Motor Trade Insurance
Customer Vehicle Insurance
Determining what cover for customers vehicles, is always difficult to determine to establish because it is the only content item that is likely to significantly fluctuate over the course of a year.
When establishing a suitable limit of over, the key elements to consider are as follows :-
What is your trade, are they involved/specialising in a specific category of vehicle i.e. high performance vehicles, motorcycles, commercial vehicles, hgv’s ?
What is the average value of vehicles that you take custody of ?
How many staff do you have, which would lead to how many vehicles they are likely have at any one time ?
Workshop & Compound Capacity ?
If you are a sole trader dealing with run of the mill cars, with no great garage or compound capacity, it is likely that the above factors will lead to a relatively low CV sum insured.
If you are an Accident Repair Centre, with 10 employees, large commercial premises that has the capacity to deal with all types of vehicles then, clearly this will merit a much higher CV sum insured.
If you ascertain the above, you can make an educated/informed decision when selecting a suitable sum insured.
Generally a “road risks” only policy will not cover customers vehicles at your trade premises with a separate contents item.
Search our product database
what is the best motor trade insurance for you?
don't understand.
