If your business involves employees using vehicles in any way shape or form, it’s important that you are aware of motor trade insurance.
This is a type of insurance offers protection against accidents and any other incidents that might happen whilst staff are behind the wheel or working on either a company car or a car of a customer.
Motor Trade Insurance Purposes
Motor trade insurance is important in a wide range of professions.
A few of the more common examples include used car dealerships, valet-parking services and mechanics, but it is an essential form of protection for any type of business that deals with cars on a regular basis. It is important to note that this is an important form of protection even if you are self-employed but are still responsible for vehicles in one way or another.
Whether it involves driving vehicles for your operation or you are working on the vehicles of customers, having protection in place could save you a huge sum if something were to happen.
Motor trade insurance is highly flexible and the type that you need will depend on your operation.
If you take vehicles onto public roads then you will need your policy to include road risk – as with normal car insurance, this is available in comprehensive, third-party and third-party, fire and theft. You may also need employers’ liability insurance and public liability insurance to protect you against claims made by staff and customers or members of the public.
If you run a garage you will want to take out product liability insurance, whilst if you own vehicles or equipment then material damage cover will ensure that unsold cars are insured.
As with any type of insurance, it is important that you take the time to shop around and find the right level of cover for your particular business. To get the best level of cover and the best deals, it is worth visiting a specialist motor trade insurance provider, such as Gallagher.
Motor trade insurance is an important purchase for any company that deals with vehicles (whether their own or their customers’) on a daily basis. This insurance would offer protection whether an employee were to get into an accident whilst behind the wheel or if damage is inflicted whilst working on the vehicle. Motor trade insurance is highly flexible and this means that you should be able to find the perfect level of cover for your particular business and not have to worry about any mishaps costing you a fortune.