Running a business is hard work. There are so many things to think about, and it can be tough to know where to start. One thing you don’t want to forget is insurance. There are different types of motor insurance for businesses, depending on what kind of business you run. Here’s a quick overview of the kinds of motor insurance online brokers like one sure insurance offer businesses:
Motor Trader Insurance
Motor trader insurance is essential for anyone who sells, repairs, or deals in cars. It covers businesses for both liability and property damage, as well as the contents of a garage or workshop. It is worth seeking out an insurance agent to get you the best price with this specialist kind of motor insurance.
Some of the many occupations benefitting from Motor Trader Insurance include:
- Car Dealerships
- MOT Centres
- Car Valeters
- Mobile Mechanics
- Caravan and Motorhome Dealerships
Businesses that own or operate car dealerships should have motor trader insurance. This type of insurance provides coverage for vehicles that are being shown, test-driven, or traded. It also covers the property of the dealership and any liability associated with the business.
MOT centres are an important part of motoring because it is a legal requirement in the UK that vehicles over 3 years old should have one. It is about ensuring roadworthiness. So, It’s important that businesses involved in MOTs, and indeed servicing vehicles, can find suitable insurance for their needs. Anyone who looks after a customer’s vehicle for any amount of time needs insurance to protect everyone. Insurance covers mechanics to drive and work on the vehicles of their customers.
If you valet cars for a living, it’s important to have the right motor insurance in place, just as if you were involved in washing just the outsides of cars. There is always the possibility that damage may result however careful you are about doing a job. Also, it might be necessary to move a customer’s vehicle from one spot to another or to return it to their home as all part of the service. It would be very limiting not to have insurance even if you only worked on that car and did not drive it. When driving customer vehicles there is the legal aspect of needing third-party road risks as a minimum. Then you ought to mitigate the risk of having to pay for any damage an employee might cause to a customer’s vehicle where the accident was their fault.
If you run a mobile mechanic business, then you’ll need motor trader insurance. This type of insurance is designed for businesses that use their vehicles for work purposes and are working on others wherever they may be. It covers vehicles for damage, theft, and third-party liabilities.
Caravan and motorhome dealerships might also need specific types of motor insurance. Caravan insurance is designed to protect caravans and their contents while they’re being used or transported. The motorhome insurance, on the other hand, covers motorhomes and their contents – both while they’re in use and when they’re parked up.
Van Insurance
Van insurance is important for businesses that use vans for commercial purposes. This type of insurance protects the van and its contents in the event of an accident or theft. It can also cover the cost of repairs if the van is damaged.
This type of insurance is not necessarily just about insuring a van for the business use it was perhaps intended for but also about insuring what is being carried. This may be deliveries from a shop or parcels, in the case of a courier. Our cargo can often be worth as much as our vehicle, depending on what we are carrying.
Fleet Insurance
Fleet insurance is a type of insurance that is designed for businesses that own multiple vehicles. It provides coverage for all of the vehicles in the fleet and can include both motor vehicles and commercial vehicles. It should work out cheaper to insure our vehicles under one insurance policy than to insure them separately. It is also then easier to keep track of our insurances when we have them in one place.
No matter what kind of business you run, there’s a motor insurance policy that’s right for you. Don’t wait until it’s too late – get fully insured today.
