JMG MOTOR TRADE
Motor Trade Insurance
Tailored cover to help protect your motor trade business on and off the road.
JMG Motor Trade provides specialist insurance solutions for businesses and individuals working in the motor industry. Whether you buy and sell vehicles, repair cars, operate a workshop, work as a mobile mechanic or run a vehicle recovery business, we can help you arrange cover suited to your trade.
Motor trade insurance is designed to protect your business against the specific risks that come with handling, driving, repairing, storing or selling vehicles.
What Is Motor Trade Insurance?
Motor trade insurance is a specialist type of business insurance for people who work with vehicles as part of their trade.
It is commonly used by businesses that buy, sell, service, repair, valet, recover or transport vehicles. Depending on the policy, cover can protect you while driving vehicles for trade purposes, storing vehicles at your premises, working on customer vehicles or running your wider business operations.
There are two main types of motor trade insurance: road risk insurance and motor trade combined insurance.
Road Risk Insurance
Road risk insurance is often the starting point for motor traders. It is designed to allow you to drive vehicles connected to your business, such as customer vehicles, stock vehicles or vehicles being collected, delivered or test driven as part of your trade.
This type of cover can be suitable for traders who operate from home, work on a mobile basis, trade part-time or do not need full premises insurance. Depending on your business and the insurer, road risk policies may be arranged on a third-party, third-party fire and theft, or comprehensive basis.
A road risk policy can also include additional options such as named drivers, demonstration cover, trade plate use, MID update support and social, domestic and pleasure use where agreed by the insurer.
To qualify for road risk insurance, you will usually need to provide evidence that you are actively operating as a genuine motor trader.
Motor Trade Combined Insurance
Motor trade combined insurance is designed for motor trade businesses that need broader protection than road risk cover alone. It is often suitable for garages, dealerships, workshops, MOT centres, bodyshops and other premises-based motor businesses.
A combined policy can bring several areas of cover together under one tailored insurance package. This may include protection for road risk, vehicles kept at your premises, public liability, employers’ liability, tools, stock, buildings, contents and business interruption.
This type of policy is useful for businesses with premises, employees, equipment or customer vehicles on site, as it helps protect both the driving side of the trade and the wider day-to-day operation of the business.
JMG Motor Trade can help you review the way your business works and explore whether road risk cover alone is enough, or whether a combined motor trade policy would offer more suitable protection.
Types of Motor Trade Cover We Can Help With
Road Risk Insurance
Road risk insurance helps motor traders drive vehicles legally in connection with their business.
If you buy, sell, repair, collect, deliver or test drive vehicles, road risk cover may be essential. It can help protect you when driving customer vehicles, stock vehicles or vehicles being used as part of your trade.
Vehicles at Premises Insurance
Vehicles at premises cover protects vehicles stored at your business location. This may include customer vehicles, stock vehicles, vehicles awaiting repair or vehicles being kept on site overnight.
Cover can help protect against risks such as theft, fire, accidental damage and other insured events, depending on the policy selected.
Motor Trade Premises Insurance
If you operate from a garage, workshop, dealership, forecourt or commercial unit, premises insurance can help protect your business location and the assets within it.
This may include cover for buildings, contents, machinery, tools, stock and business equipment.
Demonstration Cover
If customers test drive vehicles before buying them, demonstration cover can help ensure they are insured while doing so, subject to the terms of the policy.
This is particularly useful for vehicle sales businesses, dealerships and traders who regularly allow potential buyers to drive stock vehicles.
Tools, Equipment and Stock Cover
Motor trade businesses often rely on specialist tools, machinery, parts and stock. Cover can be arranged to help protect these items against insured risks such as theft, fire or accidental damage.
This can be especially important for garages, repairers, mobile mechanics, bodyshops and workshops.
Business Interruption Insurance
If your business is forced to stop trading due to an insured event, business interruption cover can help protect lost income and ongoing expenses while you recover.
This can be a valuable addition for businesses that rely on premises, equipment, vehicles or staff to operate.
Who Needs Motor Trade Insurance?
You may need motor trade insurance if you earn money from buying, selling, repairing, recovering, transporting, valeting or working on vehicles in any commercial capacity.
This applies whether you operate full-time or part-time, trade from home, work on a mobile basis or run your business from dedicated premises. A motor trade policy can be suitable for a wide range of businesses, including vehicle sales, garages, workshops, mobile mechanics, recovery operators, valeting businesses and dealerships.
If vehicles are being driven on the road as part of your trade, they must be insured correctly. Motor trade insurance helps make sure your business has appropriate protection in place for trade-related vehicle use, while also giving you the option to add wider cover depending on how your business operates.
