What is Motortrade Insurance?
Motor trade policies are designed with auto traders in mind, with a range of coverage options available to protect your business assets and customer base. That’s where Nova Insurance can help in securing you a competitive motor trade insurance quote.
Every motor trader, regardless of their line of work, must have a motor trader insurance policy. However, by law, they only need to choose a policy that allows them to conduct their business at a minimum level of risk. Motor trade insurance policies generally provide three different types of cover: Road risk insurance, Liability motor trade insurance and Combined motor trade insurance.
Who needs Motor Trade Insurance?
Any business that buys, sells, repairs, customises, collects, or delivers vehicles for a living needs Motor Trade Insurance.
This includes:
- Car dealers – New, used, part-time, or home-based traders.
- Mechanics & garages – For vehicle servicing, repairs and MOTs.
- Breakdown & recovery services – Providing roadside assistance and vehicle recovery.
- Valeters & detailers – Offering professional cleaning, preparation, and minor modifications.
- Car transporters and mobile fitters – Moving vehicles and fitting parts on-site or remotely.
What does Motor Trade Insurance cover?
Most policies will at least cover road risk.
Comprehensive
Can cover you in most accident scenarios and also covers accidental damage to your own vehicle(s).
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Third-Party, Fire and Theft
Covers everything included in TPO and covers you if your vehicle(s) are stolen or damaged by fire.
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Third-Party Only
Third Party Only (TPO) is the minimum legal requirement and covers you if you cause damage to someone else’s vehicle or injure a third party in a fault accident.
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