Breakdown Recovery Insurance
When you run a breakdown and recovery company, you deal with a multitude of vehicles from cars and vans to motorbikes and lorries. Protecting both your own specialist vehicles and those belonging to your customers is imperative if you are to be a successful business. Breakdown and recovery agent insurance is the best way to mitigate the risks associated with running such a company.
What You Need to Know About Breakdown Recovery Insurance
Breaking down is one of the worst things that can happen to a motorist. Being stuck somewhere unfamiliar in the middle of the night can be incredibly stressful, and you as a breakdown and recovery agent are relied upon by drivers to help them in their time of need. However, it is not just a customer’s car that needs to be looked after, your own specialist vehicles are incredibly valuable and need to be insured as such. Also, running any business that has a bricks and mortar premises will need to have that protected as well.
With GoMotorTrade, you will be given quotes from a panel of insurers that works exclusively with motor trade businesses and who understand the unique risks that you face on a daily basis. Whatever the size of your breakdown company – from a small one man job to a large scale national company – you can design a policy that works for your business. There are many levels of cover you can choose from, each offering wide-ranging policies that cover a whole range of situations
Features of Breakdown Recovery Insurance
There are many considerations when it comes to defining the features of your insurance policy. You can get breakdown recovery insurance as part of road risks only cover or as part of your overarching business premises insurance. You can also find cover if you operate as a mobile recovery business. Some of the features you should consider are:
Road Risk Cover
This insures you to drive customer vehicles as well as ones owned by your company. You can choose from three levels of road risk cover: third party only, third party, fire and theft, or fully comprehensive cover. This is a very important part of your overall cover as you will be expected to take the utmost care of all vehicles you work with.
Liability Cover
You need to have employers’ liability cover by law, as it protects your employees should they suffer an injury or illness on your premises or as a result of working for you. Similarly, but not required by law, is public liability cover which protects customers and mempers of the public in the same way.
Business Premises Insurance
You can cover your building and contents so that they are protected against damage (such as a fire, flood, or storm), as well as theft and vandalism. The building and its equipment/machinery is obviously of massive value to your business and the costs of repairing or replacing elements that have been damaged or destroyed can be huge.
Specialist Vehicle Cover
If you work for a breakdown recovery company that deals with specialist vehiles, like HGVs or motorhomes, you might want to look into specialist vehicle insurance. The risk of working with this vehicles is that you will not be able to fix them by the roadside, or that you might require specialist equipment; and the costs of putting right any potential damage might be extensive.