What Is Mechanic Insurance And What Does It Cover?
Mechanic insurance is key for anyone working within this sector, regardless of whether you are full or part time and either working from home or from a specific business premises. It can provide cover for your tools, machinery, buildings and contents, and cover you to drive customer vehicles for testing and diagnosis.
Mechanic insurance Explained
A Motor Trade insurance policy covering mechanics can come in various levels; they are Motor Trade Road Risk, and Motor Trade Combined. A Road Risk policy would better suit people working from home, covering you to drive customer vehicles. There are three types of cover; Third Party Only, Third Party, Fire & Theft and Comprehensive. If you have Third Party Only and have an accident while testing or diagnosing a customer’s car, your insurer will only pay out to cover the third party costs. Similarly, Third Party Fire & Theft will only cover third party claims for any damage, plus fire or theft of vehicles whilst in your care. Comprehensive cover however is an extensive policy that also provides cover for your own damages too.
If you have any employees then it is legal requirement that you have Employers’ Liability to cover you against any injuries, illness or death caused by negligence. You can also take out Public Liability insurance to protect any members of the public that are injured on your premises, or Product Liability which will cover you if faulty or defective products which you fit, subsequently cause an accident and the customer chooses to sue, allowing you to then sue the product supplier.
Anyone operating from a business premises is recommended to take out a Motor Trade Combined policy. This can cover all of the above plus extras including the premises itself, tools, plant and machinery, business interruption, money kept on site and general stock.
So what can Mechanic & Body Shop insurance cover?
- Third Party Only
- Third Party, Fire & Theft
- Comprehensive Cover
- Motor Trade Combined Cover
- Employers Liability Cover
- Public Liability Cover
- Product Liability Cover
How To Get A Quote?
Want to find out more, speak to an expert or get a Mechanic’s insurance quote? Call our specialist team on 0800 221 8077 or click Get a Quote below to find out how much you could save.