Insurance and risk-management advice
What is motor trade insurance?
Motor trade insurance is a policy taken out by someone who runs a business involving anything to do with vehicles (including cars, vans, HGV’s and motorbikes). This includes companies who buy and sell vehicles, service vehicles, garages (including mechanical & body repairs) and MOT centres. Regardless of the size of your business - whether it’s just you operating alone or an established team of people, you must be covered with motor trade insurance.
Why do I need motor trade insurance?
It is a legal requirement if you operate under any of the above businesses to have motor trade insurance. The type of insurance you take out however, is completely dependent on the type of business you own. For example, if you are a SMART repairer, your insurance will look very different to a multi-franchised Dealership.
We provide motor trade insurance and risk-management advice for thousands of motor trade businesses; from sole traders and small family-run firms, to some of the largest franchised dealers and global businesses.
What does a motor trade insurance policy cover?
Simply put, it covers your business against any third party damage to public property or injury to the public, as well as covering your business assets and people – both on and off the road. There are also a number of extra covers your business may need which one of our experienced motor trade insurance brokers can discuss with you.
These may include Engineering Inspection cover, Management Liability cover, Environmental Liability cover, Legal Expenses cover, Cyber Liability & Crime cover, etc.
In addition to the above types of cover, you would also be covered for accidental damage to any of your own company vehicles and/or customer vehicles you may have in your custody and control, in connection with your business. So, if you are required to drive customer vehicles in and out of the workshop (post repair), this type of policy will cover you should there be an accident, or if any damage occurs.
How can Gallagher help my business?
Our experienced motor trade insurance brokers offer a wealth of industry knowledge and experience - only dealing with motor trade means they are specialists in what they do. They understand your business, your risks, your liabilities and your trade insurance needs, which explains our 90% customer retention rate in 2018.
Your motor trade insurance needs may be complex or simple; it makes no difference to us. Our qualified, specialist team of motor trade insurance brokers can tailor a broad, robust package of automotive insurance which is right for your business. Whether you’re a one-man operation, a multi-franchise car dealership or something in between, we can arrange a single policy and renewal date, with simple premiums and flexible payment options, all at a competitive price.
Who can Gallagher help?
We can look after the insurance needs of a range of motor trade businesses, including vehicle manufacturers (for all vehicle types, parts and associated motor manufacturing) and retailers, from independent single-site businesses to main dealer groups (pre-owned or new).
We also arrange cover for aftermarket businesses involved in post-sale maintenance (whether servicing, routine maintenance, MOT testing, accident repairs, or restoration), motor sport (from amateurs to F1, track days, race teams, circuits and marshals, plus some of the largest composite manufacturers, regulatory bodies and global racing teams) and research and development centres for new vehicles, engines, body types, materials and emerging fuel sources.
Our ethical standpoint has always been at the forefront of everything we do, and we have worked hard to build advantageous relationships with the leading specialist motor trade insurance companies and underwriters. Whatever your risks, our motor trade insurance and risk management advice could help to protect not only your business, but your employees and customers too.
Motor trade insurance summary
- Free audit to work out what motor trade car insurance you need
- We’ll design an insurance policy around your own business needs
- Don’t pay for more or less trade car insurance than you need
- Option to spread the cost with monthly payments
As a well-established motor trade insurance broker, we are accredited by, recommended by or work closely with several leading automotive and motor trade organisations. Our qualified team are on hand to discuss your options and to understand your risks and concerns: from Brexit to the challenges of repairing and maintaining new vehicle types such as hybrid, electric, connected and autonomous (driverless) cars.
For further information and to request a quote speak with one of our experienced trade motor insurance brokers today.