What covers are included on a Motor Trader Insurance policy?
A Motorcycle Trade Insurance policy (sometimes referred to more widely as a motor trade combined policy) can be designed to reflect your particular needs, ensuring that you have the right, adequate protection in place, without paying for cover you simply don’t need. For example, if you are a motor trader, and have stock of many motorbikes at any given time, it’s likely that you will need a higher level of stock insurance compared to a motorcycle repair shop, which may in turn have high-value diagnostic tools and workshop equipment.
Typically, a Motorcycle Trader Insurance policy will include some cover for:
- Liabilities – notably Public and Employers Liability – which can protect the business in the event of a claim made by a member of staff or the public that they have suffered a loss or injury due to you your business activity.
- Building and contents cover – Protecting you against costs in the event that the business premises themselves are damaged or that your business contents (office furniture, IT equipment) are damaged, lost or stolen.
- Road Risk Insurance – Uniquely important to anyone working in the motor trade industry, road risks cover allows you to drive motorcycles that are in your custody and control – be they your own, stock or belonging to customers – for delivery, test ride and diagnostic purposes.
A whole range of further cover can be incorporated into a motorcycle trader insurance policy. If you have specific needs, simply discuss them with an adviser, who should be able to help you find cover for your particular circumstances at the right price.