Motor Trade Combined insurance is a purpose built product, designed to cover many aspects of risk your motor trade business may be exposed to, all under one policy. Motor Trade Combined policies generally cover 3 important areas of your business:
Material Damage – providing insurance cover for your business premises and items within it, such as:
- Buildings or Tenant Improvements
- Machinery, Plant, Portable Hand Tools and all other Contents
- Owned & Customer owned vehicles
- Customers Keys
- Electronic Office Equipment
- Stock
- Money & Wrongful Conversions
- All Risks cover, for assets to be covered throughout the UK, EU or Worldwide
- Business interruption
- Book debts
- Goods in transit, if an item is damaged or destroyed in the course of transit
- Engineering Inspection
- Legal Expenses
Road Risks – providing insurance cover for vehicles (such as your owned or customer owned vehicles), that you, your employees, or your family and friends may use on the road. Road Risks insurance is extremely robust, usually being able to cover the following:
- Driving with Trade Plates
- Named Drivers, or Any Driver cover
- Customer Courtesy Vehicles whilst theirs is in for repairs
- Accompanied and un-accompanied demonstrations for sales vehicles
- Driving by un-named relatives & friends
- Business use not associated with motor trade activities, typically for family members insured
Liability Insurance – as well as covering your business assets & road risks, Motor Trade Combined insurance provides cover for your Public, Products & Employers Liability exposures. Defective workmanship or Servicing Indemnity is usually included under this section as well.
Should you wish to know more, or would like for Integrum to review your insurance needs, please get in touch or complete our contact form for a member of our team to contact you.