Motor Trade Insurance

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Motor trade insurance covers a range of business and brings together a blend insurance policies such as motor and business insurances to provide cover for all aspects of your business including employees, tools and property, vehicles, liabilities and your day-to-day business activities.

Standard public liability limit of £5 million
Employers liability £10million
Full cover for loan cars
Cover for vehicle recovery
All trades considered
Cover for diversified businesses

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Ian Herring

Account Executive

Ian Sadd

Account Executive

Andrew Higgins

Account Executive

The Alan Boswell Group Difference

We understand the motor trade and know how varied each business is and how important it is to get the right cover. We believe in the personal touch and our experts will explain what covers are required to ensure your business is fully protected. If you value your business we believe you’ll value our advice. One of our motor trade experts can visit your business to help you understand what cover is required.

How our clients rate us

4.8/5

5027 reviews

Not only have Alan Boswell Group got us more comprehensive cover, but they have reduced our premium by a fifth!

Mr Dorling, Motor Trade Insurance

Product detail

The cover you require depends on the type of motor trade business you operate. Covers available when purchasing motor trade insurance include:

Public liability Aside from customers slips, trips and falls, this would cover you for liability arising out of your everyday activities e.g. defective workmanship, faulty goods and services.
Business Interruption In the event of certain claims (e.g. fire) you would be able to claim for loss of earnings and/or additional costs to relocate your business temporarily to ensure continued operation.
Property damage Damage to your business premises and relevant fixtures and fittings.
Portable tools Loss or damage to tools while in use, both on and off premises e.g. diagnostic equipment.
Wrongful Conversion Cover for incorrect HPI and Experian checks for vehicle sales.
Road risks Cover for own vehicles, customers’ vehicles and loaned vehicles while being driven.
Damage to customers' vehicles Covers customers' vehicles damaged while in your care e.g. theft, fire.
Customers’ Loads Cover for commercial customers’ tools and equipment in your care.

There are also additional covers available that we would recommend dependent on your type of business.

Cyber Liability Protects businesses for costs occurring from a data breach or loss of information.
Directors' & Officers' Covers the cost of compensation claims and defence costs against the business’ directors.

There are a multitude of covers available and our experienced staff are there to support you with your business insurance requirements.

Some of these covers are only added when requested, or if they are added may have limited cover and it is important when you compare Motor Trade Insurance quotes you ensure you are comparing them on a like for like basis.

It is essential the correct ownership of business and personal vehicles is declared to ensure the right cover is in place e.g. director vehicles are often not covered unless specifically noted.

Ensure all motoring claims and convictions are advised as failure to do so could invalidate your business’ insurance.

All business activities no matter how minimal must be declared to ensure the correct cover is obtained.

FAQs

What is motor trade insurance and what does it cover?
Motor trade insurance will cover the insurance needs of your business – both commercial and motor. Outside of the motor trade industry, most companies have to take out both a business policy and a motor policy. For motor traders both are covered under the one policy.
Motor trade insurance, car trade insurance and traders' insurance; is there a difference?
No, there is no difference. They are all terms used for motor trade insurance.
Can I get motor trade insurance for drivers under 25 years old?
Yes you can, although the rating will be dependent on experience.
Do I need Motor Trade Insurance?
If you work in the motor trade and either employ people or drive cars then there is a legal requirement to have valid insurance.
What is the Motor Insurance Database (MID) and Continuous Insurance Enforcement?
The MID was setup to comply with an EU Directive, which requires insurance details of all vehicles in member states can be easily accessed by a national information centre. We will work with you and your insurance company to ensure you comply with this directive.
Continuous Insurance Enforcement (CIE) has been implemented to reduce the number of uninsured drivers. Under CIE, the registered keeper of a vehicle will be sent an Advisory Letter if it appears that the vehicle has no insurance unless it has a valid Statutory Off Road Notice (SORN).
Who can drive the vehicles on my Motor Trade policy?
This all depends on how the policy has been setup. There are two main ways to setup a policy, either on a named-driver or any-driver basis. It makes sense to plan who you want to drive as the tighter the restrictions on driving, generally the better the premium. For example you can restrict any driver to business-use only.