Motor Trade Cover
Running a motor trade business comes with daily risks. Whether you’re repairing or selling vehicles, unexpected incidents can quickly disrupt your livelihood. That’s why having the right Motor Trade Insurance in place is so important.
At JPM Broking Services, we understand the challenges faced by businesses working within the motor trade industry. Rather than offering generic policies, we work closely with you to arrange insurance that reflects how your business actually operates. Our goal is simple — to provide dependable protection that allows you to focus on running your business with confidence.
What is Motor Trade Insurance?
Motor Trade Insurance is a specialist form of business insurance created for companies or individuals who work with vehicles as part of their profession. Unlike standard car insurance, it recognises that motor traders often deal with multiple vehicles, customer property, specialised equipment and various business responsibilities all at once.
This type of insurance protects against a wide range of risks, from accidental damage, defective workmanship, theft, as well as liability claims and business disruption. Because every motor trade business is different, cover can be adapted to suit your individual requirements.
Who Typically Needs Motor Trade Insurance?
If your business involves handling vehicles that belong to customers or that form part of your stock, Motor Trade Insurance is usually essential. This applies whether you operate from a busy workshop, a forecourt, or as a mobile service provider.
Motor Trade Insurance is commonly used by businesses and professionals such as:
- Vehicle dealers and car traders buying and selling stock
- Mechanics and vehicle repair garages
- MOT testing centres
- Mobile mechanics working at customer locations
- Vehicle valeting and detailing businesses
- Breakdown recovery and vehicle transportation services
- Tyre, exhaust and windscreen fitting specialists
- Vehicle restoration and modification businesses
What Does Motor Trade Insurance Cover?
Motor Trade Insurance policies are designed to provide layered protection across several areas of your business. The exact cover can be tailored depending on your activities, but most policies include protection for key risks faced by motor traders.
Road Risks Cover: Road risks insurance is vital to a motor trade policy. It allows you to comprehensively drive vehicles connected to your business, including customer vehicles, courtesy vehicles or vehicles being transported between locations. This includes cover for Trade Plates.
Vehicle Stock: Overnight cover for customers vehicles left at your business premises. For dealerships, this covers the vehicles on the forecourt! Protects vehicles in your care against risks such as theft, fire or accidental damage while they are stored at your premises or in designated locations.
Defective Workmanship: This covers the damage caused by faulty or negligent work, but not the original work itself, therefore the cost of redoing the original job will not be covered, but the work to rectify the error is.
Public Liability Insurance: This protects your business if a member of the public suffers injury or property damage as a result of your business activities. It is particularly important for businesses that regularly interact with customers or operate from physical premises.
Employers’ Liability Insurance: If you employ staff, this cover helps protect your business if an employee is injured or develops an illness due to their work. In many cases, this type of insurance is a legal requirement.
Premises, Tools and Equipment Cover: Many motor traders rely on specialist equipment and workshop facilities. Cover can be arranged to protect buildings, tools, machinery and business contents against risks such as fire, theft or accidental damage.
Business Interruption Protection: If an insured event forces your business to temporarily stop trading, business interruption cover can help replace lost income and support your business while you recover.
Because every motor trade business operates differently, Motor Trade Insurance policies can be adapted to include the cover most relevant to your day-to-day activities. At JPM Broking Services, we take time to understand your business before recommending suitable protection.
Why Motor Trade Insurance is so Important
Protecting your business with the right Motor Trade Insurance is essential. At JPM Broking Services, we are committed to helping motor traders across the UK arrange cover that works for them.
If you’re looking for reliable, tailored Motor Trade Insurance, speak to our friendly team today and let us help you find a policy that supports your business now and in the future.
How Much Does Motor Trade Insurance Cost?
The cost of Motor Trade Insurance varies depending on several factors, including:
- Type of motor trade work you undertake
- Business size and turnover
- Number of employees and drivers
- Value of vehicles handled or stored
- Location and Security of your premises
- Level of cover required
At JPM Broking Services, we work to find competitive quotations suited to your business and budget.
Getting Covered is Straightforward
Arranging Motor Trade Insurance doesn’t need to be complicated. Our staff take the time to learn about your business, explain your options clearly and help you select cover that feels right for you. From your initial enquiry through to policy set-up and ongoing support, we aim to make the process as smooth as possible.
Speak to JPM Broking Services Today
Protecting your business with the right Motor Trade Insurance is essential. At JPM Broking Services, we are committed to helping motor traders across the UK arrange cover that works for them.
If you’re looking for reliable, tailored Motor Trade Insurance, speak to our friendly team today and let us help you find a policy that supports your business now and in the future.
