Talk to an insurance broker

1300 674 771

Full Business package for Motor and Caravan
Dealerships including agricultural and machinery dealers

How would you manage if your stock, equipment, or even your premises were badly damaged or destroyed. Would you be able to continue running your business? Would you be able to recover from the financial loss?

Covers available are:

We understand that every motor dealership is different, therefore every insurance policy should be flexible to reflect that difference. We have a policy that gives you the flexibility to choose the insurance solution that’s right for you.

Our Dealership policy will cover:

  • Motor Vehicle Stock Cover – for loss or damage to vehicles.
  • Motor Vehicles away from premises – delivery of vehicles, test driving, staff drivers, loan cars, etc…
  • Contents Insurance – to cover the contents of buildings including equipment and furnishings.
  • Full Business package for Motor, Caravan, Agricultural and Machinery Dealership.
  • Liability Insurance – from public, management, errors & omissions, tax audit.
  • Flood Insurance – covering your stock and property against devastating acts of god.
  • Theft – motor vehicle, parts, money,fidelty, contents and staff.
  • Impact

MAKE AN ENQUIRY

Call 1300 674 771

Motor Dealer Insurance FAQ’S

What is liability insurance and why do I need it

Liability Insurance protects you against financial loss if your actions, your negligence or the condition of your property or nature of your product/s is found to cause a person to be injured or killed, or a person's property to be damaged or destroyed or they suffer loss as a result of relying on your services or advice.

For example, public liability insurance can provide protection if:

  • A customer trips over a tool on the workshop floor and fractures their wrist.
  • A courier slips on a patch of oil and fractures a leg or back/head injury their ankle.
  • An employee damages the paintwork on a customer’s car with a tool.

Why do I need an insurance broker, why not just go direct?

Insurance brokers are insurance professionals who can act independently of insurers. They provide advice and arrange appropriate cover for you through one or more insurance companies.When an insurance broker acts for you, its role is to thoroughly assess your situation, and develop an insurance package to suit your needs and protect your assets. This package may combine products from a range of insurers, or just one, depending on your needs.Insurance brokers deal with the insurer on your behalf, and take responsibility for keeping you informed, up to date, and covered. An insurance broker will also often have access to a number of specialised insurance companies that won’t deal with the public.

What is Business Interruption?

Covers businesses that suffer a loss because they cannot trade for a period of time due to loss or damage from a weather event, flood where elected by you fire or other insured damage events. Examples include:

  • September 2017 power blackouts in South Australia
  • September 1998 Victorian gas outage
  • Regular floods and cyclones in Queensland
  • electrical power boards or gas containers causing explosion or fire
  • storm or cyclone destroying buildings, vehicles, signage, roofing
  • loss external to your business involving power, gas, roads etc

What is underinsurance?

It is estimated that 70 to 80 per cent of businesses are underinsured. The issue with underinsurance is that if you insure a building with a replacement cost of $500,000 but for only $250,000, this is only 50% of the true value and will mean that the premium is less. If you then made a claim for say damage to the roof and the claim was $100,000, the insurance company determine the underinsurance and will only respond based on your % of underinsurance, ie 50%- saving a few dollars on premium will be a catastrophe at time of a claim.

Examples of where underinsurance might happen:

  • Some businesses try to save on their premium costs by insuring only a percentage of the replacement value.
  • Some businesses fail to update their policies when the business is growing, expanding the premises, buying new equipment or diversifying the product range.
  • Assets appreciate in value. The repurchase of equipment or stock costs and replacement of building costs is much more a few years later and you could be easily caught out.

Saving a few dollars on your premium could be devastating to your business in the long run.

Backed by Mainstay Underwriting, Coverholder at Lloyd’s of London