Outstanding Service & Professional Advice for the Motor Trades industry
Insurance for the motor trades industry can be complicated. That’s why we have put together a dedicated team of brokers that specialise in insurance for mechanics, smash repairers, auto electricians, engine re-conditioners, clutch and transmission specialists and parts wholesalers.
Through years of experience and claims management, our team has developed an understanding of the unique risks facing the motor trades industry. We have excellent relationships with insurers and detailed knowledge of the coverage afforded under their policy wordings.
Because we specialise in insurance for mechanics, smash repairers, and other motor trade industries, we have access to market leading rates and are confident we can reduce your insurance premium while providing a comprehensive motor trade policy.
We specialise in insurance solutions for the motor trades industry.
Cover
for faulty workmanship and resultant damage
Comprehensive
insurance while test driving customers’ vehicles
Professional
advice from experienced insurance brokers
Access
to market leading premiums
We
manage all claims on your behalf
Unique risks facing the motor trades industry
In addition to the usual risks facing most businesses (see our Business Insurance page for more details), there are some unique risks that need to be considered when designing an insurance package for mechanics, smash repairers, and other associated industries.
Broadly speaking, these risks can be split into:
Faulty Workmanship
The most common claim we manage for our motor trades clients is for rectification and resultant damage of faulty work. Let’s face it, mistakes are going to happen, especially when working on something as complex as an engine.
Standard liability policies exclude cover for any rectification of faulty work. This could leave your business exposed to significant costs in the event one of your employees makes a mistake.
However, there are liability policies specifically deigned for the motor trades industry that include a sub-limit of cover for rectification of faulty work.
Professional Indemnity
If your business issues road worthies, safety certificates or valuations you do have a professional indemnity exposure and need to make sure your insurance package includes cover for this.
Please refer to our Business Insurance page for more information about other areas of cover that will form part of your motor trades insurance package.
Not to sure what you’re covered for? Don’t put your business and your livelihood at risk. Call us today and we can conduct a comprehensive review of your insurance needs. Also, because we specialise in insurance for mechanics and smash repairers, we’re pretty confident we can reduce your insurance bill.
Customers Vehicles
As a mechanic or panel beater, accidental damage to one of your customers cars while at your workshop is a real risk.
Under a motor trades insurance policy, you can select to insure your customers vehicles while at your workshop.
Your insurance package can include cover for damage to customers vehicles while:
This is where things can get a little complicated, because depending on your policy wording and the circumstances of the claim, coverage crosses between different sections of your policy, or in some instances, you may find you don’t have any cover at all.
It’s best to have a chat about the coverage you require for your customers vehicles, and we can structure an insurance solution to meet your needs.
Insurance Tips and FAQ
Insurance Tip #1
Workplace injuries do happen. Have you considered insurance to cover fines and penalties involved with an OHS incident?
Insurance Tip #4
Insurer your contents and stock for full replacement value. All insurance policies contain an under-insurance clause which allows the insurer to reduce claim payments if you are not fully insured.
Insurance Tip #5
Review your business interruption sum insured. It’s a common mistake to calculate this incorrectly or not update sums insured over the years as your business grows.
Insurance Tip #6
Review your theft sum insured.. We’ve managed some pretty high value theft claims for our clients. Due to the value and size of some of your tools, it’s possible for a thief to get away with $30k worth of tools quickly.
Insurance Tip #2
Update business turnover. If your business has grown, your insurer needs to know. Under disclosing the size of your business will cause issues when / if you need to lodge a claim.
Insurance Tip #4
Insurer your contents and stock for full replacement value. All insurance policies contain an under-insurance clause which allows the insurer to reduce claim payments if you are not fully insured.
Insurance Tip #5
Review your business interruption sum insured. It’s a common mistake to calculate this incorrectly or not update sums insured over the years as your business grows.
Insurance Tip #6
Review your theft sum insured.. We’ve managed some pretty high value theft claims for our clients. Due to the value and size of some of your tools, it’s possible for a thief to get away with $30k worth of tools quickly.
Insurance Tip #3
When considering sums insured, image if a fire burnt your entire business to the ground. How much would you need to fit out your workshop and purchase new tools, equipment, and stock.
Insurance Tip #4
Insurer your contents and stock for full replacement value. All insurance policies contain an under-insurance clause which allows the insurer to reduce claim payments if you are not fully insured.
Insurance Tip #5
Review your business interruption sum insured. It’s a common mistake to calculate this incorrectly or not update sums insured over the years as your business grows.
Insurance Tip #6
Review your theft sum insured.. We’ve managed some pretty high value theft claims for our clients. Due to the value and size of some of your tools, it’s possible for a thief to get away with $30k worth of tools quickly.
frequently asked questions
What cover can I get for test driving customers vehicles?
Generally, there are three options when it comes to insuring customers vehicles.
A full comprehensive motor policy. Will respond like a traditional comprehensive motor policy and pick up cover for customers vehicles while test driving or in your control at the workshop for perils such as Storm, Flood, Fire and Malicious damage.
A test-driving cover only. This policy will only respond for accidental damage while your customers vehicle is being test driven on a public road. This will not respond to any claims while the vehicle is parked at your workshop.
A driving extension on your liability policy. Will respond only if you are test driving a customer’s vehicle and you are at fault for the accident.
What happens if a customer’s vehicle is stolen from my workshop?
You can select to include cover for theft of customers vehicles, however there are a few conditions to the coverage. These include:
What kind of work is generally excluded from a public liability policy?
There are several general exclusions in a standard public liability policy, these include the following:
If you do work on any of the above equipment, we will need to approached specialty insurers to obtain coverage.
How do I lodge a claim?
We are here to help.
We manage all claims and negotiate on your behalf to get the best outcome possible. We strive to make the claims process simple and hassle-free.
Please call us on 1300 167 143 and we can the claim process started for you.
Need Help!
No matter what stage you’re at, If you need to discuss your insurance with a professional broker nearby, give us a call today and we’ll be happy to answer any questions.
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This advice has been prepared without taking into account your personal objectives, financial situation or needs. You should, therefore, consider the appropriateness of the advice, in light of your objectives, financial situation or needs before following the advice. Please obtain a copy of and consider the Product Disclosure Statement (PDS) applicable to the general insurance product before making any decision.