THIRD PARTY MOTOR INSURANCE
This is the legal minimum for Motor Insurance. It ensures that you can cover the cost of compensation for injury to other people – or damage to their property – as a result of an accident caused by you. It doesn’t cover any of your costs as a result of the accident.
THIRD PARTY, FIRE AND THEFT INSURANCE
This policy includes the above but will also compensate you if a vehicle under your custody is stolen or damaged by fire.
COMPREHENSIVE CAR INSURANCE
This includes the same protection as Third Party, Fire & Theft, but it also covers your costs if your vehicle is damaged by an accident.
EMPLOYERS' LIABILITY INSURANCE
This is a legal requirement should you employ anyone within your car business. This includes part-time workers, volunteers, apprentices, and contracted or freelance workers. This will provide you with protection against claims should an employee become injured or sick as a result of working in your business.
PUBLIC LIABILITY INSURANCE
This will cover compensation and legal costs for any damage caused to a third party’s property or injury to a member of the public.
PRODUCTS LIABILITY INSURANCE
If you sell new parts that turn out to be faulty, or undertake work on a vehicle that proves to be defective causing a third party loss, this will protect you should a claim be made.
TEST DRIVE INSURANCE
This type of cover is needed if you offer test rides in your vehicles. This can be tailored to cover accompanied or unaccompanied drives.
ENGINEERING INSPECTION INSURANCE
If you operate any plant or equipment that requires statutory inspection under LOLER or PUWER regulations, then these need to be checked independently at set intervals to ensure safe working. This also extends to Local Exhaust Ventilation (LEV) systems.
COMMERCIAL PROPERTY INSURANCE
Protect your commercial property, garage or forecourt from insured events such as fire and flood.
BUSINESS INTERRUPTION INSURANCE
If an event such a fire or flood forces your business to stop operating, this policy will cover the cost of lost profits or income throughout your business’ recovery.