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.
Read more Here.
