Motor Trade Insurance
We are Perth’s Motor Trades Industry Insurance specialists and we can design a policy specifically for your unique needs.
Motor Trade Insurance
JJS Insurance works with companies of all shapes and sizes to ensure they have an effective but affordable motor trade insurance package in place. Our experts will work with you to tailor the cover to suit your business. It is very important for motor trade businesses to have a motor trade policy. It is also incredibly important that such a policy includes specific and careful wording that keeps your business properly protected. We can provide a broad range of cover from faulty workmanship to coverage for customers driving your vehicles. The JJS Insurance team is here to keep your business safe.
Whether you own a car dealership, smash repairs, motorcycle dealership, panel beater, spray paint, car wreckers or scrap yard, JJS is here for you. Our motor trade insurance policies are tailored to suit your precise needs. The policy can be expanded over time as your business grows. Motor trade insurance covers a number of different insurance types – which takes the stress out of the process for you. JJS Insurance will work through these with you making sure you only pay for the cover you actually need.
Fleet insurance
JJS also works with a number of businesses to secure their Motor Fleet insurance. Contact us today to find out more.
Motor Trade Insurance
Features
As a business owner you should consider the following covers:
- Property – Building, Contents & Stock
- Business Interruption
- Theft & Money
- Glass
- Public & Products Liability
- Machinery Breakdown
- Customer Vehicles
- General Property
- Workers Compensation
Motor Trade Insurance
Further Information
Motor Trade Insurance Key Features
- Covers fire, explosion, lightning and earthquake damage to vehicle stock at the premises
- Covers vehicles stock for theft from premises with various extensions available
- Extend your liability cover with motor trades-specific cover for things such as faulty workmanship
- Cover for vehicle inspection and evaluation if you undertake roadworthy certificates or safety reports
- Wide-ranging business insurance protection for your business under one policy
- Tailor your insurance solution to meet your business needs, regardless of size or type of business
Unique Risks Facing The Motor Trades Industry
Mechanics, Smash Repairers and associated industries face unique risks that need to be considered when designing an insurance package. Broadly, these risks relate to public liability, faulty work and protection for customers’ vehicles. Based on discussions with our existing insurance customers, we have outlined a few key questions that need to be considered when reviewing your motor trades insurance policy package.
Public Liability
Does your liability insurance include cover for faulty workmanship and resultant damage?
If so, is the sum insured adequate and does it allow for multiple claims during the year?
Does your liability insurance include cover for customer’s vehicles in your care, custody and control?
When was the last time you update sales figures with your insurer?
Test Driving Customer Vehicles
Do you have comprehensive insurance or are covered via an extension under your Public Liability insurance? If it’s the latter, are you aware that you may need to be at fault to lodge a claim?
Is the sum insured sufficiently to cover the replacement cost in the event you write off a customer’s vehicle?
Customers’ Vehicles at your workshop
Do you want your customers’ vehicles to be insured against theft, malicious damage, storm and hail damage while at your workshop waiting to be repaired?
Business Interruption
This sum insured is often calculated incorrectly. This is a significant risk to your business as an under-insurance clause applies to this section, which can result in reduced claim payments.
The best way to overcome this is to provide your insurance broker with your Profit & Loss Statement so they can extrapolate the required information.
Professional Indemnity
If you issue road worthies, safety certificates or valuations, do you have insurance in place to protect you against financial loss claims? Make sure you have professional indemnity insurance in your policy.