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Motor Trade

We provide bespoke Motor Trade Material Damage cover which provides all the same covers clients have previously enjoyed under a Nelson Policies at Lloyd’s Commercial Combined policy, as well as additional covers that are specific to the client’s industry

Target Trades

Vehicle accessory fitters
Vehicle mechanics
Vehicle body repairers
Mobile vehicle repairers and mechanics
Campervan Converters
Vehicle Dealers
Vehicle Hirers
Vehicle storage facilities
Windscreen fitters

Vehicle signwriters
MOT stations
Vehicle valeters/detailers
Tyre fitters
Motor factor / parts sales
Vehicle breakdown recovery agents
Vehicle hirers
Car clubs

Key Features

  • Cover is available for new ventures and existing ventures, including working from home risks
  • Flexible approach to risks and requirements on conditions
  • Public, Products and Employers liability to include Sales and Service Indemnity
  • Liability rated on either per-capita or wage roll / turnover basis
  • Service Indemnity covered up to limit of indemnity on Public Liability with no inner limit
  • Cover for property damage, business interruption and outstanding debit balances, money (including bodily injury (robbery)), goods/vehicles in transit, loss of MOT licence as well as specified items all risks over for portable tools and diagnostic equipment, trailers and other contents
  • Wrongful Conversion Extension – Up to £50,000 (fifty thousand pounds) during the course of the policy term on Material Damage policies as standard
  • Vehicles in the open – Up to limit of sums insured, however £10,000 maximum value of any one vehicle as standard – negotiable upon requirements on Material Damage policies.
  • Theft Cover Extension – Up to £500 (five hundred pounds) per vehicle incurred in necessarily replacing locks to Vehicles consequent upon the Theft (as insured) of Vehicle keys or key fobs on Material Damage policies as standard
  • Customers personal belongings – Up to £5,000 (five thousand pounds) on Material Damage policies as standard

Optional Covers

Loss of MOT Licence
Legal Expenses
Damage to Property Worked Upon for valeting risks up to £50,000 in any one period of insurance

Limits & covers available

£5,000,000 Public and Products Liability and Service Indemnity
£10,000,000 Employers’ Liability
£2,000,000 maximum total sum insured
£120,000 maximum value of any one vehicle

Unacceptable Risks

Vehicle manufacturers
Parts manufacturers
Exports of any kind to North America
Excluding cover on second hand or reconditioned tyres
Vehicle breaker yards
Cover for trackside or motorsports

Unacceptable Trades / Exclusions for Material Damage

Tyre Wholesalers
Vehicle breaker yards

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