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What Optional Extras can I include with Motor Trade Insurance (and are they worth it)?

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Motor trade insurance is essential to anyone working in the motor trade. This can include owners of bodyshops, garages, dealerships, car lots and even car valeting services. If you alter, maintain, inspect, test, repair, clean or service any kind of motor vehicle then you will need to take out motor trade insurance.

There are various types of motor trade insurance cover, which range from third party only to a combined motor trade insurance policy. Each policy will come with optional extras as well, which you will be able to pick and choose from.

Below is a brief guide to each.

Employers Liability Cover

Because individuals working in the motor trade tend to drive or work on a number of vehicles, motor trade insurance actually insures the motor trader him or herself, instead of just the vehicles in question. Employer’s liability extends this cover to indemnify the motor trader in the event of an employee sustaining an injury whilst at work.

Public Liability Extension

Public liability cover means that the motor trader is covered in the event a member of the public suffers injury as a result of any activity related to their work. This is very important to have if the nature of the motor trade business in question involves a lot of contact with the public (which most do).

Combined Policy

Combined policies are really the ultimate type of cover and peace of mind if you run your business from a dedicated site, even if that site is your home or you only work part time. Combined policies will cover your entire business, including the premises, money, liabilities, tools, vehicles and all contents located at or associated with your business.

Protected No Claims Bonus

This option will allow you to protect your no claims bonus in much the same way you might do with regular motor insurance.

Excess Buyback

You are also given the option to reduce the excess paid in the case of a claim. This will increase your premium to some degree, depending on how much you wish to reduce the excess.

Windscreen

This will cover the windscreen repair of your personal car, whilst at work.

Breakdown

This will cover your own vehicle for roadside assistance and home start. European cover is also an option.

Gadget Insurance

This optional bolt on will cover your personal vehicle for any gadgets you have installed such as car stereos, for up to £1000.

For more information on motor trade insurance and the optional extras available to you, call one of our dedicated and friendly team for a chat today on 08445 732 400.

by David Hambridge