Why Choose Devitt for your Motorcycle Trade Insurance?
- We’ve been arranging insurance for bike dealerships in the UK for over 40 years, building solid relationships built on trust and excellent customer service. With Devitt you can rest assured that a member of our expert and reliable Motor Trade Insurance team will be ready to assist you, whether that be for a new competitive quote, a claim or adjusting your existing policy.
- For expert and friendly advice contact our Commercial Team today on 0345 504 0353
- Call today for a quote or advice on 0345 504 0353
Combined Motorcycle Trade Insurance
Motorcycle Trade Insurance is usually ‘combined’ which means it covers damage to property, stock and other assets, but also for any exposure for liability, such as risks to your employees or to your customers.
Our Combined Motorcycle Trade policies can include the following elements:
- Road risks – if you need to drive or ride vehicles that you don’t own, then you need road risk cover.
- Vehicle stock – if you have other vehicles on your premises, they need to be properly cover and will be with your policy.
- General stock – this is for any other stock that is stored at your premises, such as vehicle parts or tools. It’s important that any other high value items on your premises are disclosed during your quote, to make sure that you have the appropriate cover in place for your motor trade business.
- Premises – your premises insurance is included within your Motor Trade policy and looks after your trading premises. It will cover you against things such as flooding, fire and malicious damage.
- Employers’ Liability – this is an essential part of your Motor Trade policy if you have employees and it is a legal requirement. It protects you from claims made against your business for injury, loss or damage as a result any business negligence your part. The law states that you needs £10m Employer’s Liability cover, but is this sufficient for your motorcycle trade business, we will help you find out!
- Public Liability – this part of your Motor Trade policy and protects you from claims made by customers for injury, damage or loss, again that may have been due to any business negligence. We advise that you’ll need at least £5m worth of Public Liability cover. Especially, due to the new Ogden ruling, as it will apply to ongoing claims and therefore you must make sure that you have sufficient Public Liability cover, otherwise you could end up in trouble.
Devitt have been specialising in Motor Trade Insurance for over 40 years, we have a dedicated Commercial Insurance team, who know their stuff when it comes to business insurance, especially in the motorcycle and motor trade.
You will be assigned a dedicated Account Manager, who will know you by name, not a policy number. Customers stay with us or return to us based on the fact that they receive a personalised, hands-on customer service.
Only when something goes wrong, can you really appreciate how important it is to have a reliable and helpful motorcycle trade insurance provider, who can help you through the claim process, but also ensure that you have the proper cover in the first place!
The perils of under-insuring your bike business
If you under-insure your motor trade business you could find yourself in a lot of bother, should you need to make a claim.
For example, if you insure your building for £100k but it’s really worth £200k and it burns down; the loss adjuster from your underwriter comes in and says you are 50% under-insured, then you get 50% of what you insured it for in the first place, ie you’ll get 50% of £100k – this is seriousness of under-insurance.
You need to select a provider that pays close attention to your exact bike business requirements, such as Devitt, not a company that piles it high at a cheap rate.
If you’re concerned that your motor trade business is under-insured, pick up the phone to Devitt today and we will happily give you advice on how to make sure you’re covered… properly.
Choosing a motorcycle trade specialist is important
We’ve been arranging motor trade insurance for bike dealerships for over 40 years, so we know a thing or two about what can go wrong and we’ve made sure our policies protect you against these things.
For example, for any cars or vans owned by your motorcycle business, we pay out RETAIL price in a claim, not TRADE price. Many motor trade policies will only pay you TRADE price for your cars or vans in a claim, as they assume that you will get them for TRADE price, but when you’re a motorcycle dealership rather than a car or van trader, then it’s unlikely that you will get them at TRADE!
Motorcycle traders’ eBay shops
If you have an eBay shop as part of your motorcycle trade business then, once again, you need the correct cover in place.
If you’re exporting second hand parts to America for something that is safety critical, for example, then YOU are deemed as the manufacturer and if something goes wrong then YOU are liable.
Have your existing motorcycle trade insurance provider informed you of this, if not, then you need to check that you’re covered for this eventuality.
Business Interruption
If your bike dealership has to cease trading due to a fire for example, then Devitt will make sure you are properly covered for a sufficient amount of time for you to get back up and running.
Many motor trade insurance providers offer 12 months business interruption, this might be enough time to get the place trading again, but is it enough time to get all your customers back who have gone elsewhere? Does it give you enough time to bring your business back to the same levels of trading as you had?
Often that is not the case, once again, through our experience of working with Dealer Principles and owners, we know that additional business interruption cover is needed, hence why our motorcycle trade polices give you 18 months worth of business interruption cover compared the usual 12 months.
If you want a trusted and experienced provider to help to ensure that your motorbike dealerships is properly cover by it’s trade policy, then speak to our commercial insurance team today on 0345 504 0353.
