What is Vehicle Enhancing Workshops Motor Trade Insurance?
Working on customer vehicles always comes with a good degree of risk and in order for you and your employees to be able to work on and drive customer vehicles as needed, you’ll need to have vehicle enhancing workshops motor trade insurance in place.
A motor trade insurance policy will ensure that your business is protected and that any named drivers on the policy are able to work on and move customer vehicles, provided it’s for business use.
There are multiple types of cover you can choose from, so finding a policy that’s perfect for the needs of your business won’t be a problem.
What the experts say…
“Running a vehicle enhancing workshop means having a constant supply of customer vehicles coming through your premises. This is of course comes with a considerable amount of risk, which is why having vehicle enhancing workshops motor trade insurance is a vital.”
– Ian Beevis, Founder of Clean Green Compare
What Does Vehicle Enhancing Workshops Motor Trade Insurance Cover?
Some of the things you can get cover for with enhancing workshops motor trade insurance include:
- Road risks insurance: This will allow you to work on and drive customer vehicles for business use. You can choose the level of cover you require from third party only up to fully comprehensive.
- Premises and assets cover: This will cover your premises for structural damage from risks such as fire and flooding. It will also cover the contents of your premises for things like tools, stock and products.
- Public liability: Cover for liability claims from customers or members of the public.
- Employers’ liability: Required if you have any employees.
- Money and keys cover: Insures your money and the cost of replacing keys and locks on customer vehicles.
- Goods in transit insurance: If you have to move vehicles around, then it’s always useful to cover any stock or tools you might be carrying in them.
- Personal accident and sickness cover: If you or any of your employees were to become sick or injured and unable to work, this would cover wages.
You can easily tailor your policy so it includes the exact type of cover you require.
Add On Cover for Vehicle Enhancing Workshops Motor Trade Insurance
Some great additional types of cover to consider are:
If your business is unable to continue operating for a reason that you’re covered for, such as fire or flood, then you’d compensated for things like rent and salaries until you were able to get it running again.
There are many reasons you might have to fight a legal claim when you’re running a motor trade business and the costs can add up very quickly. This is why legal expenses are such a popular type of additional cover for motor trade business owners.
This will cover cash that’s on your premises or in transit in some cases. Most motor trade businesses will have cash on hand so this is definitely worth considering.
If you or one of your employees were to be personally injured on the job, then you would be compensated with this type of cover in place.
What’s Not Covered By Vehicle Enhancing Workshops Motor Trade Insurance?
Although motor trade insurance can cover your business for most of the biggest risks you face day-to-day, there are some exceptions that you won’t be covered for. Below are some of the key ones:
- Unnamed drivers: – Any of your staff who you want to be able to work on and drive customer vehicles will need to be named in the policy.
- Deliberate or criminal acts: – Theft or damage that’s caused deliberately by your or one of your staff will not be covered by the majority of motor trade insurance policies.
- Theft of unattended vehicles: – You will need to adhere to certain security conditions in order for the vehicles in the care of your business to be covered for theft. This is usually standard things like ensuring they’re locked when not being worked on and that keys aren’t left inside in the vehicle.
- Wear and tear: – General wear and tear that occurs to parts or vehicles in your premises won’t be covered by your insurance either.
- Damage caused by incorrect fueling: – If you or a staff member were to put the wrong type of fuel in a vehicle, the resulting damage or loss of potential income won’t be covered.
Policies can vary in their details from one insurance provider to the next, so it’s always recommended you go over them thoroughly so you know exactly what you’re covered for.
Who is Vehicle Enhancing Workshops Motor Trade Insurance For?
With so many types of motor trade businesses, it’s not always clear what type of insurance you need. Vehicle enhancing workshops motor trade insurance is suitable for businesses that work on cars, primarily carrying out maintenance and mechanical and cosmetic enhancements.
Some of the business types that are suited to this type of cover are:
- Modification shops: One of the main business types that can benefit from this type of motor trade insurance are modification shops that carry out things like suspension upgrades and engine tuning among other things.
- Customisation and styling garages: This type of cover is also perfect for garages who offer customisation and styling for cars, such as wraps, detailing and bodywork modifications.
- Restoration shops: Restoration shops are ideal for getting vehicle enhancing workshops motor trade insurance too.
If you work on customer vehicles doing any types of modifications or enhancements, then this type of cover is perfect.
Get Vehicle Enhancing Workshops Motor Trade Insurance Quotes Today
Getting a Vehicle Enhancing Workshops Motor Trade Insurance Quote
Getting a quote is a very quick and easy process. Below are the main steps involved:
How Much Does Vehicle Enhancing Workshops Motor Trade Insurance Cost?
Some of the main factors that affect the cost of a motor trade insurance policy are:
- The size of your business: Generally speaking, the bigger your business is, the more risk it’s at and therefore larger businesses pay more for motor trade insurance.
- Number of employees and named drivers: The number of employees you have and more specifically, the number of named drivers you want to add to the policy will affect its cost too.
- Where your business is located: Businesses in busier areas tend to cost more to insure. The crime levels in the area your business is located will certainly affect the price of your insurance as well.
- The level of cover you take out: The level of cover you take out is another big factor that affects cost. The more cover options you add, the more you can expect to pay.
- How you choose to pay: Lastly is the way you choose to pay. Paying monthly allows you to spread the cost but it will mean you pay interest which can be avoided by paying annually.
It’s always recommended to compare quotes when you’re renewing your motor trade insurance, since a better deal can often be found.
Great Ways To Save Money on Vehicle Enhancing Workshops Motor Trade Insurance
Here are some excellent ways you can save money when taking out a motor trade insurance policy:
By following some or all of the steps above, you should be able to find vehicle enhancing workshops motor trade insurance at a great price.
FAQs – Vehicle Enhancing Workshops Motor Trade Insurance
How is vehicle enhancing workshops motor trade insurance different to regular motor trade insurance?
The truth is there is no one standard motor trade insurance policy since there are so many types of businesses within the motor trade. This is why it’s highly flexible and can be tailored to the needs of each business, including vehicle enhancing workshops.
Are modifications to customer vehicles included when the cars are in the workshop?
Yes, customer vehicles will be covered for risks such as damage, theft and fire provided they’re on your property and not deemed to be at unreasonable risk, such as being left outdoors with the keys in the car. In such an event, a claim may be denied.
Are cosmetic enhancements covered?
Yes, the majority of insurance providers will cover you for cosmetic enhancements such as wraps and detailing in addition to more technical bodywork and repairs.
Is vehicle enhancing workshops motor trade insurance expensive?
The factors that affect cost are covered in more detail further up the page but generally vehicle enhancing workshops motor trade insurance should be affordable provided you don’t have convictions and the named drivers on your policy have clean driving records too.
