Motor Trade Industry Insurance

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TEXT: Spotlight on Travelers Motor Trade
Overview of Travelers Motor Trade Insurance
Clive Lloyd, Motor Trade Portfolio Manager.

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CLIVE LLOYD : Travelers has extensive experience providing solutions for motor trade businesses of all sizes, from small, family-run companies through to mid-market and larger, corporate operators. Our comprehensive understanding of the sector means that we provide essential covers that give motor traders reassurance and confidence in their commercial activities. Travelers’ products include a full range of property, casualty, and motor covers, and we can also provide bespoke programmes, and large limits, for corporate businesses that require a different approach, tailored to their unique needs.

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TEXT: Why does a business need this insurance?
Activities may include: 
Vehicle sales
Mechanical repairs, servicing and maintenance
Body repairs
Commercial vehicle body building

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Motor traders’ activities are broad and diverse, meaning that their exposures are too.
These diverse activities carry different risks, and their cover needs to respond to exposures such as the use of heat and processes using flammable liquids, working at height, manual handling, vehicles’ security, and spray painting, to name just a few. In addition, motor traders are required to drive a range of vehicles within their care. This may include test drives, demos, collecting or returning a vehicle to a customer as well as driving their own vehicles.
Travelers understands the complex nature of the activities and the exposures in this sector. Our motor trade products provide all the relevant covers necessary to enable motor traders to carry out their business activities effectively and safely. Businesses also need to protect themselves for their legal liability towards employees and the public. Their employees undertake many different processes that can lead to injury, disease or long-term health conditions. Similarly, their customers and the public can be impacted when a business carries out its regular activities. Travelers can provide Employers’ Liability, Public and Products Liability and Servicing Indemnity to protect the insured for their legal liability.

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TEXT: To protect insureds: we provide: 
Employers’ Liability Public
Products Liability
Servicing Indemnity

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TEXT: Who is this product for?

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Our motor trade products are designed for a range of businesses. Specifically, those involved in the sales, servicing, and maintenance of vehicles, including conversion and bodybuilders of commercial vehicles. For full-time motor traders operating from bonafide garage premises and requiring property, casualty and motor covers, we have a specialist offering.

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TEXT: Backed by a dedicated, award-winning claims team to deliver a specialist proposition.

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We can provide bespoke, non-conventional programmes for large corporate businesses, tailored for their specific needs. This is supported by our claims relationship managers and risk control team that, when combined with our underwriting solutions, delivers a specialist proposition.

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TEXT: Why Travelers?

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We provide a free Proactive Rehabilitation Service to support employees when injured at work, to hasten their recovery.

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TEXT: Free Proactive Rehabilitation Service for injured workers

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And if our insured companies need risk management training for their staff, we’ve got that covered too, with access to our partners at Cardinus Risk Management, which comes as standard at no cost to our motor trade customers. Our specialist underwriters are based regionally throughout the UK and Ireland and provide a local presence so that you can talk to people directly who understand the needs, challenges and exposures facing this trade sector.

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TEXT: Regional underwriters based at offices in:
London
Dublin
Glasgow
Birmingham
Manchester
Leeds
Redhill 

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And our risk control and claims professionals have a deep understanding of the sector and provide the support that’s required to meet the challenges facing a constantly changing industry. The industry is experiencing significant technological advances. From evolving alternative fuel vehicles to advanced driver assistance systems that improve driving safety; and autonomous vehicle technology that will lead to self-driving vehicles. Ultimately, Travelers recognises the rapidly evolving landscape that motor traders face. We work in partnership with brokers and our products are designed to enable businesses to carry out their activities knowing that their everyday risks are covered.

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TEXT: This video is provided for general informational purposes only. It does not, and it is not intended to, provide legal, technical or other professional advice, nor does it amend, or otherwise affect, the provisions or coverages of any insurance policy issued by Travelers. 
Travelers operates through several underwriting entities in the UK and Europe. Please consult your policy documentation or visit the websites below for full information.
travelers.co.uk travelers.ie