The motor trade is one of the biggest and most successful sectors of the local economy. We love our cars here in NI and with such a significant portion of our population living rurally, we depend on cars to connect our communities, our businesses and our families.
The motor trade also relates to companies selling, leasing or repairing agricultural, construction and other commercial vehicles which keep our businesses moving. This sector is a vital part of the engine of local commerce and at McGrady Insurance we understand and respect the incredible work of the full variety of businesses operating in the motor trade.
What is motor trade insurance?
As such ‘motor trade’ covers such a wide variety of business types, motor trade insurance is also a broad field.
Our specialist motor trade insurance team deal offer packages such as
- Luxury car dealer insurance
- Used car dealer insurance
- Motor repair shop insurance
- Insurance for car leasing and car hire companies
- Vehicle recovery insurance
- Insurance for car accessory shops and custom modifications
- Commercial vehicle insurance
What does motor trade insurance cover?
Motor trade insurance can cover a wide range of risks presented by the sale, hire, repair, recovery or operation of vehicles.
This includes but isn’t limited to:
- Property / Business Interruption risks
- Road risks including load/hire and demonstration
- Liability insurance including defective workmanship
- Cash cover
- Engineering cover including inspections
- Legal Expenses
- Wrongful conversion
Who needs motor trade insurance?
Any company in the sale, hire, maintenance of vehicles or otherwise involved in the care, custody or control of vehicles should purchase motor trade insurance. The type of insurance products your business will need will be dependent upon the type of motor trade business you operate. For example, a private car motor dealer will require public indemnity insurance to cover risks associated with having members of the public on their property, as well as ‘trade plate insurance’ to cover the delivery of vehicles.
At McGrady Insurance, we have a specialist Motor Trade Insurance team who have years of experience dealing with every type of motor trade business. They understand this sector deeply and will be able to work with you to create a custom insurance and risk management package that will ensure your business is fully protected.
Bespoke policies can also be created to cover the unique risks your organisation faces based on any unique challenges your business faces.
Why choose McGrady for Motor Trade insurance?
A Trusted Partner
McGrady Insurance is part of Northern Ireland’s largest commercial insurance broker and risk management advisory and we are proud to call some of the country’s best-known motor trade businesses and most respected institutions our clients and partners.
Local Knowledge - National Buying Power
As a company native to Northern Ireland, we have detailed knowledge of the sometimes complex regulatory framework faced by companies based here. We have years of experience with cross-border claims for local companies operating across Northern Ireland, the Republic of Ireland, Great Britain and beyond.
McGrady is a part of Brown & Brown, Inc., a leading global insurance broking group, giving us access to a range of insurance products unavailable to many of our local competitors.
We pride ourselves on being a people-focused organisation and put our clients' needs at the centre of everything we do. We understand that every business is unique and your dedicated account manager will work hard to fully understand your needs before sourcing an insurance and risk solution that is customised to you.
An integrated solution
An important aspect of motor insurance is your risk management and mitigation strategies. As an insurance broker with an in-house risk management team, we will work with you to help you identify, understand and mitigate the unique risks your business faces and design a motor trade insurance policy that will cover the rest.