Lloyds Of London Motor Trade Insurance – A Comprehensive Guide

What Is Motor Trade Insurance?

Motor trade insurance is a type of cover designed to protect businesses that deal with vehicles in some form. This could include car sales, repair, servicing, and valeting. It is designed to cover the risks associated with running a business in the motor industry, and can be a legal requirement for anyone operating in this sector. As with any type of insurance, it is essential to ensure your policy meets your business needs, and that it is tailored to your business and the type of work you undertake.

Why Choose Lloyds Of London Motor Trade Insurance?

Lloyds of London is one of the most respected and trusted names in the insurance industry, and it is no surprise that many motor traders choose to take out a policy with them. The key benefits of taking out a policy with Lloyds include:

A wide range of policies – Lloyds offers a wide range of policies, so you can be sure that you will find one that meets your business needs.
Competitive prices – Lloyds is renowned for providing competitively priced policies.
High quality cover – All policies are designed to provide comprehensive cover, ensuring you are fully protected.
Excellent customer service – Lloyds is known for providing excellent customer service, so you can be sure that you will receive help and support when you need it.
Quick and easy to arrange – Lloyds makes it quick and easy to arrange your motor trade insurance policy.

What Does Lloyds Of London Motor Trade Insurance Cover?

The exact cover provided by a Lloyds motor trade insurance policy will depend on the type of policy you take out, but generally speaking, the policy will include the following:

Road risk cover – This covers the risks associated with driving vehicles on the road, such as accidents and theft.
Public and product liability cover – This covers the costs of any compensation claims made against you as a result of injury or damage caused by your business.
Employee cover – This covers the costs of any compensation claims made against you by your employees.
Tools and equipment cover – This covers the costs of replacing any tools and equipment that are stolen or damaged.
Business interruption cover – This covers the costs of any lost income if your business is unable to operate due to unforeseen circumstances.

How Much Does Lloyds Of London Motor Trade Insurance Cost?

The cost of a Lloyds motor trade insurance policy will depend on a number of factors, including the type of cover you require and the size of your business. However, Lloyds is generally considered to be one of the most competitive providers in the market, so you can be sure you will get a good deal.

What Is The Claims Process For Lloyds Of London Motor Trade Insurance?

The claims process for Lloyds motor trade insurance is straightforward and easy to follow. When you make a claim, you will need to provide details of the incident, including any evidence you have to support your claim, and then submit your claim form. Once your claim has been received, it will be assessed and a decision will be made as to whether your claim is valid and you will be notified of the outcome.