all of your questions. So, you also receive expert advice and guidance with your quotes.

Why not secure a combined motor trade insurance quote for your business today?