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Motor Trade Insurance

I’m Interested in Taking out Motor Trade Insurance: What Information Do I Need to Proceed?

Taking out Insurance on any car requires a few details that we will need from you to get things started. This information is easy and will only take a few moments of your time. Once we get the details we need, you are on your way to cheap car insurance! The information is simple to understand and access and is listed below. Your information will determine the price you receive for your quote. Get started on your Motor Trade Insurance savings and get covered today.

What we need from you:

  • Details about the Vehicles – Information related to the Cars you will be driving include; make and model, year of registration, annual mileage as well as estimated value of the cars you want to insure.
  • Drivers that will be using the Vehicle – How many people will be driving the vehicle? We will require the names and driving license numbers of any individuals that intent to use the vehicle.
  • Business Details – We will require information about the nature of your business and all relevant details.
  • No Claims Discount (NCD) – Help us get you the best quote by giving us details on your No Claims and you will be discounted on the price you receive.
  • Driving License History – We require your driver’s license details and a few other things to get you on your way to cheap vehicle insurance.

Is Insurerr the Best Place to get my Motor Trade Insurance?

If you are curious about Motor Trade Insurance, making sure you know everything there is to about it is a wise decision. We at Insurerr know that you don’t want to be parting with your hard earned money for an insurance that you know nothing about. Motor Trade Insurance is cover aimed towards keeping businesses and individuals working in the road industry protected. You will need Motor Trade Insurance if your company has customers’ vehicles under its control, care or custody. The phrase ‘care, custody and control’ occurs repeatedly in the motor trade insurance world. It typically refers to when a customer has left their vehicle with a business, meaning that the vehicle is no longer protected by the owner’s insurance. It’s at that point that motor trade insurance becomes valid offering protection to both the business and the customer.

A motor trade business is likely to value the flexibility of such a policy, which could potentially cover all its employees, and all the vehicles they have to use in the course of their work. Motor Trade insurance would also be required for an individual that deals with other people’s cars, in a business capacity. An example of a business that would require motor trade insurance would be a car valet business or a garage. The insurance is usually taken out by the business however it can be taken out by the individual that would be driving the car.

Which Types of Businesses Need Motor Trade Insurance?

The types of companies that are likely to need Motor Trade Insurance is varied and can cover a range of industries. The business itself can take out the insurance for its employees or the individual can look to take out cover if they were self-employed or wanted to protect themselves. We have compiled a list of businesses that typically enquire about motor trade insurance, however the types of businesses are not exclusive to our list. Have a look and see if motor trade cover is something that your business would be interested in. The types of business include;

  • Vehicle Repair Businesses
  • Vehicle Sales Businesses
  • Garages Offering MOTs and Servicing and Test-drives
  • Breakdown and Recovery Firms
  • Vehicle Delivery Firms
  • Scrap Yards Businesses
  • Specialist Vehicle Collectors and Restorers
  • Firms Selling or Fitting Vehicle Parts and Accessories
  • Vehicle Repossession Businesses
  • Car Valet Companies


Motor trade insurance with competitive prices.

What Does Motor Trade Insurance Cover?

With all forms of insurance, the cover varies depending on the policy that is taken out. What your policy covers may be different from another policy, but there are a few things that are relatively consistent on most policies. The types of cover include;

  • Parts Only – Third Party cover is the most basic level of cover that you are legally required to take out on any vehicle on the roads in the U.K. Depending on the nature of your business, you may also have the option of ‘parts only’ cover. This cover on its own will not be enough for you to take a vehicle on the road.
  • Road Risks Cover – The next level of cover is road risks cover which protects you if you want to drive your own vehicles plus those that you do not own but need to use for your business. This is a popular type of policy as it covers the driver at home as well as at work.
  • Traders Combined – A traders combined policy is the final level of cover which you can take out for motor trade insurance. This type of cover involves combining road risk cover with additional cover such as breakdown. A list of additional covers is listed below.

Which Types of Additional Cover Can Be Purchased with Motor Trade Insurance?

There are several add-ons which can be included with your motor trade insurance cover. These are varied and dependent on the type of policy that you opt for. By taking out a higher level of cover, your premium may rise to cover the cost of the extra protection. Ask your Insurance provider about the costs involved in adding additional cover to your existing policy to make sure you how much you are paying. What you need in terms in add-ons will depend on the nature of the business as some businesses will require a higher level of protection in comparison to others. Some of the add-ons which you may find on your policy include;

  • Public Liability Insurance
  • Premises Cover
  • Breakdown Insurance
  • Cover for Driving in Europe
  • Personal Accident and Sickness Insurance
  • Insurance for Haulage
  • Business Interruption Insurance
  • Business Stock Cover
  • Trailer Cover
  • Legal Insurance
  • Goods in Transit Cover

How Can I get Cheaper Motor Trade Insurance?

We know that you want the cheapest insurance possible and don’t want to be paying over the odds for your cover. That’s why we are able to give you advice on what type of cover you need as well as how to reduce the costs. Have a look and find out if you could save even more on your motor trade insurance.

  • Only pay for the cover elements you need and check that any add-ons are required.
  • Try to limit the number of your own vehicles that are placed on the policy.
  • Consider a higher voluntary excess to reduce the cost of your premium.
  • Think about security measures, including safe overnight storage, whether you could increase security measures.
  • Have policies in place for the risk assessment and risk management of your drivers.
  • Employ experienced drivers with clean records and good No Claims Bonus.