What is motor trade combined insurance?

or are perhaps more of a threat to those in the industry than in other sectors. Motor trade combined insurance is a single insurance policy to cover all of those risks in one product - giving you complete peace of mind that all of your risks have been accounted for.

Of course it is important for all businesses to have insurance in place to protect against financial loss and interruptions to trade; however, in the motor trade there are industry-specific requirements to meet too.

These include legal obligations, such as employers’ liability insurance, and road risks cover to protect against incidents involving vehicles while they are on the public highway, or in transit from one place to another - remember, personal car insurance usually won't cover you for any losses that occur in the course of your business.

You may already have road risks cover in place, but if you also have premises or tools, these might not be protected under the terms of your policy; you might also be at risk if a member of the public is injured during your work, unless you have a separate public liability insurance policy.

Motor trade combined insurance brings all of these risks together, with a single bespoke product to protect all aspects of your business, whether out on the road, back on your own premises, or interacting with members of the public, customers and employees.

Common areas of cover include road risks, material damage to buildings, own vehicles and customer vehicles, IT and office equipment, business interruption, public liability and engineering inspections.

Anyone working in the trade should consider taking out a motor trade combined insurance policy, but it is particularly important for body shops and MOT centres, tyre and exhaust fitters, repair shops, and specialists in classic cars and sports cars.

To find out more about the types of protection available to your business and our other services for those in the motor trade, contact our experts today.