Car Trading Insurance
Car trading insurance is really important; from a ‘one-man-band’ used car salesman trading from a home address, through to an extensive swanky showroom, if you buy and sell vehicles for a living, you need to ensure that you have adequate insurance cover in place. Get a Car Traders Insurance quote now!
What is Car Trading Insurance?
Car traders insurance, also known as car sales insurance or auto trader insurance, is designed to protect auto dealers when they sell new or second-hand vehicles. Car trading insurance is a type of car traders insurance policy that includes special provisions for vehicle stock, tools and equipment, machinery, dealer premises and other risk factors likely to influence car traders.
Car dealers can easily get caught out by a lack of insurance or significant gaps in coverage. While typical motor trade policies provide a number of coverage options, motor dealers require an extra level of protection that has been tailored to their business model. For example, they need protect their vehicle stock from loss or damage, and their customers and employees from liability.
Also, allowing customers to test-drive vehicles is a crucial part of day-to-day operations for an auto trader, so demonstration coverage is also needed. Depending on the business in question, it may also make sense to take out vehicle in transit cover, loss of income insurance, plus other measures that protect you and your customers. To ensure protection, it’s important to speak with an expert car sales insurance broker who can arrange a dedicated car traders insurance policy for you.
Who needs Car Trading Insurance?
Auto trader insurance is recommended for any commercial business that is involved in the sale of vehicles, whether you’re selling a few cars on a part-time basis or operating a fully-fledged dealership with hundreds of vehicles. Car trading insurance needs to be flexible, affordable, and able to protect you against all possible contingencies. We can also offer great rates for Car Dealer at Home Insurance.
Typical Car Traders Insurance coverage options include business premises insurance, vehicle stock protection, road risk cover, tools and equipment insurance, public liability, employers’ liability, loss of income insurance, accompanied demonstration insurance and much more.
Benefits of Car Trading Insurance
Insurance is a crucial part of running a successful business, and whilst you can always take out individual insurance contracts, this way of working can be expensive, complex, and highly risky. Dedicated car sales insurance combines a range of protections under a single umbrella, which makes it easier for you to get insured than ever before. Here at 1st Choice Insurance, we provide a range of car traders insurance policy options to meet the demands of dealerships across the UK.
How does Car Trading Insurance work?
At 1st Choice Insurance, we understand that every business is different and so are its needs. That’s why we always work to provide bespoke Car Sales Insurance policies to cover each business. Auto trader insurance works by covering the things that matter. These are:
- Garage stock: This could be loss or damage to vehicles on display
- Road Risks: This covers the use of vehicles on the road for motor trade purposes such as test drives
- Goods in Transit: Covers any stock that may be in transit such as tools
- Contents Insurance: Covers contents of buildings from furnishings to cash on premises
- Public Liability Insurance: Covers possible accidents from the public on your premises
- Employers Liability Insurance: Required by law from all employers