Do I need Motor Trade Insurance?

If you drive, move, repair or store vehicles that you do not personally own as part of your business, standard car insurance is unlikely to be sufficient. Most personal motor policies specifically exclude business use connected to motor trading.

At SEIB Insurance Brokers, we regularly speak to businesses who are unsure whether they need Motor Trade Insurance, particularly when their work involves handling customers’ vehicles, test driving cars, or moving vehicles between locations.

Whether Motor Trade Insurance is legally required will depend on how your business operates, but without the correct cover, you may be exposing yourself to uninsured losses or invalidating your insurance altogether. The level and type of cover needed will vary based on factors such as the work you carry out, whether you have premises, and how vehicles are used and stored.

Getting the right Motor Trade Insurance helps protect both your business and your customers, giving you peace of mind that your day-to-day activities are properly covered.

Need specialist motor trade insurance?

At SEIB, we stay ahead of industry trends to ensure our clients have the right cover. If you’re in the motor trade and want to discuss your insurance requirements, get in touch with our expert Motor Trade Insurance team today on 01708 850 011, email motortrade@seib.co.uk or request a quote here.