Motor Trade Insurance
- Covers vehicles driven on the road.
- Covers vehicles that you own as well as customer vehicles under your care.
- Ensures your business can continue operating smoothly without facing major disruptions.
How it works
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Why Motor Trade Insurance ?
Motor trade insurance is crucial for businesses involved in buying, selling, servicing, or trading vehicles. It provides comprehensive coverage for the unique risks of the motor trade industry, including vehicle damage, liability claims, theft, and more. This specialized insurance ensures legal compliance, financial security, and business continuity, allowing motor trade enterprises to operate confidently while safeguarding their assets and operations from unexpected setbacks.
Key Benefits
Vehicles Protection
- Coverage for vehicles under repair or in your care, safeguarding against damage, accidents, and theft.
Liability Coverage
- Protection against claims if accidents or damages occur during repairs or test drives.
Business Continuity
- Ensures you can continue operating after unexpected events without major disruptions.
Premises and Equipment
- Coverage for your workshop, tools, and inventory from risks like fire, theft, or natural disasters.
Risk Mitigation
- Reduces financial risks associated with accidents, breakdowns or legal claims.
Third Party Coverage
- Third party property damage .
- Third party bodily injury.
Frequently asked questions
What is motor trade insurance?
Motor trade insurance is a specialized type of insurance designed for businesses involved in the motor trade industry. This industry includes activities such as buying, selling, repairing, servicing, or trading vehicles, whether it’s cars, trucks, motorcycles, or other types of vehicles. Motor trade insurance provides coverage for the unique risks that businesses in this industry face, offering protection for vehicles, employees, premises, and liabilities.
Who needs motor trade insurance?
Motor trade insurance is crucial for anyone involved in the motor trade industry. If you’re a car dealer, mechanic, repair shop owner, vehicle transporter, or engaged in any business related to buying, selling, servicing, or trading vehicles, motor trade insurance is essential. This includes both full-time and part-time businesses. Whether you operate from a garage, dealership, or even from home, this insurance provides tailored coverage for the unique risks your business faces. Protecting against accidents, damages, liability claims, and unforeseen events, motor trade insurance ensures your operations run smoothly and your assets are safeguarded. Don’t risk the future of your motor trade business—get the right insurance coverage today.
How is motor trade insurance different from regular car insurance?
Motor trade insurance and regular car insurance serve distinct purposes. Regular car insurance is intended for individuals who use their vehicles for personal purposes. On the other hand, motor trade insurance is specifically tailored to address the unique requirements and risks associated with businesses in the motor trade industry.
Can I Transfer My No-Claims Bonus to My Motor Trade Insurance Policy?
Yes, depending on your insurance provider and policy terms, you might be able to transfer your no-claims bonus from your personal car insurance to your motor trade insurance. Discuss this option with your insurer to determine if it applies and how it could affect your premium. Remember, policies may vary, so inquire about specific guidelines before making a decision.
How Can I Find the Right Motor Trade Insurance Policy for My Specific Needs?
You may contact Asure Insurance Agency Customer Service Hotline at +65 8823 8181 to deactivate your account.