1Is motor trade insurance required by law?
Yes. The law states that you must have insurance for any vehicle you operate unless you’ve made a SORN (Statutory Off Road Notification).
2How much is motor trade insurance?
It depends on your policy.
To minimise the cost, you need to carefully select the protection features you need – and remove those you do not.
For example, a mechanic may require protection for their premises and tools. However, a mobile car valeter may not need this feature at all. Lifting it out of the policy may bring the quote down.
To customise your motor trade insurance policy like this, call us on 0344 557 3056. You can also get an online quote right now.
3How many drivers can I name on the policy?
This is subject to the insurer’s policy terms.
However, for every driver added, your quote may be affected.
To get all the drivers you want on your motor trade insurance, and keep the quote to a minimum – get in touch with us on 0344 557 3056. We’ll make sure everybody is covered. And we’ll make sure your insurer gives you the best price.
4What are the different levels of motor trade?
The ‘bare-bones’ option. Third party motor trade insurance will give you legal permission to run your business. And it will cover the cost of any damage your business causes to others. Your own vehicles, premises and legal costs may not be covered.
Third Party Fire & Theft
All of the above is included – only with this option, your business vehicles are covered in the case of fire damage and/or theft.
Any damage that your business vehicles suffer will be covered under a comprehensive policy. So, you get all the benefits of the above two options and your own vehicles are protected too – even if you, your employees or your business is in some way responsible for causing the damage.
Motor Trade Liability policy – this is a combined policy and cover
Combined cover – this type is much more complex than just the standard motor trade insurance and it may cover liabilities, vehicles and property, depending on your needs.
5What are the different types of motor trade insurance?
Roadrisk- this will include full and part time motor traders
Combined This includes premises, tools, stock, on-site cash, assets and more, can all be covered with a combined policy.
Contact DNA to build your own combined motor traders insurance from scratch today. You’d be surprised at how little extra it costs to shield your business with the best level of protection out there.
6How to apply for cheap motor trade insurance...
To get your sorted today, just call 0344 557 3056 or click here to get an online quote for your motor trade insurance.
7Can I drive a motor trade insured vehicle for personal use?
The policy provides valid cover for your vehicles only while they are being used for motor trade activities.In this situation you can extend your motor trade insurance policy to include personal use by contacting us as your insurance broker, and we will tailor your policy to suit your needs.
8Can I add other drivers to my policy?
Simply the answer is yes, but the added drivers should be employed by your business – employees or partners. Insurers will check the mentioned partner/employee.