Tyre Fitters Insurance
Whether you provide specialist tyre fitter services or offer tyre fitting as a service, tyre fitters insurance can provide you and your employees with valuable protection against many types of claims.
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Tyre fitters insurance offers the protection your business needs, with over three levels of coverage. There are also add-ons that can provide your business with even more coverage.
Not only are you legally required to have insurance coverage, but it also protects you from many types of problems that may arise over the course of running the business.
What would happen if you or an employee installed faulty parts on a car? Or what if a tyre wasn’t properly installed and caused an accident? In both cases, your company would be liable for any injuries and damage caused. Without insurance protection, your business would need to pay for claims out-of-pocket. Many of these claims are made in the thousands of pounds. Could your business afford to pay such an amount for a claim? If not, then you need tyre fitter insurance.
And remember, you’re legally required to have at least the minimum about of coverage insurance providers offer. Tyre fitters policies can offer protection for vehicles, tools, premises, contents. It doesn’t matter if you’re a full-time or part-time tyre fitter.
Some Of The Motor Traders Which Can Be Covered:
Do I Need Tyre Fitters Insurance?
Motor trade insurance is important for tyre fitters. Your business could be at risk without this protection. What would happen if your tools were stolen or damaged? What about if something goes wrong when driving a customer’s vehicle? Claims resulting from these incidents could be very costly and even ruin your business.
Tyre fitters insurance offers the following protections:
- Your business and employees
- Customers and members of the public
- Your premises & contents
Why do I need tyre fitters insurance?
- This coverage is a legal requirement
- It protects you, your employees, and your business
- This coverage may completely protect your business (if you buy additional policies)
If the unthinkable happens, your business is protected if you have a tyre fitters insurance policy.
Road Risk Motor Trade insurance can cover:
Product Liability Insurance
Flexible Monthly Payments
24hr Claims Helpline
Motor Traders Policy For Over 25+
Accident Support / Replacement Vehicle
Material Damage Cover
Equipment & Premises
Combined or Road Risk Insurance
Tyre Fitters Insurance FAQs
The Institute of the Motor Industry Website
Retail Motor Trade Federation – The Retail Motor Industry Federation (RMI) is the UK’s leading automotive trade body, representing franchised car and commercial vehicle dealers, independent garages, bodyshops, motorcycle dealers, petrol retailers, auction houses and cherished number plate dealers,
What Levels of Tyre Fitters Insurance are Available?
Tyre fitters coverage includes the following three levels of insurance:
Third-party only: protects third parties from injuries and property damage that result from your business operations. However, this insurance does not pay for your injuries or damage to your vehicle. You must cover these costs out-of-pocket. This level of coverage is the minimum you’re legally required to have.
Third-party, fire & theft: this level of coverage includes everything above, along with fire and theft protection for the car you’re working on or driving. If the vehicle catches fire, is stolen, or vandalized, this level of coverage protects the vehicle.
Comprehensive: offers the protection listed above and fully protects you and the vehicle in your possession. This is the highest level of insurance you can purchase, and it offers the best protection for you and your business.
Are There Add-Ons Available for Tyre Fitters Insurance?
Yes! Here are some other types of coverage you may want to consider adding to your tyre fitter insurance policy:
Road risk: protects you and your employees when driving customer vehicles. You can choose the level of coverage needed for your business (see above). And you can have your own vehicle insured.
Premises: protects your business premises and the assets stored on-site, such as vehicles, stock, tools, and machinery.
Engineering Inspection: ensure your machinery is properly maintained and functioning correctly.
Public liability: offers protection against claims by members of the public if they are injured or their property is damaged while on your business premises or suffered due to the operation of your business. Legal fees are also covered.
Employers’ liability: this coverage protects employees from injuries, becoming ill, or dying while performing their duties for your business. You are protected against these claims. Companies are legally required to have employers’ insurance if they have one or more employees.
