Comprehensive Motor Trade Insurance

If you’re looking for Car insurance or a Motor Trade insurance policy, and want the highest level of cover for your vehicle(s), then you may want to consider a Comprehensive policy.

In addition to having Third Party, Fire and Theft cover, a Comprehensive Motor Trade insurance policy also protects you against damage to your car from uninsured drivers, from motorists that cause damage to your car that cannot be identified, and damage resulting from a collision that isn’t your fault.

Does Comprehensive Motor Trade Insurance Cover Everything?

Even though Comprehensive cover is the highest level of Road Risk Motor Trade insurance policy, it still doesn’t cover everything your business might need. When you take out a Comprehensive Motor Trade Road Risk insurance policy you will only be taking out cover for the main vehicle and any others you add onto the policy e.g. customer vehicles you are in temporary possession of. A Comprehensive policy usually doesn’t include things like Breakdown cover, Windscreeen cover or Carriage of Vehicles cover either, and these things will need to be added on separately. The lack of Windscreen cover doesn’t mean that you can’t put in a claim for a chipped or broken windscreen, but it usually means there would be an excess to pay, separate from your Voluntary or Compulsory Excess amounts. However, every insurer’s windscreen cover is different, so the best practice would be to thoroughly read through the Terms and Conditions of the policy you take out, so you know exactly where you stand.

As a motor trader, you may want to look at additional Motor Trade insurance products that can further protect your business, to cover all of the different elements your business needs. Every motor trade business is different, which is why there isn’t a one-size-fits-all type of Motor Trade insurance policy, and each business needs to be reviewed separately in order to create the most appropriate insurance policy for them.

Combined Motor Trade Insurance

While you can take out Comprehensive Motor Trade Road Risk insurance to cover the vehicles, if you are looking for a policy that covers other aspects of your business such as any buildings and contents, any stock, products or services you offer, then you should look at a Combined Traders insurance policy. This type of policy can be tailored to your motor trade business so that you can insure everything in your business that needs covering. Most traders will find that their Combined policy differs from their colleagues’ in the industry as it is based on their individual business. A Combined policy can cover:

• The Specific business premises you operate from
• Stock of vehicles
• Money kept on site
• General stock stored at the premises
• Machinery, plant and all other contents
• Portable tools
• Business interruption
• Carriage of vehicles
• Public liability
• Employers’ liability
• Product liability

Combine Comprehensive with Combined Cover to Create the Best Motor Trade Insurance for You

If you want the best Motor Trade insurance to protect your business, then you couldn’t do better than asking for Comprehensive cover when taking out a Combined Traders insurance policy. As you’ll be combining the high level of protection that Comprehensive cover gives you with the extra coverage that a Combined policy offers, you will be making sure that you’re not just protected on the road but protected in all other aspects of your business too.

Get a Comprehensive Motor Trade Insurance Quote

Whether you just want a Road Risk Comprehensive Motor Trade insurance quote, or you want to design a bespoke Combined policy that works for your business, we can help. Our team of dedicated Motor Trade insurance advisors will help you tailor a Traders insurance policy geared towards protecting your Motor Trade business. To see what we can do for you, click ‘Get a Quote’ below or call 0800 221 8077.