Why you need Motor Trade Insurance

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 that 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, this does include many types of sub-contractor too. If you are caught without cover, you can be fined up to £2,500 per employee, per day 

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  • Defective Workmanship Service Indemnity
  • Engineering Inspections
  • Courtesy & loan
  • Turnover split between activities
  • MOT Loss of Licence
  • Defective Workshop Service Indemnity
  • Commercial vehicle weight classes
  • Storage arrangements for customer vehicles
  • Engineering Inspections
  • Third party & own vehicle movements
  • Indemnity, the average, values & types
  • 15-minutes to discuss your activities
  • Trade plate movements, on flatbed truck etc
  • Indemnity, the average, values & types
  • 15-minutes to discuss your activities
  • Call our consultant to discuss arrangements
  • Road Risks, Liability & Goods in Transit
  • Obtaining driver information via DVLA licence
  • Defective Workmanship
  • Engineering Inspection
  • Paint booth & aerosols
  • Split between new & part-worn tyres
  • Accompanied Trades – Alignment & Tracking
  • Engineering Inspection
  • Wrongful Conversion extension
  • Understanding demo insurer terms
  • Risk Management & Private Medical Services

Ascend will assist you risk manage the remaining elements of your business to tailor the policy to you, these can include but not limited to:

  • Buildings (Or Tenants Improvements)
  • Stock (Vehicle, Parts & Accessories)
  • Demonstration Cover (Accompanied / Un-Accompanied)
  • Courtesy/Loan Vehicles
  • Public Liability
  • Engineering Inspection & Breakdown
  • Business Interruption

At Ascend, we have our dedicated experts who are able to provide solutions from start-ups through to multi-site locations and can even arrange self-insurance programmes for the larger operator.

We appreciate the challenges that the motor industry faces, whether that would be for a sole trader to a nationwide dealership. With this in mind, we have a bespoke Motor Trade Insurance which is tailored towards your trade activities, and we assist in building a policy to your specific cover requirements from a panel of our A rated insurers. We will highlight any differences in cover between insurers and ensure you are confident in your own insurance cover.

What services do we offer?

Frequently Asked Questions

Any business that accepts custody or control of vehicles belonging to others and/or purchases vehicles for re-sale will need Motor Trade Insurance.

These activities can include; repairing and servicing vehicles, mobile mechanics, collection and delivery, tyre fitting and security device installers.

We can discuss your existing arrangements at any time throughout the year even if you have recently renewed.

At Ascend, our commitment is to excellent customer service, it is at the heart of everything we do, and this will never better be illustrated than in the event of a claim.

Please contact Steven Gillespie, steven.gillespie@ascendbrokingold.co.uk or you can book a 15 minute consultation by visiting Book an appointment

This covers you if a client or a member of the public claims they have been injured, or their property damaged, because of your business activities.

Public Liability is highly recommended to have on a Motor Trade policy.

At Ascend, we can review your existing insurance arrangements alongside our fact find and provide you with recommendations from our motor trade expert, Steven Gillespie.

Please contact Steven, steven.gillespie@ascendbrokingold.co.uk or alternatively book a 15-minute consultation by visiting Book an appointment to discuss further.

Who to speak to?

Steven Gillespie

Please contact Steven Gillespie who has extended knowledge in the Motor Trade and Commercial insurance sectors, predominately insuring motor dealerships and MOT repair workshops alongside their Property Owner portfolios.

Account Executive
M: 07719 069267   E: Steven.gillespie@ascendbrokingold.co.uk

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