This ensures seamless cover for all unique requirements - whether you operate a fitment centre, auction house, body repair shop, or classic car restoration business.
The motor trade has a unique risk profile - vehicles, stock, equipment, and liabilities all require specialist cover. Our well-structured motor traders policy addresses all of these areas, giving you confidence to run your business with peace of mind.
Theft cover specifically designed for Motor Trade businesses, with varied options to cover such as Theft of parts, Theft of vehicle, Theft by trickery and false pretence & Theft first loss
Cover for vehicles being driven in the course of your trade, including test drives and delivery movements.
Protection for vehicles held on your premises, whether for sale, repair, or storage.
Cover for the specialist tools and equipment that keep your workshop running.
Protection for claims arising from your work, your premises, or the products you supply.
Cover for lost income if your operation is disrupted by an insured event.
Protection for cash on your premises or in transit.
Cover for claims from employees injured or made ill in the course of their work.
We also offer several tailor-made extensions for the motor trade industry.
Motor traders insurance is designed for any individual or business that buys, sells, repairs, services, or otherwise works with vehicles as part of their trade. This includes new and used car dealerships, vehicle repair and panel beating workshops, tyre and fitment centres, vehicle auction houses, car rental companies, classic and vintage car restorers, and part-time motor traders who buy and sell vehicles alongside other business activities. If vehicles are central to your business in any way, a standard commercial policy will not adequately cover the unique risks you face.
Our motor traders insurance solutions are suitable for small owner-managed operations right through to large dealership groups with multiple premises and significant vehicle stock. The motor trade has a risk profile unlike almost any other industry - combining the risks of a retail business, a workshop, a storage facility, and a fleet operator all in one. Our well-structured motor traders cover is designed to address all of these exposures in a single, comprehensive policy that gives you the confidence to run your business without worrying about what happens when things go wrong.
Get in touch with our team and tell us about your motor trade business, your premises, your stock, and the day-to-day risks your operation faces. The more we understand your requirements, the better we can tailor motor traders insurance cover that actually fits.
Our specialist brokers go to market on your behalf, comparing motor traders insurance options across a panel of leading insurers to find the most appropriate cover at the most competitive premium for your specific motor trade risk profile.
Once your motor traders insurance cover is in place, our relationship doesn't end there. We're here to help with policy queries, renewals, and to guide you through the claims process if and when you need us most.
Motor traders insurance is a specialist commercial insurance product designed for businesses that buy, sell, repair, service, or otherwise work with or on vehicles as part of their trade. It covers a wide range of risks unique to the motor trade, including road risks for vehicles being driven in the course of business, premises and stock cover for vehicles held on your property, or in your care and custody, tools and equipment, public and products liability, business interruption, employer's liability, and money cover. A well-structured motor traders policy addresses all of these exposures in a single comprehensive policy tailored to the motor trade.
Motor traders external insurance, sometimes referred to as external cover or road risk insurance, is the component of a motor traders policy that covers vehicles being driven on public roads in the course of your trade. This includes vehicles being test driven by potential buyers, vehicles being moved between your premises and a customer, and vehicles being collected or delivered as part of a repair or service. Without motor traders external insurance, driving customer vehicles or trade vehicles on public roads is not covered by a standard motor policy, making it an essential element of any motor trade insurance programme.
Motor trade road risk insurance covers you and your authorised drivers to drive vehicles in connection with your motor trade business on public roads. It is the foundation of any motor traders insurance policy and is required by law for any vehicle being driven on a public road in South Africa. Road risk cover can be arranged on a third-party only, third-party fire and theft, or comprehensive basis, and can be extended to cover customers' vehicles left in your care for service or repair.
Motor traders insurance is designed for any individual or business involved in the motor trade, including new and used car dealerships, vehicle repair and panel beating workshops, tyre and fitment centres, vehicle auction houses, car rental companies, classic and vintage car restorers, and part-time motor traders who buy and sell vehicles as a secondary activity. If vehicles are central to your business in any way — whether you are buying and selling them, repairing them, or storing them on behalf of customers — a standard commercial policy will not adequately cover your risks.
Yes. A comprehensive motor traders insurance policy can be structured to cover customers' vehicles that are left with you for service, repair, or storage. This is known as customers' vehicles that are in your care, custody, and control. It protects you against claims from customers whose vehicles are damaged, stolen, or involved in an accident while in your possession. Given that a motor trade business regularly has high-value vehicles on its premises belonging to customers, this is an important element of cover that should not be overlooked.
Yes. Tools and equipment cover is typically included as part of a comprehensive motor traders insurance policy. It covers the specialist tools, diagnostic equipment, and other workshop equipment that your business relies on to operate. Given the high value of modern automotive diagnostic and repair equipment, making sure your tools and equipment are adequately insured is an important part of protecting your motor trade business against financial loss.
Standard commercial vehicle insurance covers specific named vehicles against defined risks such as accident damage, theft, and third-party liability. Motor traders insurance is a much broader product designed specifically for the motor trade industry — it covers any vehicle in your care, custody, or control on a blanket basis rather than requiring each vehicle to be individually listed. It also covers the unique risks of a motor trade business such as road risks, customers' vehicles, stock, tools, premises, and trade-specific liabilities that standard commercial insurance simply does not address.
Look for a specialist insurance broker with specific experience in the motor trade sector who understands the unique risk profile of your type of business — whether you are a dealership, a workshop, an auction house, or a part-time trader. A specialist motor traders insurance broker will be able to structure a policy that covers all aspects of your operation correctly, rather than piecing together standard commercial covers that leave gaps. Econorisk has expertise in motor traders insurance and works on your behalf to find the most appropriate and competitive cover for your specific motor trade operation.
Get in touch with our specialist team today and let us find the right motor traders insurance cover for your operation.
