Car dealers are unique in their nature and require bespoke insurance to protect assets, liabilities and safeguard against unforeseen events that could expose your business to financial loss. Car dealer insurance is typically designed to offer you comprehensive cover to protect your business.
Your business will incorporate a number of activities that will require car traders insurance to cover all eventualities. As well as having a number of valuable assets to insure, liability insurance must be a key consideration to protect your clients and staff, as well as road risk insurance to protect you whilst driving vehicles on the road.
Public liability insurance protects your business against accidental damage to third party property or injury. If a customer tripped at your premises sustaining an injury, you may be liable to pay compensation awards. Including public liability cover within your car dealer insurance ensures you can work without worrying about these minor mishaps.
Employers' liability will safeguard your employees in the same respect. This cover is required by law if you have full or part time staff, and will protect you if your employees sustain an injury in the work place. Having this included within your car dealer insurance will fulfil your legal requirement and protect your staff if they had an accident at work.
Car trader insurance can also be tailored to cover the vehicles or stock that you hold at your premises, as well as the buildings and forecourt. This is the heart of your business, and if something happened that caused damage to your stock, for example a fire, this could impact your ability to trade. Ensuring you have adequate insurance in place to protect against these eventualities is critical to business continuity.
Having business interruption cover, as part of your car dealership insurance, can also aid business continuity, should the worst happen. This cover can protect your income, fixed expenses, like staff wages and could also help you trade temporarily from another location should you suffer damage at your premises from an insured event that leaves you unable to trade.
We compare quotes from a panel of the UK’s leading motor trader insurers to source car dealer insurance that’s right for you. So to make your insurance arrangements simple and hassle-free, contact our advisors today for their professional recommendations tailored to you or request a call back.