Motor Trade Insurance

Standard Cover

Please refer to policy document for terms and conditions.
For examples of exclusions and limitations please click here.

The following is covered as standard within our motor trade policy:

  • Material Damage
    Our policy covers your buildings, machinery, plant, trade contents, stock and vehicles for loss or damage on an all risks basis. This includes cover for incidents such as fire, explosion, storm damage, malicious damage and theft involving forcible and violent entry or exit from the premises.
  • Public & Products Liability
    Provides cover of up to £2,000,000 for sums you become legally liable to pay in respect of accidental injury to any person or accidental loss or damage to their material property happening in the course of your business or caused by the nature or condition of anything sold or supplied by your business.
  • Motor Vehicle Road Risks
    There are four types of cover available - 
    • Third Party Only (TPO): If you are involved in an accident, you are covered for damage you cause to other peoples vehicles or property or for injuries they sustain.
    • Third Party Fire and Theft (TPFT): In addition to the cover provided by TPO, you are also covered for loss or damage to the insured vehicle caused by fire, explosion or theft.
    • Partial Comprehensive: In addition to the cover provided by TPO & TPFT, you are also covered for parts and sundries following any damage to the insured vehicle sustained in an accident or for any damage caused by vandalism. You will provide or pay for the labour in return for a premium discount against the full Comprehensive premium. Full Comprehensive cover applies to customer's vehicles.
    • Comprehensive: In addition to the cover provided by TPO & TPFT, you are also covered for any damage to the insured vehicle sustained in an accident or for any damage caused by vandalism. 

Standard Policy Benefits:

The following extensions form part of the standard policy cover:

Extensions of CoverStandard Cover Limit:
Loss Of Money
  • In transit or bank night safe
 £1,500 any one loss
  • On premises during business hours
 £1,500 any one loss
  • On premises out of business hours
 £500 any one loss
  • In a specified safe out of business hours
 £1,500 any one loss
  • In the Insured's personal custody
 £500 any one loss
  • Non negotiable money (e.g. crossed cheques and credit card counterfoils)
 £250,000 any one loss
Personal accident - Assault
Assault or violence resulting in bodily injury to any partner, director or employee, aged between 16 and 70 years caused solely or directly as a result of an occurrence of theft or attempted theft whilst conducting your business.
Compensation payable:
  • Death, Loss of Sight and/or Limb(s)
 £10,000
  • Permanent Total Disablement
 £10,000
  • Temporary Total Disablement
 £100 per week up to 104 weeks
  • Temporary Partial Disablement
 £50 per week up to 104 weeks
Replacement Locks
Replacement of locks necessary to maintain the security of the premises, vehicles, safes or strong rooms following theft of keys, key cards or remote controls by force and violence. £10,000 any one loss
£50,000 in any one policy period
Seasonal Increase
The vehicle sum insured is increased by 30% during the months of February, March, August and September.
Contents In Vehicles
Loss or damage to contents of customers. vehicles and personal property in any other vehicle. £5,000 any one loss
Metered Water
Loss of metered water directly resulting from accidental loss or destruction of or damage to the property insured. £10,000 any one loss
Property In Transit
Loss or damage to your stock and all other property whilst in transit by road, rail, sea, inland waterways or air transport anywhere within Great Britain, Northern Ireland, the Channel Islands or the Isle of Man. £1,500 any one loss

Motor Vehicle Road Risks Extensions
Public Liability
Provides cover for sums you become legally liable to pay for:
  • accidental injury to any person
 £Unlimited any one loss
  • accidental loss or damage to the material property belonging to any person
 £10,000,000 any one loss
  • arising from the use of, goods falling from, or the loading/unloading of an insured vehicle.
Emergency Treatment
We will pay for emergency treatment as required by the Road Traffic Acts arising out of the use of the insured vehicle.
Foreign Travel
European Union wide certificate wording which includes all EU Countries. Cover is the minimum indemnity required to comply with the laws relating to compulsory insurance of motor vehicles in any country which is a member of the European Union.
Uninsured Loss Recovery and Injury
We will pay the policyholder's costs of taking legal action as a result of any road accident which causes death or bodily injury to the policyholder or damage to their vehicle or property. £100,000 any one event

Material Damage and Motor Vehicle Road Risks Extension
New For Old Vehicles
In respect of any vehicles owned and registered by you or any private car or motorcycle owned and registered in the name of your customer since new and within the first 12 months of registration which is in your custody or control, we will replace such vehicle with a new one of the same make and model.

 

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