Skip to content

Motor trade insurance

Combined Motor Trade Insurance

one policy for the driving, the site, the stock and the people, rather than four separate ones

A single motor trade policy carrying road risk alongside premises, contents, stock in trade, tools and the liability sections. One renewal date, one claims record, and each section sized separately.

  • Premises, stock and liability
  • One renewal date
  • Forecourts, units and workshops
  • FCA authorised and regulated

Quick answerA combined motor trade policy puts the whole business inside one contract: the driving, the building, the tools, the vehicles held for sale and the liabilities that come with having people on site. The work is in sizing each section honestly, because an understated stock figure is the commonest problem in this trade. Tell us the site and the stock, and specialist UK brokers can quote.

No premises to insure? Our road risk motor trade insurance page covers the driving on its own.

At a glance

Combined Cover, in Brief

Six things that shape a policy carrying the whole business.

Stock is declared at a total value
Not vehicle by vehicle
Premises security is rated hard
Gates, alarms and key storage
Liability sections come with it
Public, products and employers
Tools usually carry a single item limit
Worth checking against your kit
Business interruption is available
For income lost after an event
One renewal for everything
Which is most of the practical gain

The basics

What Combining It All Puts on One Schedule

The road risk section is the same one a driving-only policy carries. What combined adds is everything that stands still: the building, the contents, the stock and the people who visit.

Road risk

The driving, as before.

Buildings and contents

Where you own or lease the site.

Stock in trade

Vehicles held for sale, at a declared value.

Tools and equipment

Usually with a per item limit.

Public and products liability

Customers and completed work.

Business interruption

Income lost while you cannot trade.

How it works

Four Steps to Getting Combined Quoted

Four questions cover most of it. The trade, the drivers, the premises and the vehicles, and the first of those does more to the price than the rest together.

  1. Describe the business

    Trade, premises and turnover.

  2. Describe the work

    Sales, repair, bodywork, testing or a mixed operation.

  3. Add the drivers

    Everybody who will be at the wheel.

  4. Read the terms

    Not just the premium at the bottom.

What it covers

How Each Section of a Combined Policy Behaves

Each section is sized separately and can be adjusted separately. The one that most often goes wrong is stock, because the value on the forecourt moves every week.

The sections a combined motor trade policy carries
SectionWhere it sitsWhat to know
Motor trade road riskThe base of the policyDriving vehicles that are not your own
Injury and damage to othersAll levelsThe part that cannot be removed
Theft of a customer vehicleMiddle level upwardsConditioned on how it is kept
Accidental damageComprehensiveTo the vehicle being driven or worked on
Products liabilityAlongside public liabilityHarm caused by work you have completed
Stock in tradeCombined policiesVehicles held for sale, declared
Money and glassCombined policiesSmall but frequently claimed sections

Stock is declared as a total, and totals drift. A figure set when the policy started can be well below what is standing outside by the summer, and the shortfall is yours.

What it leaves out

What a Combined Policy Still Leaves to You

What follows is not fine print for its own sake. These are the gaps that catch traders out, and most of them can be closed by declaring something at the quote.

Private vehicles not declared

The policy is written around trade use.

Journeys unconnected with the business

Declare social use if you need it.

Rectifying defective workmanship

The consequences may be covered; the rework is not.

Gradual wear

Components that simply fail with age.

Anyone not permitted to drive

Named or eligible drivers only.

Stock above the declared total value

A rising forecourt value needs reporting.

Sections available

Buildings, Stock, Tools and the Liability Sections

A combined policy is assembled rather than bought whole, so the sections you take should follow the shape of the business rather than a standard package.

Buildings

Where you own the premises.

Stock in trade

Vehicles held for sale.

Tools and machinery

Ramps, diagnostics and hand tools.

Employers liability

Normally needed once you have staff.

Public and products liability

Visitors and completed work.

Business interruption

Income while the site is out of use.

Selling from a forecourt? See forecourt trader insurance.

Who it suits

Businesses That Need More Than the Driving Covered

Once the business occupies a place, the place needs insuring, and doing it inside the trade policy is usually simpler than running two contracts.

Dealers with a forecourt

Stock standing outside.

Garages and workshops

Equipment and customer vehicles on site.

Testing stations

Fixed equipment and visiting public.

