Plan Insurance Brokers are Motor Trade Insurance specialists for professional road users.
We can provide insurance for anyone involved with the sale or repair of motor vehicles as a business.
Motor Traders businesses’ can vary greatly in terms of scale and trade activity. For example you might:
- Own or manage a car dealership
- Be a specialist in commercial vehicle sales
- Run an auction house that deals with a range of vehicles
- Manage a repair shop
- Need a motor mechanic insurance policy
A properly considered Motor Trade Insurance policy will recognise the key aspects of your motor trade business that should be protected by the policy you take out.
For instance, the number and location of vehicles that are kept overnight, the value of the specialist diagnostic equipment you keep on your premises and whether you are running the business part time from your home rather than from a commercial building all important factors.
At Plan Insurance Brokers, we can guide you through the process of finding the right Motor Traders Insurance policy at a competitive price and help keep your business motoring.
Call our team now on 0333 003 0042 or click Call Me Now to discuss your insurance requirements further.
What type of Motor Trade Insurance will I need?
- If you buy and sell motor vehicles
If you buy and sell motor vehicles you should consider:
Car Dealers Insurance
This typically provides adequate cover for you if you are simply buying cars and selling them on for profit. The cover can be further tailored to reflect the circumstances of the business.
Whether you are trading from an outdoor forecourt or a bespoke showroom, for example, will affect the level of risk you face from fire, theft or damage.
Part Time Motor Trade Insurance
If you’re not full time in the business or work from home, the likelihood is that the risk profile will be different in the eyes of an insurer.
It’s likely that you carry stock vehicles of a lower individual and total value. Part Time Motor Trade Insurance is designed to ensure that you pay for the cover you need, but no more.
- If you repair or maintain vehicles professionally
Traders Insurance can also provide insurance protection for those who repair or maintain vehicles professionally:
Mechanics that work from home or repair cars by the road side. Whether a sole trader or a nationwide business with a fleet of roadside assistance vehicles, it’s likely that you have a van or another commercial vehicle that you use to carry equipment in order to repair vehicles ‘on the move’ and this needs protecting adequately.
Additionally, if your tools were lost or stolen from your vehicle, it’s likely that your business would be at risk, at least in the short term. Therefore you may wish to take out a Tools Insurance policy.
If you have one or more premise involved with various motor trading activities, whether owned or let, Garage Insurance can be a cost effective way of insuring your stock and tools as well as providing the garage liability insurance covers that you’re likely to need all under a single policy.
- If you work in the motor trade away from your home address
If you’re a company or individual working in the motor trade from a site that’s not your home address, we can arrange a Motor Trade Premises Insurance Policy on a Motor Trade Combined Insurance Quote , to provide cover for a range of risks to keep your mind at ease.
Motor Trade Combined Policy
This can provide insurance cover for a variety of possibilities in regards to our business needs.
Here are a few examples:
Your buildings, stock, machinery, tools, computer equipment, vehicles at premises.
Employer’s liability, public & product liability, service indemnity.
Goods, stocks and vehicles in transit.
Any driver on yours and your customer’s vehicles of high value on the road.
Motor Trade Premises Policy
If you are looking to insure your motor trade premises, we would recommend a Motor Trade Combined policy.
As listed above, there are multiple reasons why this is a suitable option for businesses who need to cover for a range of risks.
You will find it convenient having all your cover on one policy, and can even be the most effective was to insure your business.
- If you’re looking to cover your vehicles whilst they are driven
If you are only looking to cover your vehicles whilst they are being driven, and while they are on site at a premises, we can arrange a Road Risk Insurance policy with a vehicle at trade premises addition.
Call our team now on 0333 003 0042 or click Call Me Now to discuss your insurance requirements further and find a road risk policy to best suit your needs.
What else will a Motor Traders Insurance policy include?
- Motor Trade Employer’s Liability Insurance
The Employers Liability Act 1989 means that you must have at least a minimum level of insurance cover against any claims that you may incur in the event of an employee’s injury or illness as a result of their time whilst working in your employment.
An employee might try to claim compensation from you if they feel you are responsible for any injuries or losses that occur whilst under your employment. This act makes Employers Liability Insurance a compulsory requirement by UK law – even if you employ people on a voluntary or part-time motor trading basis.
Employers Liability Insurance will enable you to meet the cost of compensation in the event of injury or illness, whether they are cause on or off your business premises.
Read more about Employer’s Liability on our FAQ page.
If you would like any assistance with your Motor Traders Insurance needs, or to discuss any questions you may have please give us a call on 0333 003 0042
Alternatively, you can submit a Call Me Now request and an member of our expert team will get back to you shortly.
- Motor Trade Public Liability Insurance
This will provide you with the cover your business needs for possible incidents you may encounter with a client or a member of public in the undertaking of your day-to-day business activities.
With a Motor Trade Public Liability insurance policy, you can cover any awards of damages given to a member of the public or a client due to damage of their property or injury caused by your or your motor trade business.
In addition this covers any associated legal fees, costs and expenses, along with any hospital treatment (including ambulance costs) should the NHS need to claim from you.
Where Employers Liability Insurance is compulsory, Public Liability Insurance is in general voluntary. Some types of businesses – horse riding establishments for example – are required by law to have public liability insurance in place.
