Overview
If you’re looking for tailored cover that can be customised according to your business needs, combined motor trade insurance is what you need.
At One Sure, we’ve been insuring motor traders since 2006 and have watched the industry gradually evolve over time. After noticing a gap in the market regarding motor trade insurance and the complex requirements of businesses, we decided to create a new combined motor trade insurance package.
What is a combined motor trade insurance policy?
With the motor trade industry encompassing many different careers, every business’s needs will be unique. Combined motor trader insurance is a policy that will cover all elements of your business and can be tailored to fit your needs.
Just like our road risk insurance policyholders, you’ll also get instant access to the MID via our customer area. To learn more about updating the MID and using our platform, read the following guides:
- How To Update The Motor Insurance Database.
- How To Use Our Customer Area.
- What Is The Motor Insurance Database?
In a nutshell, with a motor trade combined policy, you will receive road risk insurance, along with any additional coverage your business needs for truly tailored cover.
You can choose from the following extra cover on a motor trade combined policy:
- Public & Employers Liability
- Building Insurance
- Portable Tools, Fixed Tools and Machinery Cover
- Stock Cover
- Your Own & Customers’ Vehicles
- Money Cover
- Personal Accident
- Business interruption
- Goods In Transit
- Courtesy/Loan Car Cover
- Legal expenses
- Engineer inspection
Our cover explained
Public & Employers Liability
As your business expands, you’ll naturally have more customers and need more employees to keep everything running smoothly. Public and employers liability are similar types of cover but target different people.
Public liability cover will provide protection in case of a claim from the public in a legal dispute. Unlike public liability, employer’s liability insurance is compulsory and covers your business if a current or former employee requires compensation.
It may be tempting to skip public liability and only choose the compulsory cover you need. However, if the worst-case scenario occurs and a member of the public requests compensation from your business due to an injury, their claim could cost you millions.
Building Insurance
After spending so long working towards having your own premises and, perhaps even multiple locations, you’ll want to keep everything in top condition.
Buildings insurance will allow you to claim and get help with the costs of repairing or rebuilding your business. This policy will cover a variety of incidents that can cause a significant hit to your finances or tank your business, such as fire, flood, theft and vandalism.
Some policies will also cover issues such as loss of keys and even damage caused by emergency services if a forced entry is necessary.
However, there are some exceptions to what is covered by your building insurance. For example, you can’t claim any general wear and tear to your business as it is your responsibility as the business owner to perform regular maintenance.
Many insurers will not cover damage caused by an act of terrorism. However, some can offer it as an extra. If you’re set on including this type of cover, please let our advisers know when discussing your motor trade combined policy.
Portable Tools, Fixed Tools and Machinery Cover
For mechanics and MOT services, your tools and machinery form a massive part of your work performance and efficiency. What’s more, they’re extremely costly to replace.
Not only will this cover allow you to replace the equipment on-site, but some policies available will be able to cover portable tools while they’re away from your premises.
Stock Cover
For motor traders, lost or damaged stock can result in many other problems alongside a hit to your finances.
Stock insurance will give you peace of mind that stolen or damaged stock can be replaced.
Goods In Transit
While stock cover will take care of your products on your premises, goods in transit will cover them on the move.
Money Cover
Protecting your financial assets is necessary, and sometimes even with the right precautions, the worst-case scenario can happen.
Whether you store your cash in a safe in your office or when you’re transporting it to the bank, we’ve got you covered.
Personal Accident
If a member of staff or you manage to get injured or even killed, personal accident insurance will compensate your business. Financial losses resulting from having to cover assessments with other staff members to recruitment and work training of new staff members are just some aspects covered by personal accident insurance.
Courtesy Car Cover
If you’ve had an accident and need to put your vehicle in the garage to get serviced or repaired, you can opt-in for courtesy car cover as part of your combined motor trade policy. It is important to note, however, that it will not cover you to have a courtesy car if you’re own vehicle has been written off entirely.
How much is Combined Motor Trade Insurance?
From your type of business to your driving experience, various factors affect the price of your motor trader insurance. Our experts are just a phone call away and will compare policies and prices to save you time and money.
Find out how much your motor trader insurance will cost and get a free quote by calling our team on 0800 107 1260.
