When it comes to motor trade policies, there are a variety of businesses that can take advantage of competitive rates. This includes companies in the automotive supply industry as well as those in other motor trade sectors that have dealings with motor vehicles. This is whether they repair them or clean them. By securing motor trade insurance from a reputable insurer, these businesses can enjoy coverage that is tailored to their specific needs and requirements.
Some of the businesses that can benefit from a competitive motor trade policy include:
Auto Repair Shops
Whether it’s a simple tune-up or a major overhaul, auto repair shops need to be insured in case something goes wrong. A company similar to Hail Specialists now offers full auto body and paint repair service in Austin, Texas only because they are able to insure themselves. A motor trade policy can help to cover the costs of any repairs that may be required, as well as any liability that could arise from work being carried out on a customer’s vehicle.
From used car dealers to those selling high-end luxury vehicles, all car dealerships need motor trade insurance. This type of policy can provide cover for the vehicles on the premises, as well as any that are being test-driven by potential customers. In the event of an accident, the motor trade policy can help to cover the cost of repairs or replacements.
If you deal in more expensive vehicles then you will need to check that these are covered by your particular motor trade insurance. There may be limits as the loss to insurers will be considerably higher in case of a claim.
Valeters and Detailing Services
If you run a business that offers valeting or detailing services, then you need to make sure you have the right insurance in place. A motor trade policy can cover the cost of any damage that may be caused to a vehicle while it is in your care that could arise from your work.
Any contact with a vehicle could potentially result in a claim if something goes wrong. A business owner will want to protect themselves and their employees from any liability that would potentially need to be funded should there be any kind of accident.
For those who offer their services on the go, motor trade insurance is essential. This type of policy can cover you for any repairs that you may need to carry out, as well as any liability that could arise from working on a customer’s vehicle.
A motor trade policy for a mobile mechanic differs in that there are no premises to insure and perhaps no need to collect or deliver vehicles to customers, but they still need the cover in respect of working on a customer’s vehicle. It depends on the service offered, of course. It may be that a vehicle cannot be fixed on the spot and that a mechanic then needs to drive it to somewhere else to work on it. Then they would need more cover than just working on a vehicle. They would need third-party road risks and damage cover to protect the customer’s vehicle that they are driving.
If you run a scrap yard, then you need to have motor trade insurance in place. This type of policy can cover damage that may be caused to a vehicle while it is on your premises, including any liability that could arise from your business.
Scrap yards can be dangerous places and it will be important to have public as well as an employer’s liability cover in place with a motor trade policy.
Motor trade policies can be an essential consideration for a variety of businesses, so it’s important to make sure you get the right policy in place for your needs. By working with a reputable insurer, you can find a policy that offers a competitive premium and enough insurance cover.
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