Many of your customers and potential customers would like to see proof of adequate insurance before they will permit you to work for them.
Your Public Liability insurance can be arranged as part of a package insurance policy, as an optional addition. We advise that you call Plan Insurance Brokers to speak to a specialist account handler to tailor a Liability policy to your business.
You can read more about Motor Trade Public Liability Insurance on our FAQ pages.
Call us on 0333 003 0043 or click Call Me Now to speak to an expert account handler.
- Product Liability Insurance
This insurance cover would protect your motor trade business should a product cause injury or damage to a client or a member of the public, or their property.
As a business owner you have a responsibility to your clients and although this cover is voluntary, a product liability policy along with public liability insurance could save your business a lot of money in the long term.
For more information and to speak to an expert advisor, call us on 0333 003 0043 or request a call back here.
- Sales & Service Indemnity Insurance
If your motor trade business includes the selling of your expertise – your knowledge or skills, you may want to consider a Sales & Service Indemnity Insurance policy.
This policy would protect you against any compensation sort by a client, for any mistakes you have been found to have made – or if you are found to be negligent.
It would also cover any legal costs that may incur.
If you are taking out a Sales and Service Indemnity Insurance policy for the first time, the insurer will normally exclude any claims that arise from work carried out before the policy begins.
A policy can usually be extended to include past cover. Plan Insurance Brokers can help you do this.
If you have any questions about a Professional Sales and Service Indemnity Insurance for your motor trade business, or if you have any questions, read more on our FAQ page here.
Alternatively, call us on 0333 003 0043 or ask for a call back here.
Why compare Motor Trade Insurance with Plan Insurance Brokers?
- A range of quotes from a range of trusted insurers
We work with an extensive panel of insurer partners, who enable us to arrange highly tailored insurance cover at competitive premiums for our clients. If you’ve traded claims free for one year or more we’ll be able to secure you a significant discount.
You can see the list of our insurer partners, and find their policy documents and wordings by clicking this link. Please feel free to call Plan Insurance Brokers if you have any questions on 0333 003 0042
- *Free £100,000 legal expenses cover
Plan Insurance Brokers motor policies incorporate up to £100,000 in legal expenses cover to fully protect you against uninsured losses. If you are involved in a motor accident, so long as you have a motor insurance policy with us, Plan will organise the recovery of all your out of pocket expenses.
Free legal cover is an exclusive service for clients who have taken out a motor trade insurance policy with Plan Insurance Brokers.
Our legal cover comes as an element of a full accident management service through Plan Insurance Brokers.
Competitors may charge you over a considerable amount for these services. However at Plan our overriding ambition is to keep your business motoring. For that reason our full accident management service is included free when you take out any motor policy with Plan Insurance Brokers.
If you want to find out more about our Legal Cover, please see our Legal Cover page for further details, and see how the benefits of our claims management service could help your motor trade business.
Alternatively, if you would like to speak to one of our highly trained agents over the phone, you can call us on 0333 003 0042, or send us an email with your enquiry email here and we will get back to you presently.
* Your policy will cover the recovery of 100% of any out of pocket expenses that are deemed reasonable. Such as; your policy excess, transportation costs including taxi fares or hire car charges, loss of earnings etc.
- Highly trained team
As Motor Trade Insurance Brokers our customers are our first priority. We prioritise expert advice and specialist knowledge, so that we can tailor a policy for you, and for your specific business needs.
Our highly trained team will keep you informed every step of the way – from when you take out the policy, to renewal and even managing your claim should anything happen.
You can speak with our advisors over the phone by calling 0333 003 0042, or via email here and we will get back to you presently.
- Motor Trade Insurance Brokers of 25 years
Established back in 1989 by Peter Georgiades and his eldest son Scott, the family run insurance business has grown from strength to strength.
Over the following decades, Peter’s two other sons joined the family business, each one bringing valuable experience, enthusiasm and new ideas to move the business forward. The business was given a new name – Plan Insurance, with the addition of a further product line Trade Plan Insurance into the specialism of commercial motor insurance.
Since then, Plan Insurance grew, with numerous successful product lines in the commercial motor insurance market. With significant financial investment in the business to build bespoke in-house computer systems and their innovate use of technology, Plan Insurance developed further.
In 2015 the company underwent a brand re-fresh, where the multiple product line sub-brands were bought together under the principle brand name, Plan Insurance Brokers.
With this came a reworked logo and a modernised website, but with the same specialist, expert service and personal touch that come from a family run business.
- Our ethos to keep your business motoring
The brand refresh is more than a superficial make-over. It includes our renewed commitment to you and focuses the businesses’ efforts to best meet your needs. When things go wrong on the road it pays to have a plan.
Keeping your business motoring summarises our entire approach to the products and the service that we provide to our clients. We know how vital your vehicles are for your business – and that without them you cannot earn.
We also understand that every business is different, so we get to know the business you run to tailor the insurance cover to your specific needs. This way you get the insurance you need without paying for any cover that you don’t.
Our approach turns risk into peace of mind.
Plan Insurance Brokers – Keeping your business motoring.
Discover more about Plan Insurance Brokers here, or if you’d like to speak to an expert about your insurance requirements or questions, call 0333 003 0042