The sale, maintenance, repair and recovery of vehicles brings with it a wide variety of risks but as margins in the industry continue to be squeezed the potential impact of accidents, claims or uninsured exposures gets greater. Whether as a multi franchise group or small accident repairer, the need for effective insurance and risk management that makes financial sense has never been greater.
From Road Risks insurance on vehicles to Professional Indemnity for financial product sales. From site security to employee safety. No matter what the risk or insurance issue, Belmont International have the experience and knowledge required to tailor solutions to your needs.
The Motor Trade Sector right now
UK insurers continue to adapt their motor trade insurance services although most product launches differ little from the one before. All too often the aim is to reduce the cost of delivery and not cover enhancement. For larger dealerships and groups renewed interest from one or two key insurers has seen increased competition at a time when most insurers want to see premiums increase. In both areas the danger is that people often focus on cost and not cover and the product and insurer attitudes are varied enough to warrant advice from experts, guaranteeing right cover, right service and right price.
Types of Motor Trade Insurance
No two companies in the motor trade sector are identical. Location, vehicle types, whether a small used car sales outlet or multi franchise dealer group, the range of insurance needed are very similar, the science is in how you select, adapt and use that insurance. At Belmont International we tailor each solution to your specific needs. Examples of the key insurances usually catered for include:
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Road Risk/Motor cover for cars owned, sold or maintained.
- Property and Business Interruption for your premises.
- Employers’, Public and Product Liability.
- Service Indemnity for work carried out on vehicles.
- Professional Indemnity for the sale of financial products.
- Goods in Transit for parts and vehicles carried.