This class of insurance is aimed at main and non-main dealers, mechanical repairs/ servicing garages, tyre fitters, sellers/distributors of vehicles.

As a motor trader you will have insurable interest in your business premises including its general contents, plant and machinery/ tools and stock of vehicles (whether your own garage vehicles or customers vehicles) and therefore you will want to cover these assets together with your legal liability towards employees and third parties alike.

You may also wish to cover any financial losses incurred should your premises become uninhabitable as a result of damage from an insured peril such as fire, theft or storm damage for example. Business interruption cover can be included to protect you against your loss of gross profit and increased costs of working.

What does cover do to protect the client/policyholder, their business etc.?
Usually written on a combined liability basis covers include: Road Traffic Act Risks, Property Damage, Business Interruption, Employers Liability, Public Liability and Product Liability. Defective Workmanship cover is also available subject to an additional premium. Employees can be covered as named drivers in respect of their use of vehicles in connection with the business such as transporting, moving and testing.