Product liability: protects you in case a product you fit, such as a tyre, is damaged or faulty and causes an accident. This is also called sales and service indemnity protection.
What is the Limit of Indemnity Under the Tyre Fitter Public Liability Cover?
The limit of indemnity under the tyre fitter public liability cover is the maximum liability the insurance provider will cover in the event of a claim. The most common limits are £1M, £2M, and £5M; however, it may be possible to arrange a higher limit through the insurance provider.
The limit of indemnity depends on the type of business activities your business provides, the level of risks faced, and any contractual requirements that a tyre fitter may enter into.
Is the Tyre Fitter Public Liability Insurance Policy on a Claims Made or Claims Occurring Basis?
That’s a great question! Most tyre fitter public liability policies are made on a claims occurring basis. That means the policy responds to claims that come from incidents that happened when the policy was in effect.
Is There a Policy Excess Under a Tyre Fitter Public Liability Insurance Policy?
There is no excess with respect to claims that occur from personal injury. However, with regard to third-party property damage, there is usually an excess, which is about £250.
You’ll find the details about your excess in the policy documentation. And if you have any questions about this, it’s best to talk directly with your insurance provider.
Do I Need Proof of Operating a Tyre Fitters Business?
In most cases, insurance providers ask for proof that you operate in the motor trades. Proof of trading can include the following:
- Copies of purchase invoices and sales receipts for vehicles bought or sols
- Auction house invoices and auction house membership
- Proof of joint bank account for business partnerships
- Copies of any invoices and receipts for parts or work carried out on customer vehicles
- Submission of accounts
Who Needs Tyre Fitters Insurance?
If you’re in the tire-fitting business, then this is a policy you need. It’s essential to choose the right level of coverage for your business. You can do this by answering several questions insurers have about your business.
For instance, they will ask if you run the business full or part-time. Do you operate the business from home or have business premises? Do you provide mobile tyre-fitting services? Do you have employees? Then you have a legal requirement to have employers’ liability insurance. Would you like to be protected against claims made by members of the public? Then you will need public liability insurance, too.
However, if you operate from business premises, it would be best to buy a combined motor trade policy, which protects your entire business (including buildings, contents, business interruption, and more).
Each of your answers will determine the type of policy you need.
Motor trade businesses that may need tyre fitter insurance include:
- Vehicle repair businesses
- Vehicle sales businesses, including individual traders operating from home (whether full- or part-time)
- Garages offering MOTs and servicing
- Breakdown and recovery firms
- Vehicle delivery firms (cover may be referred to as ‘trade plate insurance’)
- Specialist vehicle collectors and restorers
- Firms selling and/or fitting vehicle parts and accessories, including tyres
- Vehicle repossession businesses
- Car valet companies
Compare Tyre Fitters Insurance Quotes
Comparison shopping is the best way to find the right level of insurance at a price you can afford. Researching insurance providers can take time. It means spending time online finding insurance providers specializing in tyre fitter insurance.
Next, it’s necessary to contact each provider to ask about their policies and premiums. The trouble is, as a business owner, you don’t have time for all of this. So, how can you comparison shop for tyre fitter insurance more effectively?
The best way to compare tyre fitter insurance is directly through our site! At MyMoneyComparison.com, we make the research and comparison process fast and easy. We help you compare detailed quotes from highly esteemed tyre fitter insurance brokers, who offer the right balance between value and price. That means you’ll have a policy and premium that fit your business.
No matter whether you work part-time or full-time, we make it easy to find tyre fitters insurance. All you need to do is fill out our simple form, hit “Enter,” and wait a few minutes for quotes to come from our insurance partners. Within minutes, you’ll have quotes for tyre fitters insurance policies!
You may have questions about the policies and precisely what they cover. That’s OK! Our insurance partners are happy to answer all of your questions and help you find the right level of insurance for your business.
So, why not your tyre fitter quotes today?
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