MOTOR TRADE COMBINED POLICY COVERS

At Brunsdon Westinsure we can provide you with a Motor Trade Combined policy tailored to you individual requirements. The covers available include:

DESCRIPTION OF POLICY SECTIONS

This section is designed to give you an introduction to the covers provided by motor trade insurance policies and is not intended to be representative of the terms/conditions offered by any particular insurer. Please contact Brunsdon Westinsure Ltd before deciding which covers you require.

Employers Liability
By Law, all Employers must insure against their legal liability for injury, disease or death to employees arising from their employment.

Employees will normally include, in addition to those under a contract of employment, apprentices and other trainees and those hired from another company. The only exception to this rule is where your employees are close relatives. If you think that this exception may apply to you then you will need to contact an Employment Law solicitor for confirmation.

You are legally required to insure for at least £5million but in practice most policies offer £10million cover. The Law also requires that you display a Certificate of Employers Liability Insurance at each place of work. Failure to meet this requirement could constitute a criminal offence.

Public & Products Liability
Public Liability Insurance covers your legal liability to pay damages to companies or members of the public who hold you responsible for injury to them or damage to their property as a result of your negligence. It also covers legal fees, costs and expenses such as representation at any inquest or court hearing.

The limit of indemnity under the public liability section is the maximum amount the insurance company will pay in the event of a claim being made. These limits are usually £1million, £2million or £5million. However, we are able to provide cover for business who require a higher Public Liability limit of indemnity.

Products Liability Insurance covers your legal liable for damage or injury arising out of the sale or supply of goods. The limit of indemnity for Products Liability is usually the same as the Public Liability limit of indemnity and Products Liability is usually automatically included for most trades when you buy Public Liability cover.

Material Damage
This section of the policy can provide full "All Risks" cover for your business assets. Examples of business assets which can be included under the material damage section of the policy are as follows:

  • Buildings and/or Tenants Improvements
  • Stock in Trade
  • Business Contents & Equipment
  • Machinery & Plant
  • Portable Hand Tools
  • Own Vehicles
  • Customers Vehicles
  • Stock in Transit

Business Interruption
This section of the policy helps to keep you in business if you unable to trade following an insured incident.

Money
Cover can include loss of money from your premises, money in transit, money in a bank night safe and in the home of specified partners, directors & employees up to the limits specified in the policy.

Wrongful Conversion
This section provides cover if you purchase a vehicle from somebody who is not the legal owner and the true legal owner subsequently makes a claim against you for the return of the vehicle or its value. We can only provide this cover if you subscribe to and use HP Information Ltd.

Engineering Inspection
If you operate plant & machinery then these items will need to be inspected in accordance with the latest government legislation. Below is an example of the types of items which are commonly found in motor trade garages which require inspection.

  • Air Pressure Plant (E.G Air Receiver)
  • Vehicle Lifting Tables
  • Pressure Washers/Steam Cleaners
  • Cranes (E.G Engine Cranes)
  • Fork Lift Trucks
  • Local Exhaust Ventilation Plant (E.G Fume Extraction)
  • Jacks & Axle Stands
  • Electrical Installations (E.G Fixed Wiring)

Road Risks Cover
The Road Risks section provides cover for your own and customers vehicles whilst they are being driven. The covers available under this section are as follows:

  • Comprehensive
  • Third Party Fire & Theft
  • Third Party Only

We can offer a wide range of driving options to meet your individual needs.

Professional Indemnity
Motor Traders who sell or provide advice on insurance products such as GAP or Warranty covers are required by the Financial Services Authority to have Professional Indemnity cover.

Commercial Legal Protection
We can either include this cover as part of the motor trade policy or as a stand alone policy. This type of policy is designed to cover the financial burden of taking legal action when things go wrong. This type of policy can include the following covers:

  • Employment Disputes
  • Legal Defense
  • Data Protection
  • Contract Disputes
  • Tax, PAYE & VAT Protection
  • Property
  • Licence Protection
  • Bodily Injury
  • Attendance Expenses

Terrorism
Alot of policies automatically exclude cover for claims arising out of Acts of Terrorism. We are able to include this cover for an additional premium if required.

To discuss your Motor Trade Insurance requirements and to obtain a competitive quotation please contact us on 01793 536851 or e-mail us at enquiries@brunsdonwestinsure.com and we will arrange to contact you at a convenient time.