Motor Trade Insurance

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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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

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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