Trade on the Hub

Complex Product

Motor Trade One NEW

We have over 100 years’ experience in underwriting motor trade risks and we understand the needs of our motor trade customers. Our new all-encompassing Motor Trade One policy now covers Premises and Road Risks under one contract to meet all your motor trade needs.

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Why choose NIG for Motor Trade?

Please note the associated Policy Documents apply to New Business policies incepted on or after the 10 December 2018

Here's why....

Single policy designed for all Motor Traders’ requirements
Instant documentation
Access to local Motor Trade underwriting experts
Cover for Premises and Road Risks all under one contract
Statement of fact basis – no need for a proposal form
Inclusion of new cover and policy extensions for example Exhibition cover
Enhanced policy limits under Material Damage, Business Interruption and other sections
A-rated insurer (A Standard and Poor's and A1 Moody's)

Features

Uninsured Loss Recovery under Road Risks as standard
Motor vehicle lock replacement £50,000
Loss of use £50,000
New replacement vehicle (Insured’s vehicle)
Financial loss (new and used vehicles)
Loss of metered water £25,000
Capital additions £1,000,000
Exhibition cover £500,000
Seasonal increase 30% (Insured’s vehicles)
Unauthorised use of gas, water or electricity £25,000
Loss by fraud, trick or pretence £25,000
Embedded Engineering cover
Embedded Legal Expenses cover
No Claims Discount (NCD) scale available under Road Risks
Credit facilities available

WHAT'S COVERED

STANDARD COVERS

Material Damage - all risks including full theft cover
Business Interruption
Terrorism cover
Goods in Transit
Loss of Business Money and Personal Assault
Personal Accident
Employers’ Liability
Public Liability
Defective Workmanship/Sales Indemnity
Legal Expenses
Wrongful Conversion
Engineering cover
Computer cover
Road Risks cover
Fidelity Guarantee

OPTIONAL COVERS

MOT Loss of Licence
Unaccompanied Demonstration
Loan & Hire
Flat Rated Engineering Inspection cover
Cyber cover