What Exactly Is Vehicle Sales Insurance And What Kind Of Things Does It Cover?
Motor traders insurance policies are aimed at people buying and selling vehicles for a profit. Whether it’s your full time profession, or you have another occupation and do it as a side line, if you are making money from it, then you need to have insurance in place to cover you. Policies cover traders working from home or designated premises, and can protect you against accidental damage, theft, loss and injury. Read below for more information on motor traders insurance.
Vehicles Sales Insurance Explained
Motor traders insurance can protect anyone buying and selling vehicles for a living, and provides various levels of protection, depending upon the level of cover you purchase, against accidents, incidents, damage, financial loss and any claims made against you by customers, members of the public, or any other third party.
The three basic cover levels are Third Party only, covering any damage caused to third party property or individuals only; Third Party, Fire & Theft, also covering fire damage and theft to a motor traders own vehicles; and Comprehensive, which covers accidental damage to your own vehicles too. There are additional liability products that you can add to your policy including Public Liability, to protect members of the public visiting your premises against damage to property, injury, illness or death; Product Liability, also known as sales and service indemnity, covering you should something go wrong with a vehicle you sell, or a part fitted to one of those vehicles and any claims which arise as a result; and Employers’ Liability, covering your members of staff against injury, illness or even death while at work.
Vehicle Sales insurance can include:
- Demonstration cover
- Cover for stock of vehicles
- Cover for multiple premises
- Cover for multiple drivers
- Tools, machinery & equipment
- Carriage of vehicles
- Office, premises & compounds
- Stock & money
- Business Interruption
- Sales & Service indemnity
- Public & Employers’ Liability
- Convicted drivers
How To Get A Quote?
Want to find out more, speak to an expert or get a Vehicle Sales insurance quote? Call our specialist team on 0800 221 8077 or click Get a Quote below to find out how much you could save.