Do You Need Motor Trade Public Liability Insurance?
It’s Not A Legal Requirement But Maybe You Should Consider It
If you interact with customers, or members of the public in your line of work, then there’s always a chance an accident could happen, and in that event you want to make sure you are prepared.
Who Is Motor Trade Public Liability Insurance For?
Any business in the motor trade that interacts with a customer or members of the public should seriously consider taking out Public Liability insurance, it doesn’t matter how big or small your business is. Whether you’re a bodyshop owner, valeter or mechanic – you don’t want to be on the end of a claim and having to pay out of your own pocket for compensation and legal fees. If you are a car salesman you should also take a look at Sales & Service Indemnity, which is available as an extension to Public Liability insurance.
Why Should You Take Out Motor Trade Public Liability Insurance?
It’s especially important if you’re a small motor trade business. You may think that foregoing Public Liability insurance will save you money and in the short term, it just might. However if a customer (or member of the public) has an accident on your premises then you may see yourself on the end of a costly claim. Not only does it protect you in the event of a claim, it protects your customers, as well as instilling trust and displaying a certain level of professionalism. Importantly, it also covers legal costs, but most of all it’s just good business practice.
The biggest reason for getting Public Liability insurance is peace of mind, knowing that you can operate, safe in the knowledge that you’re insured on all fronts meaning you’ve got one less thing to worry about.
Considering Public Liability Insurance?
If you are considering Public Liability insurance for your motor trade business you want to make sure you’re getting a good policy. This is where Think Insurance can help, we’ll make sure you get the right cover for you, with flexible payment options and a competitive price. If you want an award winning insurance broker with expert knowledge and a 24/7 UK claims line give us a call on 0800 221 8077 today.