Guide to Motor Claims Inflation

In this issue:

Executive summary
Pandemic impact
Brexit
War in Ukraine
Technological advancement
What about injury claims?
It’s not all bad news
What’s AXA doing to help?
Vehicle damage claims
Injury claims

Download the motor claims guide Here.

There are legal requirements in the United Kingdom to have certain insurance policies in place for a motor trade business. There are two fundamental elements of cover you need to be aware of:

Road Risks - To legally drive on UK roads, you must have a minimum of Third-Party vehicle insurance in place by law– i.e. driving a customer vehicle after a repair to ensure fault is resolved.
Employers' Liability - This is also a legal requirement to obtain if you have at least one employee and includes many types of sub-contractor, too. If you are caught without cover, you can be fined up to £2,500 per employee, per day.