Motor trade insurance

New car sales

Used car sales

MOT centres

Car repair centres

New commercial sales

Used commercial sales

Commercial vehicle repair centres

The following is a brief summary of the insurance cover available on a UK insurers motor traders combined insurance package policy. This is an example
of one insurance companies policy.

Many insurers offer similar motor traders insurance package policies and the insurance cover will be similar. However, please note that many motor traders combined insurance policies will differ in many ways. Whichever sections are chosen there may be differing warranties or conditions applicable. All warranties or conditions applied to commercial combined insurance, commercial insurance or traders combined insurance are very important and you should read through these very carefully.

You should always ask for your motor traders combined insurance quotation in writing and ensure that you read through the terms, conditions, warranties, exclusions, excesses and sums insured fully before accepting any insurance quotation. If a warranty is applicable this may mean that insurance cover will not apply in certain circumstances. For example, a public liability insurance policy may exclude work on certain types of vehicles.

The old adage “the cheapest is not necessarily the best” is certainly true for business insurance and commercial insurance which includes surgery insurance. Businessinsure will always provide you with a full written quotation based on your insurance requirements that we have discussed. Whilst we can advise you that we feel a quotation is suitable for you, you should always ensure that any business insurance quotation that we provide to you provides adequate insurance protection for your business.
Motor trade insurance and motor traders insurance policy wording summary of cover
Material Damage All Risks Cover

• “All Risks” basis • Engineering breakdown is included

• Subsidence is available as an option in most cases

Business Interruption

Loss of Gross Profit following damage to your business premises

• Loss of outstanding debit balances following damage to accounting records at your premises

• “All Risks” basis

Goods in Transit

Property whilst in transit within the territorial limits

• “All Risks” basis

Money (Policy Section 4)

Loss of Money

• in transit and at contract sites

• In bank night safe

• In premises during business hours

• In premises outside business hours in safe

• In premises outside business hours not in safe

• From fuel sales staff

• In private dwellings

Wrongful Conversion

• Breach of implied warranty of title

Personal Accident (Assault)

Benefits are payable for injuries sustained during a robbery and/or an attempted robbery resulting in:

• Death

• Loss of Limbs or Sight

• Permanent total disablement

• Temporary total disablement

• Temporary partial disablement

• Incurred medical expenses

Employers’ Liabilities

• Indemnity Limit £10 million (inclusive of legal costs) for any one occurrence, unless otherwise shown in the schedule

Public Liability

Indemnity limit for any one occurrence as shown in the schedule

Defective Workmanship/Sales Indemnity

Indemnity limit for all occurrences during any one period of insurance as shown in the schedule

Engineering Inspection

Statutory or non-statutory inspection of specified items of machinery and plant

Legal Expenses

This section covers legal expenses in relation to the following:

Standard Cover:

• Employment disputes and compensation awards

• Data Protection

• Legal defence

• Property protection and bodily injury

• Tenancy Disputes

• Tax protection

• Statutory Licence Protection

• Contract Disputes

Each of these covers has its own Provisions and Exclusions, in addition to which the General
Exclusions apply to the whole section. The purpose of this cover is to pay costs you incur (with our approval) in relation to the legal action, NOT to pay any fines, penalties or compensation you are ordered to pay. In any event, we will not pay any costs incurred prior to our acceptance of the claim, nor any claim reported more than 180 days after you have known about the incident giving rise to the claim.

Your policy has full details of the cover and exclusions applicable, both in relation to the individual covers and at policy level.

This section is underwritten by DAS Legal Expenses Insurance Company Ltd.

Motor Trade Policy

Please refer to your policy schedule for full details of any endorsements or excesses that may apply.

Accidental Damage / Loss or Damage by Fire or Theft / Loss of Use (Customers Vehicles) /
Vehicles with Sub Contractors

Loss of or damage to an insured vehicle and its accessories either by accidental damage or by Fire and Theft and its accessories

Liability to Third Parties / Third Party Contingent Liability

An insured vehicle being driven by a customer whilst the customers vehicle in the Insured’s possession for repair of servicing