What is Alternative Fuel Converters Workshops Insurance?
Alternative fuel converters workshops insurance is a form of motor trade insurance that covers businesses for working on customer vehicles as well as things like structural damage, tools, stock and cash if you decide to take out a combined policy.
You can easily tailor the cover options in an alternative fuel converters workshops insurance policy so you only get the cover you need most.
You can find out more information on this page, including the types of cover you can choose from and the best ways to save money when taking out a policy.
What the experts say…
“Carrying out work in an alternative fuel converters workshop comes with a considerable degree of risk, so if you own such a business you want to be sure you're full protected. Alternative fuel converters workshops insurance provides the ideal way to do this.”
– Ian Beevis, Founder of Clean Green Compare
What Does Alternative Fuel Converters Workshops Insurance Cover?
You can pick from the following types of cover:
- Road risks insurance: Lets you and your employees drive customer vehicles for business purposes.
- Premises and asset cover: Protects your premises for structural damage as well as covering cash you have in your premises.
- Goods in transit: Will cover the contents of your vehicles while they’re on the road.
- Legal expenses: Helps with legal costs if you have to fight a liability claim.
- Personal accident and sickness: Provides financial compensation if you or an employee have to take time off work.
You can tailor your policy so it includes the type of cover that’s right for your business.
More Alternative Fuel Converters Workshops Insurance
Some additional types of alternative fuel converters workshops insurance include:
If your business had to be shut down for a period of time and it was because of a reason you were covered for, then you’d be compensated until you could get things running again.
You can cover the cost of property damage or injury due to installed products with this type of insurance.
You can guarantee you’d receive a certain amount for lost or stolen parts or tools by getting an agreed value policy.
Alternative Fuel Converters Workshops Insurance - Things That Aren't Covered
Alternative fuel converters workshops insurance can cover you for a lot of risks but there are certain things that won’t be covered. These include:
- Malicious acts: – Only accidental damage will be covered in your policy, so any intentional or malicious acts by you or your employees won’t be covered.
- Illegal activity: – Any illegal activity generally isn’t covered either.
- Personal use of vehicles: – Vehicle that are in your car can only be driven by you or your employees for business purposes.
- Fraudulent claims: – Any fraudulent claims won’t be paid out either. This refers to things like exaggerating damage or not telling the full truth about how something was damaged/stolen etc.
It’s definitely recommended that you look over the details of your insurance policy so you know what’s covered and what isn’t.
Businesses That Are Suited For Alternative Fuel Converters Workshops Insurance
Some of the main types of businesses that can benefit from alternative fuel converters workshop insurance are:
- Alternative fuel conversion workshops: Workshops that solely carry out fuel conversion on vehicles will of course benefit most from this type of insurance. It will cover your business for all the key risks that come with running an alternative fuel conversion workshop, including premises, tools, stock and cash.
- Garages offering fuel conversion services: Some garages will offer fuel conversion services as part of their overall service and they can also benefit from getting this type of cover.
Alternative fuel conversion workshops insurance is quite a specialised type of cover that’s not suitable for all motor trade businesses but cover options can easily be tweaked depending on the business.
Get Alternative Fuel Converters Workshops Insurance Quotes Today
Getting a Alternative Fuel Converters Workshops Insurance Quote
To get quotes for alternative fuel converters workshops insurance, just follow these steps:
How Much Will Alternative Fuel Converters Workshops Insurance Cost?
Below are some of the biggest things that will affect the cost of alternative fuel converters workshops insurance:
- The size of your business: The size of your business, including things like the number of vehicles you deal with and the number of employees you have will certainly impact how much your insurance costs.
- The details of your premises: The details of your premises is another big thing that affects cost. This refers to things like the type of building it is, where it’s located and any installed security measures, such as alarms and CCTV.
- The named drivers: Any employees you want to be able to work on and transport cars in your business will need to be named. The details of each named driver will all affect the cost of your cover, which is why it’s always recommended that you’re selective when hiring.
- How you pay: You can pay annually or monthly for motor trade insurance. Monthly payments are more popular since they allow you to spread the cost but you can avoid interest by paying annually, even if you pay more upfront.
It’s always a good idea to shop around for quotes when you’re looking for alternative fuel converters workshops insurance since it’s one of the best ways to save money.
Great Ways To Save On Alternative Fuel Converters Workshops Insurance
Below are some excellent ways to save money on alternative fuel converters workshops insurance:
These tips should help to make your alternative fuel converters workshops insurance that much cheaper.
FAQs – Engineering Workshops Motor Trade Insurance
What are the different levels of road risks cover available with alternative fuel converters workshops insurance?
You can choose from the same levels of cover that you would find with private car insurance i.e. third party only; third party fire and theft; and fully comprehensive.
Am I obligated to have alternative fuel converters workshops insurance?
There are certain types of cover you’re required to have by law. For example if you need to transport customer vehicles on public roads, you’ll need third party only insurance at minimum. Also if you have any employees, employers’ liability insurance is required.
What is product liability insurance?
This would pay out in a scenario where a car you’d worked on for a customer fails due to your work and damage or injury were caused as a result.
Should I get public liability insurance with my policy?
This is up to you but liability claims can be very expensive and sometimes even catastrophic for smaller businesses when there’s no cover in place, so it’s certainly worth considering.
