It might be difficult to find the correct motor trade insurance coverage. We acknowledge this, and we will do whatever we can to make the procedure as quick and painless as possible for you. We can get you protected quickly with our network of motor trade insurance professionals and a straightforward online quotation system.
Let us help you get the best deal for your business.
Simple Insurance Solutions Services has amassed a large portfolio of motor trade clients over the years, and we take pride in our ability to provide flexible terms and accept unexpected risks. There isn’t much we won’t consider quoting, and we were one of the first brokers to examine a market that had previously been considered “more hassle than it’s worth.” Whether it’s a huge dealership or a mobile technician.Whatever your occupation in the automotive trade, we can find coverage to meet your needs, from major dealerships to mobile mechanics.
Our short quotation form takes only a few minutes to complete. All we require is your contact information, information about your motor trade business, and the sort of insurance you want. Within minutes, you’ll receive a call from our experts, who can give you a reasonable quotation that may save you money on your current premium.
What is Motor Trade Insurance?
This type of coverage for someone who owns a business that involves automobiles is known as “motor trade insurance.” This can include anything from automobiles to trucks, and it can provide coverage for firms that deal with both their own and their customers’ vehicles.
How does motor trade insurance work?
When a motor trade firm deals with a customer’s vehicle, they are entrusting it to their “care, custody, and control,” which necessitates the purchase of a specialized insurance policy. In the field of motor vehicle insurance, the phrase “maintenance, custody, and supervision” appears frequently. It usually refers to automobiles that have been left in your company’s custody but are no longer protected by the owner’s personal auto insurance.
Auto trade insurance may cover a wide range of businesses, from automobile sales and maintenance to vehicle valets, breakdown service, motor technicians, and car dealers, among others. Because motor trade insurance may cover such a broad range of industries, it’s critical that each policy be tailored to the unique needs of each individual or company.
Is it necessary for me to get motor trade insurance?
If you’re a motor trader, certainly, because you’re breaching the law if you don’t have motor trade insurance. This isn’t only a necessity for limited firms; if you’re self-employed but still have responsibilities for other people’s cars, you’ll need to make sure you’re covered.
The sort of motor trade insurance you need is determined by the type of business you operate in. If you have automobiles under your care, custody, or control, for example, you’ll require motor trade insurance coverage that covers your customers’ vehicles. However, if you work in automobile sales and exhibit, collect, and transport vehicles, the situation is different. If you work in automobile sales, for example, and exhibit, collect, and deliver vehicles, the sort of coverage you require may differ.
Get a policy that covers all of your business activities.
It’s also common for motor merchants to operate in many areas, necessitating the purchase of a policy that covers all of their commercial operations. At Simple Insurance Solutions, we have a lot of expertise dealing with motor traders and finding plans that are tailored to their specific needs.
Importantly, you must be able to demonstrate that you are operating a legitimate business that earns revenue in order to qualify for motor trade insurance coverage. Motor trade insurance cannot simply be used to insure private individuals who drive many vehicles. You may learn more about it here.
Is it necessary to get motor trade insurance?
You must carry a basic level of motor trade insurance if you own or operate a business in the automotive industry. You are breaching the law if you do not. Mechanics, automobile dealers, vehicle valets, and other similar companies fall under this category. Coverage is required for both full-time and part-time enterprises. Third-party-only coverage is necessary at a minimum, while liability coverage is also advised.
Anyone running a business in the motor trade has a legal obligation to provide information to the Motor Insurance Database in addition to having the proper insurance (MID). Take a peek at our frequently asked questions to learn more.
How does Motor Trade Insurance Work?
Consider carefully the coverage that is included on the policy as standard and any additional coverage you may need. The number of extras that can be included on a motor trade insurance quotes policy is practically infinite. What type of business you have will determine this. Check to see if you don’t already have the required coverage from another source because some extras will cost extra.
