If you’ve dealt with cars for a long time, you probably already know that there are a lot of different types of motor trade insurance out there.
From seemingly unneeded coverage benefits, such as being able to sue the manufacturer for an unsafe car part, to road risk coverage levels crucial for legally driving third party vehicles, you’ll find many different coverage levels that can be adequately tailored to virtually any type of business.
Types of Coverage for Every Business
Whether you’re an auto mechanic opening his first repair shop, a valeter, a vehicle electrician or a car dealer, motor trade can be extremely important for running your business smoothly.
Since all of these different kinds of companies and services work with third party cars, but may either be more intrusive or are required to handle customers’ vehicles only to a limited extent, the level of insurance coverage they would need will also vary.
Let’s take a look at a few of the most basic, as well as the most important examples of required motor trade coverage that you might want to look into for your own business:
- Public liability insurance can be tricky, and most might think they don’t need it. However, if someone visits your repair shop or dealership and gets injured by one of your machines or vehicles by accident, you will be glad to have it. It will essentially help you avoid costly medical expenses that you’d otherwise have to pay for.
- Combined motor trade coverage is one of the most comprehensive types of insurance you can get as a motor trader. It will basically cover your entire business, including money, liability, vehicle, tools and premise coverage, and it will even protect you if you run your business from home.
- Depending on the insurance company you work with, you can also get additional coverage options that will include goods in transit cover, inspection coverage, as well as appropriate protection in the event of employee theft, material damage or stock deterioration.
Getting the Best Motor Trade Insurance Quotes
There are, of course, many other coverage options out there, each with its own specific price, tailored according to every insurance provider’s policy. To get the best offers, however, you will also have to know how to navigate your way across the internet and land some competitive quotes.
All you have to do in order to get the best motor trade insurance quotes is to visit the official website of one of the top insurance providers on the web – anthonypainter.co.uk insurance comparison is a great place to start, quickly complete the provided form, and get detailed information about the price, coverage details and price comparison of the type of insurance you need for your business.