Motor Trade & Insurance: What’s changing and why it matters

The motor trade industry is evolving rapidly, rising used car sales, a surge in EV adoption, and an increasing shift to online vehicle purchases. But what does this mean for insurance?

Repair & maintenance on the rise

With consumers holding onto vehicles longer due to cost-of-living concerns, the demand for servicing and repairs is growing. Garages and workshops need tailored insurance that reflects these changes, ensuring they’re covered for evolving risks.

Tech is reshaping the sector

AI-driven diagnostics, predictive maintenance, and 3D-printed parts are becoming the norm. With innovation comes new risks, are motor trade businesses covered for cyber threats, equipment breakdowns, and liability shifts?

Skills shortages = increased risk

A predicted shortfall of 160,000 technicians over the next decade highlights the need for businesses to protect themselves against skill gaps, potential errors, and delays

Consumer expectations are changing

A rise in complaints to the Motor Ombudsman signals a growing demand for quality service. But what about insurance? The right cover ensures businesses can handle disputes, protect reputations, and stay resilient.

Insurance is more than just a policy, it’s about understanding the business, the risks, and ensuring security for the future.

If you’re in the motor trade and want clarity on your cover, let’s chat. No jargon, no sales pitch, just honest, expert advice.

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