Why buy motor trade insurance?
We understand that the motor industry is a large part of the Channel Islands market and due to the nature of the industry you need to consider a wide variety of risks and insurance covers that are specific to your business.
If you run a motor trade business across the Channel Islands, Islands can ensure you have the appropriate insurance for your needs. There are a number of risks that you will be faced with and our professional team here at Islands would be delighted to assist you in placing a policy that covers these risks.
Covers & benefits provided
Our insurance for motor traders is extensive and designed with Channel Islanders in mind.
Whether you own or rent the buildings you need to consider insurance not just for the bricks and mortar of the property but also any external outbuilding, vehicle compounds etc. If you are leasing the premises you also need to consider any internal improvements that you have made such as vehicle repair booths, spray ovens, ramps etc. These need to be taken into consideration when insuring the premises for their full rebuilding costs (including professional fees and the cost of site clearance).
Regardless of how efficient your business continuity plan (BCP) is, if you’re not able to use or access your garage premises your income will be negatively impacted. Whether the need is to replace equipment, or hire new premises, ensure these costs are covered to maintain minimal effects on the operation of the business. We can cover the additional working expenses and loss of profit from an insured event such as fire, flood or storm damage.
It’s important to cover all of your contents including electronic equipment and computers in the office and garage workshops. You need to consider more than just your business property, remember to include portable equipment, dialogistic equipment, and tools used away from the premises.
Coverage for all your non-manual and manual staff working on or away from your premises. Not only is this a legal requirement but you have the responsibility to ensure your staff are adequately covered for their daily roles. All our policies provide £10,000,000 worth of Employers Liability as standard.
Cover in respect of third party injury and property damage on or away from your premises, or the goods sold. This is included as standard (at variable limits from £2,000,000 to £10,000,000) within all our policies.
Coverage for lifts or vehicle lifting ramps on the property that need to be inspected annually to comply with Health & Safety obligations. Cover can also be extended to include machinery breakdown cover.
If you are taking vehicles out on the roads you need to make sure you are insured to do so. By using trade plates this enables you to drive the vehicles whilst in your temporary possession.
Cover needs to take into account not just your general stock and spare vehicle parts, but also seasonal increases, stock and raw materials in-transit away from the premises.
Coverage for taking receipt of customer vehicles that ensures these are adequately insured whilst under your custody, control & care.
Your policy will generally cover you for a number of insured events, such as:
- Malicious Damage
- Accidental Damage
Renewing your policy
We will contact you prior to your renewal date with all the details of your policy cover for the coming year.
Payment can be made by monthly direct debit or an upfront annual payment.
Making changes to your policy
Click here to make a change or request.
You can cancel your policy at any time by contacting us.
Why choose Islands?
Our locally-based team is dedicated to providing specialist, personal service, to give you peace of mind with insurance cover for the things that matter.
An experienced market-leading team, delivering specialist advice and expertise for over 40 years.
Pop into our office, speak to us on the phone, send an email, or browse through our website.
We have bespoke Channel Island products designed and rated with this in mind that can be individually tailored for your needs.
We are proud to support the local community through several sponsorships and partnerships, helping to protect our rich heritage and take care of our beautiful islands.
Friendly, experienced in house claims team giving guidance and help when it matters most.
Available if you have more than one policy with us.