What is Auto Electricians Motor Trade Insurance?
Auto electricians motor trade insurance is a type of insurance that’s specially designed for businesses and individuals who carry out work on the electric systems of various types of vehicles. It can cover you for all aspects of your business, from working on and transporting customer vehicles to cover for your premises, tools, stock and cash.
Not all types of motor trade insurance are suited for auto electricians, which is why you can easily tailor your cover options so you are protected for the things that are most important.
You can find out more about auto electricians motor trade insurance below, including the types of cover you can get, the factors that affect cost and the most frequently asked questions people have about this type of insurance.
What the experts say…
“Auto electricians motor trade insurance provides individuals and businesses with protection for the unique risks that come with working on the ever more complicated electronic systems in modern vehicles. Having this type of cover in place will allow you to carry your work with full peace of mind.”
– Ian Beevis, Founder of Clean Green Compare
What Cover Can You Get With Auto Electricians Motor Trade Insurance?
Each business has its own needs but below are some of the most common types of cover you can get with auto electricians motor trade insurance:
- Road risks insurance: Will allow you to legally drive customer vehicles for business purposes.
- Premises and asset cover: Protects your premises as well as things like office equipment and tools.
- Money and keys cover: Insures you for loss or theft of cash as well as covering customer vehicles for key and locks replacement.
- Goods in transit: Will cover the contents of vehicles when they’re being transported for business purposes.
- Personal accident and sickness: Provides financial support if you or a staff member has to take time off due to illness or injury.
You can easily tailor the cover mentioned above so it suits the needs of your business.
Extra Types Of Auto Electricians Motor Trade Insurance
Below are some of the main types of cover you can have included with an auto electricians motor trade insurance policy:
There are several types of liability insurance you can have included in your policy. If you have employees, then you’ll need to have employers’ liability insurance included to run your business legally. You can also get cover for public liability claims as well as product liability.
You can also get cover for your tools and equipment for risks such as theft, loss and damage.
In addition to tools and equipment cover, you can also get cover for stock that you hold, such as vehicle parts and accessories. With this type of insurance, you’d be covered for theft, loss and accidental damage of your stock.
If you had to fight a liability claim in court, your legal expenses would be covered up to a certain amount (check the details of your policy for the exact figure).
Auto Electricians Motor Trade Insurance - Things That Aren't Covered
Below are some of the main exclusions when you take out auto electricians motor trade insurance:
- Personal use of vehicles: – The vehicles that are under your care will only be covered for you and your named employees working on them and for transporting them for reasons related to business use. Any type of personal use will not be covered.
- Personal and employee vehicles: – Your personal vehicle(s) as well as any employee vehicles won’t be covered by your insurance either, unless you specifically requested this when taking out your policy.
- Malicious acts: – Any malicious acts that result in damage, theft or injury won’t be covered by your insurance either.
- Lack of reasonable care: – If a customer vehicle were to be damaged or stolen due to lack of reasonable care on the part of one of your employees, this usually isn’t covered either.
Always be sure to check the full details of your policy so you know what you’re covered for.
What Types Of Businesses Need Auto Electricians Motor Trade Insurance?
Below are some of the main types of businesses that can benefit from auto electricians motor trade insurance:
- Dedicated auto electricians: Dedicated auto electricians will of course benefit from this type of cover since it provides protection for all the main risks associates with running such a business, such as liability claims and tools, stock and cash cover.
- Garages and MOT centres: Garages and MOT centres work on the electronics on vehicles too, so there’s certainly a lot of crossover in the type of cover they require.
- Mobile mechanics: Mobile mechanics often do electrical work as part of their job and will therefore benefit from auto electricians motor trade insurance too.
- Dealerships: Dealerships will often have an in-house mechanic to work on vehicles as problems arise and will find auto electricians motor trade insurance and the cover it includes to be a good fit.
These are some of the main businesses that can make use of auto electricians motor trade insurance.
Get Auto Electricians Motor Trade Insurance Quotes Today
Getting a Auto Electricians Motor Trade Insurance Quote
If you want to get quotes for auto electricians motor trade insurance, below are the steps involved:
Auto Electricians Motor Trade Insurance - What Does It Cost?
There isn’t a single cost when it comes to auto electricians motor trade insurance because every business is different but below are some of the main factors that will impact price:
- The type of business: The nature and size of your business will a big impact on cost. Things like the number of vehicles you deal with in a typical day/week and how many employees you have.
- Your premises: Your premises will also affect how much you pay for auto electricians motor trade insurance. This includes things like where it’s located, the type and size of the building and how secure it is.
- The type of cover you get: Another thing that impacts cost is the level of cover you take out. A basic third party only policy will cost less than comprehensive cover for example; and a road risks only policy will cost less than a combined policy.
- Whether you pay annually or monthly: You have the option to spread the cost of your insurance and pay for it monthly, which is what most people do. However, you can avoid the interest payments associated with monthly payments by paying upfront for the whole year instead.
All these factors will have a big impact on cost; some of the them you can change and some you can’t but something you can always do is get quotes from several insurance providers in order to keep costs down.
How You Can Save Money On Auto Electricians Motor Trade Insurance
Some great ways to save money on auto electricians motor trade insurance include:
Following these tips should certainly help you make a good saving on auto electricians motor trade insurance.
FAQs – Auto Electricians Motor Trade Insurance
Do I need auto electricians motor trade insurance?
There are certain types of cover you’re obligated to have by law. For example, if you need to transport customer vehicles on public roads, then you’ll need to have third party only road risks insurance at minimum. Also if you have any employees, then you’ll need employers’ liability insurance.
Will I be able to drive any car with auto electricians motor trade insurance?
You’ll be able to drive customer vehicles under your car, provided it’s strictly for purposes related to business. You might be able to drive your personal vehicle under your policy too, provided you request this when you take out your insurance.
Can I get cover as a part time auto electrician?
Yes, you can get flexible policies that cover you part time.
Do I need a combined auto electricians motor trade insurance policy?
This will mostly depend on whether you have a premises or not. If you work as a mobile mechanic or auto electrician, you might not need it but if you have a premises and don’t have building insurance, then it’s definitely recommended that you opt for a combined policy.