Bodyshops

Paint, plant and vehicles in progress.

Businesses with employees

Where employers liability is needed.

Traders storing stock

Compounds and rented units.

Running a workshop? See service and repair insurance.

One policy or several

One Combined Contract vs Several Separate Policies

You can insure the same things either way. The differences are in administration, in gaps between policies, and in who argues with whom after a claim.

A combined policy and a set of separate policies compared
CombinedSeparate policies
Renewal datesOneSeveral to track
Gaps between coversUnlikelyThe usual source of problems
Claims handlingOne insurerPossibly two disputing
FlexibilitySections adjusted togetherEach shopped separately

Comparing with general business cover? See commercial combined insurance.

Cost

What Sets the Price on a Combined Policy

Stock values, the premises and its security, turnover, staff numbers and the claims record. We do not print average premiums.

Why stock dominates

A forecourt of vehicles is the largest single value on most trade policies, and it is standing outside, which is why security around it is examined so closely.

Why the premises are surveyed

Insurers want to know what stops somebody driving stock off the site overnight, so gates, barriers, lighting, alarms and where the keys live all feed directly into the terms.

What the quote is rated on

The main factors

  • Stock valueThe total held at any timeBase
  • Premises and securitySite, gates, alarms and keysRate
  • TurnoverThe scale of tradingRate
  • StaffNumbers and rolesRate
  • Claims recordRecent years across sectionsAdjust
Security at the premises and key control both change the terms offered

Review stock values monthly

Forecourt totals drift upwards.

Invest in the perimeter

The least costly lever here.

Keep an equipment list

It speeds up any claim.

The details

Four Things a Combined Policy Expects of You

Conditions are where trade claims are won and lost. The four below come up repeatedly on a combined policy.

  1. Update the driver schedule

    Staff turnover is constant in this trade.

  2. Honour the premises conditions

    Locks, alarms and key control.

  3. Declare the real turnover

    It is one of the main rating factors.

  4. Report a rising stock value

    The declared total is what you are covered for.

Quote checklist

What a Broker Asks Before Quoting the Site

None of it is difficult to find. Having it to hand is the difference between a quick quote and a drawn-out one.

Trade description

Sales, repair, bodywork, testing or a mixed operation.

Turnover and stock values

What is held and what it is worth.

Driver details

Everyone, including occasional drivers.

Storage and security

Forecourt, secured compound, industrial unit or a workshop.

Cover required

The sections you actually need.

Previous claims

Declared even where small.

Comparing

Reading Two Quotes on the Premises Terms

Set two quotes for a combined policy side by side and work through this. The differences will be in here rather than in the premium.

Sections included

  • Road risk level
  • Public and employers liability limits
  • Premises and stock, if you need them

The conditions

  • Security required at the premises
  • Key storage requirements
  • Any limit on vehicles left outside

On this trade specifically

  • Stock in trade basis
  • Tools single item limit
  • Business interruption period

Ask how stock in trade is valued. Declared totals and day-one bases differ. Unfamiliar terms are explained in our plain English jargon guide.

Cutting costs

Bringing a Combined Premium Down Over Time

The levers are perimeter security, key control, accurate declarations and a clean record. We publish no savings figures.

Secure the perimeter

Gates and barriers before alarms.

Declare stock accurately

Under and over both cost you.

Control the keys

A locked cabinet, out of sight.

Add cameras

Recorded footage settles claims.

Maintain the equipment

Records support a claim.

Compare every renewal

Combined appetite shifts year to year.

Glossary

Combined Cover Terms, Explained

The words that come up once the premises are inside the policy.

Road risk cover
The core of any motor trade policy: driving other people’s vehicles.
Combined cover
Road risk with premises, contents, stock and liability added.
Trade plate use
Moving an untaxed vehicle under temporary plates for trade purposes.
Declared stock value
The total value of vehicles held for sale at any one time.
Custody
Holding somebody else’s vehicle, which trade cover is written around.
Demonstration
A customer driving a vehicle to decide whether to buy it.
Public liability limit
The most the policy pays for injury or damage to third parties.
Tools cover
A section for hand tools and equipment, usually with a single item limit.
Voluntary excess
An amount you choose to carry to reduce the premium.
Trade description
How the business is recorded on the policy, which decides what is covered.

