Motor Trade Insurance under 25

For owners in the motor trade business who have employees that are under the age of 25 there is a special insurance policy you need to protect yourself and your business. This is motor trade insurance made specify for the business owner with younger employees.

What is Motor Trade Insurance?

Motor trade business are those repair shops, car dealers, auction houses and testing centers that operate someone else’s vehicle as part of their business. This insurance will cover the costs of repairs to a vehicle that is involved in an accident that might or might not be the fault of the operator.

Are there Different Types of Motor Trade Insurance?

Yes there are 9 different types of policy depending on the coverage you desire.

  • Third Party policy covers the costs of repairs and medical bills of the other vehicle you or your employee hit in an accident. Your customer’s car is not covered.
  • Comprehensive policy is a more complete coverage. This way the repairs to both vehicles are covered along with medical and legal fees for accidents that occur on the road.
  • Combined policy covers everything in the comprehensive policy plus it covers the premises of the business in case there is an accident, fire or theft that occurs there.
  • Public Liability policy covers the medical bills any customers might have when they are on your premises just in case they are injured.
  • Employer’s liability policy protects against the cost of an injury or death of you or one of your employees in a work related activity.
  • A legal amendment can be added to both public and employer liability insurance to cover the legal fees just in case there is a lawsuit.
  • Breakdown policy covers the costs of retrieving a vehicle that is no longer able to propel itself down the road.
    • Third Party policy covers the costs of repairs and medical bills of the other vehicle you or your employee hit in an accident. Your customer’s car is not covered.
    • Comprehensive policy is a more complete coverage. This way the repairs to both vehicles are covered along with medical and legal fees for accidents that occur on the road.
    • Combined policy covers everything in the comprehensive policy plus it covers the premises of the business in case there is an accident, fire or theft that occurs there.
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      Public Liability policy covers the medical bills any customers might have when they are on your premises just in case they are injured.
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      Employer’s liability policy protects against the cost of an injury or death of you or one of your employees in a work related activity.
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      A legal amendment can be added to both public and employer liability insurance to cover the legal fees just in case there is a lawsuit.
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      Breakdown policy covers the costs of retrieving a vehicle that is no longer able to propel itself down the road.

    Who Qualifies for Motor Trade Insurance under 25?

    • Anyone between the ages of 18 and 25 who are working in the motor trade business.
    • Some companies begin coverage at 22 and other at 23.
    • Drivers that only have 3 claims or less against their driving record.
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      Drivers with no criminal conviction.
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      The driver must have a valid UK driver’s license.
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      Must work in the motor trade business sector.
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      The driver can not have any physical imparities.

    What Affects the Costs of this Policy?

    • The age of the drivers being covered.
    • The driving record of the drivers being covered.
    • The public (The size of your business) record of the drivers.
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      The size of your business.
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      The type of business you own in the motor trade industry.
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      The level of coverage you need for you to be protected as you desire.

    By law everyone operating a vehicle on the road in the UK must be covered with a minimum of 3rd party liability insurance. In the motor trade industry the recommended minimal coverage is a comprehensive policy.

    The reason motor trade insurance for those under 25 is higher than other drivers is the higher risks associated with covering younger drivers.