Motor Trade Insurance NI

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Motor Traders Insurance NI - Compare Quotes Online

After traders insurance NI? It normally pays to get multiple trader insurance quotes from Northern Irish brokers that deal in this insurance sector. Select GET Quotes and complete one simple form to get multiple quotes for NI traders insurance. 

Even though motor trader insurance NI is not the same as general car insurance NI, we still want to have effective and proper cover for a competitive price. Whether you repair or sell vehicles, valet them, or you work in another area of the motor trade industry, it is critical to cover yourself along with your business against unforeseen risks. A motor trade insurance NI policy here in Northern Ireland can include public liability, road risk, premises, and asset cover. There is even a combined policy which can cover all of these. Motor trade policies typically are custom tailored to a business’s specific needs and requirements

traders Insurance NI

Motor Trade insurance – or traders insurance NI as it is often called, means that a business and its staff will be covered when driving or working on a customer’s vehicle or any that the company owns.

One of the most important aspects of this kind of policy is its extreme flexibility. An example of this would be if you’re running a garage, this type of policy will provide cover for any member of staff – even new recruits – when they drive any company or customer’s vehicle.

In addition, the policy can protect that business against accidental damages or other problems that may result from mechanics working on a vehicle.

Who is it in Northern Ireland that needs Traders insurance?

In addition to the business types mentioned above, you will need motor trade insurance if you operate a car-valeting company, a scrapyard, a vehicle-restoration business or a company that does repossessions. For the most part, if you or your customer’s vehicles are under the ‘care, custody and control’ of your staff, you will need this type of cover in some form.

Important to keep in mind; the requirement to have motor trade insurance NI doesn’t only apply to limited companies. If you are self-employed yet still have the responsibility for other people’s vehicles, it’s essential to have the right policy in place.

There are indeed times when a customer’s own policy may cover other drivers, albeit just third-party rather than on a comprehensive basis. This has been a feature that was common of motor insurance in the past, but nowadays, this is much less likely to be the case. Because of this fact, it is crucial that businesses in the motor trade have their own form of cover in place at all times.

Here are some of the most common aspects that can be covered by Motor Trade insurance NI 

Road Risk:  If in the course of business you take vehicles onto the public highways of Northern Ireland, then you will need to have traders insurance NI. Examples of this would be if you or your staff are delivering cars to buyers. Or maybe you run a mechanic's business, and you have the need to take cars out to test drive to check faults. As is the case with normal motor insurance, you can opt for road risk cover which third-party only, third-party, fire and theft, or full comprehensive. Other options to consider comparing trade insurance NI include:

Does trade insurance cover uninsured cars?

Trade insurance does not allow you to drive cars that have no insurance. To drive such an uninsured vehicle, you will need to contact your broker and get the vehicle added to your trade policy.

Motor Trade Insurance NI Optional Extras

  • Employer's Liability This will protect you and your business against claims from your staff. This is important to have whether they’re actually driving vehicles or not.
  • Public Liability This will protect you and your workers against claims that might be made by customers or members of the public.
  • Product Liability This will offer your business protection should you fit a new part to a customer’s vehicle, and then the part then turns out to be defective.

Is motor trade insurance ni under 25 available?

The specialist panel of brokers can provide a range of quotes for N. Ireland motor trade industry, including young trader, new ventures and under 25's. However, polices for traders under 25 may have extra restrictions imposed by the insurance provider, plus expect to pay a higher premium than for those over 25. 

Is Trader Cover available for convicted drivers available?

Convicted motor trade cover is also available, but the policy may come with some exclusions to lower any risk to the insurance company plsu you will paying more to cover that additional risk, until you can prove your risk is reduced.

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