Motor Trade Insurance - premises

If you are in the Motor Trade and need insurance, we can provide quotes for motor trade insurance policies that can cover not only your motor trade road risks insurance, but also quotes for your liability as a motor trader as well as well as premises risks insurance - e.g. for stock of vehicles, customers vehicles.

Summary of motor trade policies

• Motor Trade road risks - Quotes for the person engaged in buying and selling cars and vans. Online quotes are available for the motor trader whether working at home or at premises. Minimum age is 23. 

• Motor Serv - designed for mechanics, valeters etc. This motor trade insurance policy will cover your vehicle and allow you to drive other people's vehicles in connection with your business as a motor trader. As rates depend on the vehicle please call us for a free no obligation quote (the rates are cheaper than a motor trade road risks policy)

• Motor Trade Internal Risks (below). Although the same insurer quotes for all three policies, you do not have to have a road-risks policy to qualify for the internal risks policy (or vice versa). Quotes are available for people based on premises, on a mobile basis or at home.

Cover available under the motor trade property/liability policy

• Public Liability Insurance, sales and service indemnity - £1, £2 or £5 million

• Employers Liability insurance £10m

• Stock of vehicles from specified business premises : £10K - £100K

• Malicious damage, attempted theft and vandalism for vehicles in locked buildings/ compounds

• Claims on customers vehicles settled on market (not trade) value

• Wide variety of construction of premises acceptable

• Sales Office Risks (for full time vehicle sales operators only)

  • Contents : £10,000 including £1000 stock

  • Buildings up to £100K

  • Business interruption : £25K

  • Money cover

  • Replacement locks up to £1000 (as part of contents cover)

  • Personal effects/ tools up to £500 per person (as part of contents cover)

  • 24/7/365 claims help line

Suitable occupations for this motor trade insurance policy

Unsuitable occupations for this policy (not exhaustive)

• Specialists in vintage/ classic/ sports/ high performance, prestige, fibreglass, American Canadian or Kit vehicles

• Vehicle dismantlers, breakers, scrap/ salvage merchants or salvage repairers

• Agricultural or plant engineers/ dealers/ repairers

• New and second hand parts dealers and Motor factors

• Vehicle accessory dealers

• Vehicle brokers, sourcers or fleet/vehicle management businesses

• Tyre dealers/ wholesalers

• HGV recovery operators

• Motorcycle, coach, bus, HGV, caravan or motor home repairers/ dealers

• Taxi drivers, dealers, repairers

• Dealer transfer agents

• Vehicle repossession agents or operators

• Business/ Company liquidators

• Auctioneers

• Vehicle importers/ exporters i.e. includes sale/ repair of grey imports - not by the manufacturer

• Vehicle Lessors and SDH operators

• Vehicle assessors or independent consulting engineers

• Claims management or Assistance Companies

Prices - a rough guide - call us for a firm quotation 0844 8262616

Vehicle Stock - from a specific location

Rates depend on the sum insured and the location and range from £118.00 (£10K in a rural area) to £1600 (£100K in London). Some areas are not acceptable e.g. some Birmingham, Blackburn, Bradford, Huddersfield, Manchester, Oldham and Preston postcodes. For most of the Country £30K cover will cost about £250-£350, £60K £470-£570 and £100K £750 - £875.

Keys must be kept in a locked safe or at a different location and all vehicles must be locked, all windows etc closed and keys removed. Rates are increased by 25% for vehicles in a locked compound (there must be a barrier around it 2 or 3 feet high and gates secured by steel locking posts/ close shackle padlocks) and 50% in the open (accessible vehicles must be locked, have the steering lock engaged and be fitted with a suitable wheel clamp)

A minimum premium of £175.00 + IPT will apply to this section if taken.

Public Liability

Expect to pay £100 for £1 million, £120 for £2 million and £156 for £5 million, 5 times as much for a mobile welder or 50% more for a body builder. Employers liability is £95 per person (£175 for mobile welder and £110 for vehicle repairs/ recovery). Additional cost for public liability is half this. Efficacy as an auto electrician or engineer won't be covered. Clerical staff can be covered for employers liability for £30 a head if the trade that has a manual activity. A £250 excess applies (increased to £500 for use of heat). If this cover is taken the minimum premium will be £95.00 but this is subject to an overall policy minimum premium of £175.00

Sales offices ONLY FOR FULL TIME VEHICLE SALES OPERATIONS

The minimum premium for this section is £250.00.

Standard property (brick, stone, concrete, metal and roofed with slates, tiles, concrete, metal sheets or slabs of incombustible mineral ingredients) can be covered £25K -> £50, £50K -> £100, £75K -> £150, £100K -> £200 and contents for £75.00. Business interruption is £75 if contents cover is taken and money is £50

Non-standard e.g. portacabin cost 50% more for the buildings, £100 for the contents, £100 for business interruption and £50 for money.

All prices quotes exclude IPT (6%)

IF you accept the price we quote for your motor trade insurance policy, we can, subject to payment, arrange instant cover.