The complete motor trade insurance solution
If you work in the motor trade industry then you will require an additional insurance policy which more than standard vehicle insurance. A traders policy protects firms such as car dealerships, MOT test centres and other motor vehicle businesses.
By combining all the policy options that you require, you can tailor a motor trade insurance policy to your specific needs and requirements. It is beneficial to use an insurance broker to find the most suitable policy for you.
For a motor trade insurance quote, submit your details by completing our online motor trade quote form.
All you need to know about Motor Trade insurance
What Is Motor Trade Insurance?
It is a legal requirement for any motor vehicle to have adequate motor insurance if it is to be used or left on a public highway.
Motor trade insurance typically covers the specified person or persons to drive any motor vehicle for motor trade purposes.
Why Staveley Head Ltd t/a The Trade Broker?
Having been established for over 15 years we have experience second to none in various fields of insurance.
Our commercial team are responsible for providing competitive motor trade insurance premiums to the whole of the United Kingdom.
We only deal with reputable insurance companies so our policyholders are safe in the knowledge that their policy and any future claims will be dealt with promptly and efficiently. Examples of insurers we deal with include QBE, Liverpool Victoria, Brit, Aviva and Allianz.
Technology provides a huge part in our success. Our online motor trade insurance quote systems have the ability to quote and issue full policy documentation.
Staveley Head compare motor trade insurance quotes from a number of providers to ensure that the premium delivered is the most competitive and suitable for your needs. You can therefore rest assured that we provide competitive motor trade insurance policies.
Our dedicated commercial insurance team are all based within our UK office and are able to tailor any policy to your individual requirements.
Is UK Motor Trade Insurance right for me?
If you deal in the motor trade industry and a UK resident then this is correct. Like the many other motor insurance policies a foreign use extension can be provided to drive in member states of the European Union. Your insurance policy usually carries this extension however a green card can also be provided if required.
If I compare motor trade insurance online will the benefits of cover be reduced?
Motor trade insurance is not usually quoted online as many policyholders require a tailor made policy. Many articles have been written by various media publications highlighting that reduced policy benefits and much larger insurance excesses often apply on many online motor trade insurance quotes. Our traders insurance quote system is transparent and clearly shows the excess and total premium to pay. A Key Fact Document is also shown and shows the benefits of the actual policy. We endeavour to provide a quality motor trade insurance product at a very competitive premium. Our online motor trade insurance website www.staveleyhead.co.uk/motortrade/
I want to speak to someone about a competitive Motor Trade Insurance quote.
We encourage policyholders to phone our offices. We find it better to speak and discuss your individual requirements before offering a competitive motor trade insurance quote. Our highly experienced and knowledgeable staff will save you money. We can be contacted on freephone 0800 023 7185.
What driving restrictions can I get on my trade insurance policy?
All motor insurance criteria are alike. Driving restrictions for the uk motor insurance tend to be:
- Insured Only
- Insured and specified drivers
- Any Driver. However these are often restricted to either over 25 years of age or over 30 years of age and under 65 years of age holding a full UK driving licence a minimum of 2 years
We often tailor make a motor trade insurance policy to the individual needs of our customer. We welcome calls, or get an online traders insurance policy from our website.
What type of vehicles can I drive on my Motor Trade insurance policy?
Typically most cars and vans up to 3.5 tonnes Gross Vehicle Weight. There are some types of vehicle that can be either excluded or have additional policy terms applied. These include some sports, high performance and exotic cars and commercial vehicles over 7.5t Gross Vehicle Weight.
Can I cover my own private car on my motor traders insurance policy?
In one word, yes. It is a requirement that you disclose all vehicles in your possession whether for sale or owned for personal use.
I want to cover my breakdown truck
No problem. We deal with several insurers and can add this to your motor trade insurance policy or even give you a standalone recovery truck insurance policy. If you want an individual breakdown truck insurance quote then visit our website at www.staveleyhead.co.uk/hgv/
I’m a part time motor trader. Can I use this policy in conjunction with my full time job?
Many of our policyholders hold part time motor trade insurance policies. Additional business use for certain occupations (including building and allied trades) can be added. There is often an additional cost for this.
I don’t have any motor trade no claims discount as this is a new venture. Can I get a discount as I’m claim free?
This is quite common. Due to our economies of scale we have been able to secure many introductory no claims discounts for our policyholders. For example:
- Mirror No Claims Discount – if you can provide evidence that own another vehicle and insure it then we can often mirror the No Claims Discount entitlement across to your motor trade insurance policy. This need not be just from a private car insurance policy and can include a commercial vehicle insurance policy such as a van insurance, courier insurance or HGV insurance.
- Motor Trade experience – if you have previously been employed in the motor trade and were named on an appropriate insurance policy we are able to give you up to 5 years introductory discount.
- Spouse No Claims Discount – if you have previously only had one vehicle in the household and the policyholder is your partner we are able to allow huge introductory discounts of up to 5 years for a new motor trade insurance policy.
What cover can I get for my motor trader insurance?
Motor insurance within the UK follows the same suit:
- Comprehensive Insurance
- Third Party Fire and Theft Insurance
- Third Party Only Insurance
Am I restricted to a certain value of vehicle when I get my online traders insurance quote?
You are requested to state the maximum value of indemnity required when obtaining your UK motor trade insurance quote. Often these increase in increments of £5,000. The more indemnity required the higher the quoted traders insurance premium will be.
Is there an excess when I claim on my UK motor trade insurance policy?
As with most UK motor insurance there is a policy excess in the event of a claim. The excesses are clearly displayed on online motor trade insurance quote and will also be told to you by our staff if you obtain your traders quote by telephone.
There is an option to reduce or delete your excess when you first start your policy and details will be provided when you get your traders quote.
Do I need any other insurance?
Motor trade insurance policies from Staveley Head are available with significant features and optional extras to protect your business. These include Road Risks, Material Damage and Liability cover. Under the Road Traffic Act, Road Risks is a legal requirement and covers the motor vehicles as they are travelling on public roads. Material Damage also referred to as "All Risks" protects your buildings, contents, stock of vehicles and customers’ vehicles and cover is also available for Public Liability (inc Sales Indemnity and Defective Workmanship) and Employers Liability.
Further optional cover such as Business Interruption, which covers the loss of profits due to an unfortunate, yet insured incident such as a fire, Employers Liability which protects the policy holder from legal liability for injury or illness to employees during the time that they are employed by the employer. Engineering Inspection provides insurance for the inspection of the plant required by law. Goods in Transit insurance provides cover for vehicles being transported on a vehicle or trailer.
Other Optional Extras include Commercial Legal Expenses which covers solicitor’s fees and expenses as well as barristers, witness and court costs. The Computer Insurance covers for loss or damage to computer equipment. Lastly, the Group Personal Accident and Sickness covers for you and your employees for bodily injury or the inability to carry out working activities.
