Motor Trade
Product Profiles
Asset protection
Protect your buildings and the contents of your premises from the insurable risks facing motor traders today. Choose from our extensive and flexible cover options to ensure you get the right level of protection for your business.
We offer All Risks cover for your buildings, machinery, computers, vehicles and stock. This insures you against accidental loss or damage due a wide range of causes, including fire, storm, flood, malicious damage and theft.
With All Risks cover you will also get the following additional covers:
- Engineering breakdown cover included as standard
- Tobacco, audio and video goods, tyres, clothing and car telephones held for sale up to £5,000
- Stock in transit up to £5,000
- Employees' portable hand tools up to £1,000 per person
- Employees personal belongings, including bicycles, up to £500 per person
- Breakdown of refrigeration units for frozen food
You can also extend cover to include:
- Subsidence, ground heave and landslip
- Terrorism
- Glass, if you have chosen not to take out buildings cover (which automatically includes glass cover)
Damage to Equipment
We offer cover for accidental loss, destruction or damage to computers insured under this section.
With Computers cover you will also get the following additional covers;
- Additional equipment obtained throughout the year up until renewal up to £250,000 or 20% of the sum insured
- The cost of removing equipment which has suffered damage up to £25,000
- The cost of any modifications or conversion of software or programs to replacement equipment following loss up to £25,000
- The cost of reinstating data software or programs arising from erasure, distortion or corruption
- Damage to equipment while temporarily removed for maintenance and repair anywhere in the UK and whilst in transit.
Increased Cost of Working
Covers you for additional expenses incurred to enable you to continue trading following loss or damage to your computers.
Cover included:
- The cost of hiring similar equipment replacing damaged hired equipment for up to two years following the damage
- Failure of telecommunications equipment linked to the insured equipment up to £50,000
Reinstatement of Data
Covers you for the cost of replacing data and data carrying materials and disks following damage. It also covers you for the conversion of existing data into a usable format should replacement equipment prove incompatible up to £25,000
Optional extension
- Breakdown cover for equipment not subject to a maintenance agreement
You can be covered for loss of money that belongs to your business, including money lost on your business premises or at employees' homes. You can also get cover for the risk of bodily injury in the event of you or your employees being attacked while carrying your business' money.
Cover is available if you purchase a vehicle from someone who is not the true owner, and the true owner subsequently makes a claim upon you for the return of the vehicle or its cash value. Conversely, if you sell such a vehicle and the purchaser finds that they do not have a valid title to the vehicle, they may claim against you as the motor trader for its value.
We offer a choice of cover for vehicles driven in connection with your business or by you, your spouse and employees. Extensions are available for driving by relatives and friends or named drivers, loan or hire of vehicles, unaccompanied demonstration, private hire and windscreen cover.
- Loss or damage to the vehicle
- New replacement vehicle following damage to an extent greater than 50% of its list price within 12 months of first registration
- Replacement locks and keys cover for vehicles limit £50,000 per period of insurance
- Liability for death or bodily injury and damage to property
- Contingent liability - for example, an insured vehicle in the custody of any of your subcontractors
- Unauthorised use of vehicles
- Obstructing vehicles moved by you or on your behalf
- European Union compulsory insurance
- Motor Legal Protection. We will provide cover for legal costs and expenses up to £100.000 for you, your passengers or an authorised driver, to pursue any personal injury damages or insured losses following a motor accident. We also provide up to £10,000 in legal costs for any authorised driver to defend a motoring prosecution.
Exclusions
Motor Trade insurance is subject to certain exclusions, a summary of which can be found in the Motor Trade prospectus.