Why MyMoneyComparison.com

Why Combined Policyholders Compare Through MyMoneyComparison.com

MyMoneyComparison.com is an FCA-authorised UK comparison service that introduces motor traders to specialist brokers. We do not sell insurance and we do not give advice: the broker you choose arranges the policy. Using us is free.

1

One form, one business

Describe the business once, instead of repeating yourself to each broker.

0

Advice given

We are an introducer, not a broker. We do not sell policies and we do not recommend one insurer or product over another. Read our editorial policy.

FCA

Authorised and regulated

MyMoneyComparison.com Ltd appears on the FCA register under FRN 916241.

2013

Incorporated

A UK company since 2013. FCA authorisation is separate and later; the register carries its date.

Read our customer reviewsSee what people say about us on Trustpilot

FAQs

Combined Motor Trade Insurance FAQs

Answers on stock values, premises security, business interruption and what to declare.

How is stock in trade valued?

Usually as a total value for all vehicles held at any one time rather than vehicle by vehicle. The figure needs reviewing, because a forecourt that was modest in January may be well above it by summer.

Do I need buildings cover if I rent?

Often not, because the landlord insures the structure. You still need contents, stock, tools and the liability sections, and it is worth checking what the lease actually requires of you.

What security will an insurer expect?

It varies with the stock value, but gates or barriers, lighting, an alarm and a locked key store come up on almost every quote. Higher values bring cameras and monitoring into the conversation.

Is business interruption worth taking?

If a fire would stop you trading for months, it is the section that keeps the business alive. Choose an indemnity period long enough to rebuild and reopen, not just to clear up.

Are tools covered for full value?

Usually up to a total, with a limit on any single item. Diagnostic equipment and ramps can exceed the single item figure, so list the expensive things rather than relying on the total.

Does combined include road risk?

Yes, it is built around the road risk section rather than replacing it. You get the driving cover plus everything else, on one schedule with one renewal date.

What happens if my stock exceeds the declared value?

You carry the difference. It is a common shortfall after a fire or a theft of several vehicles, and it is avoided simply by reviewing the figure through the year.

Can I insure two sites on one policy?

Yes, with each location listed and its own security described. Insurers rate sites separately, so a well-protected unit is not penalised by a weaker second yard.

Why will an ordinary policy not do?

Because it insures your vehicle rather than vehicles in your charge. The moment the business turns on handling somebody else’s car, a trade policy is the arrangement that responds.

What does combined cover add?

The premises, the contents, stock held for sale and the liabilities that come with having people on site. It is one policy rather than several, with one renewal date.

Do I need employers liability?

Normally, as soon as you employ anybody, with some exceptions for certain family-only businesses. It usually sits inside a combined policy rather than being bought separately.

How is turnover used?

It is one of the main rating factors, because it describes the scale of the business better than the number of vehicles does. Give a realistic figure; it is reviewed at renewal.

What about vehicles left outside overnight?

Some policies limit how many may be kept outside, or require them behind a barrier. It is worth checking, because it is a condition rather than a preference.

How should keys be secured?

In a locked cabinet away from the vehicles, and out of sight from any window. Key security is where trade theft claims are usually decided.

Is there a limit on vehicle value?

Policies generally set a maximum value for any single vehicle driven. A high-value car arriving for work can sit above it, so check the figure before the keys change hands.

Can cover be arranged quickly?

Usually within a day, and often the same afternoon. Delays almost always come from incomplete driver details rather than from the underwriting itself, so gather licence numbers and dates of birth before you start.

Ready when you are

Get the Whole Business on One Policy

Tell us the site, the stock and the staff. Specialist UK brokers can then come back with quotes. Free to use, with no obligation to buy.

  • Driving, premises, stock and liability together
  • Free to use, no obligation
  • FCA authorised and regulated

Free to use · No obligation · UK brokers

About this page

This page explains UK combined motor trade insurance: one policy carrying the driving, the buildings, the stock, the tools and the liabilities, and how the sections are sized. It is general information rather than advice. Policies differ between insurers, so read your own documents and put the questions raised here to your insurer or broker.

How we approached this page

  • Published UK motor trade policy summaries
  • Stock in trade values, premises security and liability sections
  • Financial Ombudsman material on motor insurance complaints