Motor Trade Insurance - Frequently Asked Questions

As standard, vehicles at the trade premises and within a 400m are covered TPO 'Third Party Only' but we may be able to extend this depending on your insurer, eligibility and cover required. Please call us to discuss in more detail.

Our motor trade policy will insure you to drive any of your own vehicles and vehicles in your possession for motor trade. Underwriters do restrict certain vehicles, this will vary from insurer to insurer

We would need to be notified if you have a trade premises, it could well change your policy depending on the area and whether you would like the vehicles to be insured whilst kept at the business premises

We should be able to cover your recovery vehicle on the policy but we will need to advised of the weight and what the vehicle is being used for. There may be an additional premium.

If you disclose this to us at inception we will look into insuring you with a company that may well be able to cover you when dealing with vehicle salvage, whether your buying category C & D’s to repair and sell on or to actively seek vehicles in order to salvage them

This can be offered subject to referral of the full drivers details

All vehicles are on referral to the insurance company and even though there are flexibilities, there’s no guarantee they will cover any sports or high performance vehicle

All the countries in Europe that comply with the EU 4th directive you will have the minimum cover required for that country. Alternatively you may have the option to purchase a green card, if this is the case please call us to discuss in further detail.

Normally the vehicle has to be perfectly road legal to drive on the public highway but the only time you are permitted to drive a vehicle without an MOT is if you are driving it to a pre-booked MOT

If your vehicle doesn't have a current MOT certificate, you can only drive it to or from a pre-arranged MOT appointment. However, not having an MOT may have implications for the validity of your insurance.

The only time a vehicle is permitted to be driven without valid road tax is when there are trade plates on the vehicle. You can apply for these from the DVLA, please see the form on our website

Providing it’s an acceptable vehicle which is taxed and roadworthy yes, even though you haven’t notified us of the vehicle details you needn’t worry because you have up to 14 days to get the vehicle details updated to the MID. And in the unfortunate event of having an accident or being pulled over you will naturally be asked to provide proof vehicle ownership.

Yes, we will be able to cover any vehicles you may have which are on a hire purchase providing the agreement is longer than 12 months.

Providing it’s on a 12 month minimum lease agreement or more we are able to cover that vehicle.

Yes you are able to do this. We may have the possibility to mirror the NCB which is currently being used elsewhere but we will need to see evidence of this

Vehicles may be restricted to TPO whilst being carried, but we are able to increase cover (subject to terms & conditions)

All vehicles are subject to acceptance by the insurance company and may vary from insurer to insurer. If you have any query please call us to discuss it further, alternatively exclusions will be noted in your policy literature

We may be able to at an additional cost depending on the insurer but you will need to of held a full UK motorcycle licence for more than 2 years

Yes but please bear in mind that it is only covered Third Party Only whilst attached

Yes, in the event that you would like to amend your policy please call us so we can advise you accordingly

We have a few options available in order to suit your needs. We are able to take full payment, half this month half next month at no additional cost or a deposit and 9 monthly installments (subject to APR). Please call us to discuss in more details

This is something applied to a policy when there are multiple claims or convictions and as a result the insurance company will apply a 10% co insurance clause so the excess that is payable in the event of a claim would be either the excess set on the policy or 10% whichever is greater. This applies to policies that are fully comprehensive, or making a claim for theft or fire on a third party, fire and theft policy.

In the event of losing a certificate we can issue you another one but because it is a legal document we will require a lost certificate declaration form first

It is accompanied demonstration cover which consists of anyone named on the policy sitting in the passenger seat next to the driver whilst they test drive. The person test driving must also be over 22 years old and a held a full UK licence for a minimum of 1 year. This extension also excludes family members or anyone in the employment of the insured.

Documents are emailed to all of our clients as soon as they are ready. Occasionally there is delay but we will always try our best to get them out to your as soon as possible. If you require them urgently please call us.

You may cancel your policy, we will require your documents to be returned and you will be charged in accordance to the cancellation rates sets by your insurance company. Please see your policy documents.

Yes, providing we have received your Driving licence copies and your NCB has been verified we are able to do amendments to your policy. Please bare in mind that when doing any adjustment to your policy there is an administration charge of £50

The vehicle indemnity is the maximum pay out per incident that you’ve set on your policy for accidental damage, fire & theft policies

We will always require a deposit, driving licence copies and No Claims Bonus proof or details. Depending on the insurer we may also request proof of trading.

Minimum age we will insure from is 25 years old. We are unable to insure drivers under 25 years old on our trade policies.

In line with the criminal rehabilitation act we would need all criminal convictions disclosed. In the even that you are unsure then notify us of the conviction and we can advise you whether it’s necessary to disclose

Depending on the seriousness of the convictions and sentence depends on how long the driving conviction will last on your licence for. We need to know about all driving convictions within the past 5 years, If a prison sentence is attached we need to know in accordance with the rehabilitation act

If you are working independently in the motor trade on a full or part time basis then you will qualify for a motor trade policy.

Medical conditions won’t be a problem providing the DVLA have been advised and haven’t put any restrictions on your license. If you give us a full disclosure of the medical condition and  medication we will try and get you a quote, you would be subject to filling out a medical questionnaire

You could be asked to provide proof of trading (POT) at any time, not just in the event of a claim so it’s advisable that you always keep any invoices and receipts

In the event of a claim please notify us straight away for the claims department to talk you through the process

This could potentially be a breach of your contract and in the event of unnecessary costs occurring you could be asked to reimbursed this

As a rule in the event of a claim the insurance company will pay out the motor trade value for the vehicle you are claiming against but the exception would be for a customer’s vehicle that you have in your possession

Most insurers need to have all claims disclosed within the past 5 years

Providing that the NCB is from an annual policy valid within the last 12 months we can use it, with the possibility of it being up to 24 months old. The NCB does need to be from a private policy or commercial vehicle policy.

In the event of having a fault accident you could lose your no claims bonus and if the claim is pending we would be unable to verify any NCB

Yes we will cover you to use your trade plates at no extra charge on your motor trade policy

The only time a vehicle is permitted to be driven without valid road tax is when there are trade plates on the vehicle. You can apply for these from the DVLA, please see the form on our website

You need to apply to the DVLA for trade plates, please see an application form on our website

If you have any employees then it is a legal requirement by law to have employees liability even though public liability is not but is certainly recommended

There’s a few different options available. Via fax, email, post or by simply entering the details online via our website