Given the high value product that drives through its doors daily, the motor vehicle industry needs an insurance solution designed for its unique needs. Compendium’s highly customisable motor traders insurance fills this vital function – helping to guard against financial risks in the event of
vehicle damage or loss.
This specialist insurance is designed specifically for members of the motor trade industry – such as car dealerships and motor repairers – and extends to cover damage to customers’ vehicles, either at or away from your premises.
Cover is available as follows:
Motor traders internal risks: For vehicles whilst at the insured’s premises.
Motor traders external risks: For vehicles whilst they are on the road or temporarily garaged elsewhere.
It is important to select a limit of indemnity to cater for the value of the most expensive vehicle in your custody or control