Motor trade insurance recommendations?

That’s ridiculously cheap. In fact it sounds too cheap to really cover adiquately.

Mine costs 5 times that, but does have no age limit, no modification or power limit, no vehicle value limit. public liability, professional indemnity, full tools, contents and equipment cover, plus £200k of personal vehicles including a recovery truck with GIT for business related use. And the policy covers my wife too.

What are you actually getting for £500 quid, and who with?

I’m struggling with the term third party in this case. Does that mean you’re covered for road risk but other peoples cars aren’t insured when in your possession? Sounds risky.

Yeah, it’s a sort of risk I can’t take with the vehicles that are left with me.

Tbh I didn’t think you could still get that sort of cover. DNA withdrew it years ago whilst I was still with them.

£500 seems pretty cheap to me for ‘one driver on any car road risk’ cover.

Who are you with currently?

Give peter James a try,I cancelled my trade policy when I took a full time job 2 years ago but up to then I was paying less than £1000 a year fully comp for buying/selling and repairing and included American and classic cars.

Do your customers know you're effectively not covered for repairs on their car after an accident? Mines over 4K with customers cars fully insured correctly, public and employers liability, workshop contents fixed and moveable objects bla bla bla. 2 other drivers on the policy inc personal use on own vehicles

I’m still really confused about what cover you actually have.


You say it is road risk only. Referring to it as 3rd party cover is erroneous when there’s 4 parties involved. You, the insurer, the owner and then any other road user.
To me that means if the police stop you (or you are involved in an accident) you are insured for the purpose of the law. It is assumed that you are driving the car for motor trade purposes with the permission of the owner to do so.
Sometimes the owner and yourself can be the same person, then it does become third party cover again.
But in your original post you say-



I don’t see how number of vehicles comes into it when you can only drive one at once. As soon as you park the car and get out of it, it’s not covered anymore, as it wouldn’t be on a 3rd party vehicle if you were the owner. Do you just mean you can add as many of your own to the MID as you like?

500 quid still seems massively cheap for that level of cover though. Do you then have separate liability insurance and no contents/premises/etc. cover?