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 Insurance 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. Garage Insurance 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. Click here to see more about Motor Trade Combined Insurance 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 can a Motor Trader 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 will 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.
- Spouse cover on a motor trade insurance policy
We’re often asked can I add my wife/partner onto my motor trade policy? Most Motor Trade Insurers will allow you to add a spouse or partner to your Motor Traders Insurance Policy and with some insurers you may also be able to exclude them to drive for Motor Trade use which may result in a reduced premium. However vehicles owned and registered to additional drivers will often be excluded from cover on a motor trade insurance policy. So if this is the case with your spouse or partners vehicle it is well worth checking this point with your sales agent.
If you have further questions regarding a motor trade traders insurance quote or would like to compare motor trade insurance policies then contact our team of experts on 0333 003 0042 now or request a Call Back. With over 25 years of experience and an excellent relationship with our insurers, we are dedicated to keeping your business motoring.
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. When have motor trade insurance with Plan we will organise the recovery of 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 will help your motor trade business. Speak to one of our highly trained agents over the phone, call us on 0333 003 0042, or send us an email with your enquiry email here. * 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.
- 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 Brokers, 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. Find out more about Plan Insurance Brokers here.
- 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
Part Time Motor Traders Insurance Explained
- Am I trading enough to need a Part Time Motor Trader Insurance policy?
It’s a common question asked by people who sell cars in their spare time or spend weekends working on other people’s vehicles. If you have people coming to your property to discuss cars with you, if you have someone that comes in to help you repair or sell the cars and if you drive other people’s cars, then the answer to,”Do I need part time motor trade insurance” is yes.
The easiest way to determine if you qualify for this type of insurance policy is to contact an expert at Plan Insurance. One of the first things they will is ask if whether or not you do the motor trade work for money. If you get paid for your work then you need the right level of cover. Those who work on family and friends vehicles without payment or help a family member sell their vehicle will not qualify for motor trade insurance.
Plan Insurance Brokers will find the best policy to suit the needs of your small business’s needs. You will need to keep your paperwork up to date. You should keep all invoices, copies of receipts you issue to customers and proof of payment of bills you’ve encountered whilst working in the motor trade. This is important as your motor trade insurer may require evidence of trading.
You also need to prove that you have employment elsewhere when you are paid through the PAYE system; this will show that your motor trade business is only part time, maybe a way to make extra money. Insurers check these facts to make sure you’re eligible for a motor trade policy and not someone looking for a cheap way of gaining insurance that covers them to drive any vehicle. One advantages of part time motor trade insurance cover is that you can add your own personal vehicles to the policy and add your spouse as an additional driver; meaning you can cancel your private auto insurance. Having part time motor trade insurance will protect your business and could save you money in the long run.
- Who needs Part Time Motor Trade insurance?
Whether you have an ebay business buying and selling vehicles as a hobby, or offer a repair service from your home garage, Part Time Car Traders insurance is essential to anyone who handles vehicles for protection in the event that they get damaged or stolen. Claims can be costly, reputation damaging and time consuming – however, with a Part Time Motor Trade Insurance Policy arranged by Plan Insurance Brokers, you will be safe in the knowledge that you are safe guarded.
Call Plan Insurance now on 0333 003 0042 for a range of fully comprehensive Part Time Motor Trade Insurance quotes, or request a call back here and a member of our team will return your call shortly.
- What Part Time Motor Trade Insurance covers may be required?
At Plan Insurance Brokers, we can provide extensive cover for the type of risks that you might face whilst working part time in the motor trade . We understand that every company has a varying set of requirements for their insurance. Therefore we offer a wide range of supplementary products that can be arranged to provide cover for:
Employers Liability Insurance This is a requirement by UK law, even if you employ people on a part time or voluntary basis. There are exceptions where close family members are your only employees, however you should seek the advice of one of our team if you are unsure.
Public Liability Insurance In the event that a client or member of the public has an accident when at your place of work.
Damages to 3rd party property To provide cover if you damage a customers car when in your possession. This could be accidental damage, damage caused by fire or flood of even theft.
Defective Workmanship If a 3rd party was to file a claim against you as a direct result of any advice, or work you have done for them in a professional capacity.
Tools Cover It is important not to underestimate the value of your tools. These could be the backbone of your business. If they were to be stolen or damaged, could your business afford to replace them all in one go to carry on business?
Stock of Vehicle Cover If you leave your own stock or customers vehicles at a separate premises from your home, you will need cover for these.Specialist Schemes are also available for:
Protected no claims bonus – from 1 year upwards.
Demonstration Cover – important if you intend to you sit next to a customer whilst they test drive your vehicle.
Carriage of vehicles – vital if you are involved in delivering or recovering vehicles.
Engineering inspection – crucial if you have plant and machinery equipment over a certain age. Contact Plan Insurance now on 0333 003 0042 for your personalised range of Part Time Motor Trade Insurance quotes or contact us via the website and a member of our team will get back to you shortly.
- Why compare Part Time Motor Trade insurance quotes with Plan Insurance Brokers?
At Plan Insurance Brokers we offer highly competitive part time motor trade insurance premiums from a number of leading insurers. We can offer cover to proposers with poor accident and convictions records. Discounts are also available to proposers who are able to supply evidence of private car bonus or a company letter proving that cover has been provided by another motor trade policy for at least a year.
We know how important your business is to you and aim to understand it as well as you do. As a part time motor trader, it’s likely that your reputation locally is key to your success. Having the right insurance in place means that you have protection on your side that will help you manage a situation professionally and without fuss, whilst also limiting the potential damage to your reputation. We can help you identify exactly what insurance requirements you have and create a part time motor trade insurance policy tailored to your company.
You will be safe in the knowledge that you have taken professional advice and bought a motor trade policy that accurately reflects your needs. As well as working closely with our customers, we work closely with our insurers to get the best rates, enabling us to pass these savings on to you. Contact Plan Insurance Brokers now for your bespoke range of Part Time Car Trader Insurance quotes on 0333 003 0042 or arrange a Call Back.