Motor Trade Insurance

With motor trade insurance, it’s important to understand that in the motor trade your insurance needs are quite different to other businesses.
That's why you need a motor trade insurance policy.

If you run an automotive business - from a panel shop to a mobile mechanic - you will find having a motor trade insurance policy can provide good all-round cover and excellent value for money.

What needs to be included in you motor trade insurance policy?

• Fire
  1. Motor trade insurance needs to cover machinery and other contents, stock in trade, customer’s vehicles, watercrafts, and property.
  2. Motor trade insurance must also cover stock of petrol and other fuel, stock of vehicles and stock of watercrafts.
• Business Interruption
  1. Motor trade insurance covers you for loss of profit
  2. And additional expenditure incurred following damage to the premises by a fire, or other defined event or burglary.
• Burglary
  1. Motor trade insurance covers anything stolen off your business property.
• Motor Vehicles
  1. Cover must be available for business and private cars, trucks, utilities, trailers, forklifts, mobile machinery, tow trucks, loan vehicles, hire trailers, hire campervans and other vehicles,
  2. Cover should include $10,000,000 legal liability.
• Personal Accident and Illness
  1. Motor trade insurance must cover the insured person for capital and weekly benefits following injury or illness.
  2. This cover must be available anywhere in the world, 7 days a week, 24 hours a day
• Electronic Equipment
  1. Motor trade insurance covers electronic equipment against any unforeseen physical loss, destruction or damage.

These are just a few examples of things that you would need to make sure is confirmed within your motor trade insurance policy.

Another point that must not be overlooked in your motor trade insurance policy is that fraud and dishonesty is covered.
It is something that you may perhaps not think of to be included in your motor trade insurance. It needs to cover you for loss of property caused by any fraudulent or dishonest act by an employee with the clear intent of making improper personal financial gain.

It is very important that you make use of the facility, your business depends on good motor trade insurance.