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Do I need Motor Trade insurance cover?


Do I need Motor Trade insurance cover?

The motor trade industry is huge. It encompasses businesses that sell, repair, trade, enhance or test vehicles. As the owner of a motor trade business, the risks you face may be very different from another business in the same industry. Motor trade cover needs to be as diverse as its industry in order to account for the unique risks facing all motor traders. Are you confident that you are covered fully?

Motor trade cover generally offers protection for businesses that deal with vehicles belonging to customers—but it can be more complicated than that.

Who Should Purchase Motor trade Cover?

Motor trade insurance is designed for businesses that use vehicles on their own or others’ premises that don’t necessarily belong to them. Cover includes:
  • Motor vehicle and motorcycle dealers
  • Motor vehicle repair body shops
  • Vehicle accessory manufacturers
  • Vehicle electricians
  • Valeters
  • Security device installers
  • MOT testing stations
  • Restaurants, hotels and special event operations with valet parking
  • Other businesses that accept custody or control of vehicles belonging to others for a fee

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This list is not exhaustive. The risks of running one type of motor trade business, such as a car dealership, are markedly different from the risks of running another type of business, such as a valet parking company. Whatever type of motor trade business you run, you need to survey the available cover options in order to ensure your company is fully protected. That’s where Higos comes in. We know the cover you need and give helpful advice and guidance. It is not left to guess work. 

Manage Your Risks

Your business is exposed to numerous special risks. A complete appraisal of what you face and a bespoke policy will help protect your business and ensure future profitability.

Contact Higos Insurance Services Ltd today on 01458 270 428 for more information on crafting a robust motor trade insurance policy.

For more information on how we can help protect your business, visit our Motor Trade page or complete our online quote request form.

Posted by: Higos Insurance Services Ltd