Mechanics Insurance Policies
If you run a motor trade or mechanics business or you’re just a self-employed mechanic as a one man business then you will have very unique insurance needs. Unlike many other companies around you, it’s not enough to have some basic equipment and liability insurance.
When you are entrusted with other people’s property and your staff are potentially exposed to significant health risks, then you have to make sure that you have a mechanics insurance policy that protects all financial risks.
At Aspire Insurance Solutions we have specialised commercial insurance representatives with expertise in the motor trade industry. If you want to take advantage of this expertise through free advice and extremely competitive quotes then contact us today on 1300 886 781, or use the contact form on this page.
Unique Risks In The Mechanics Industry
The reason the motor mechanical industry requires highly specialised insurance policies is because of the very unique risks you can be exposed to. Over many years of dealing with businesses of all sizes, we have encountered countless claims situations.
Here are a few that could cripple a business if they are not specifically and fully protected by your policy.
Customer Vehicle Damage
No matter how careful you or your staff are, sometimes accidents happen or machinery fails. If this results in significant damage to your customer’s car, then you will be on the hook for rectifying that problem.
This can commonly happen when some heavy equipment slips and falls on the car or some mechanical liquids spill into the interior. Or, you might be taking a repaired vehicle for a test drive once you’ve finished a job.
The more expensive the car is the higher the financial risk you’re exposed to.
Hazardous Material Exposure
Even in the best ventilated workshop with extensive health and safety precautions, you and your staff will be exposed to hazardous materials. Engine exhausts are the obvious, but there are numerous different forms of oil and chemicals that you can become exposed to as well.
Many of these can have serious impacts on the skin and eyes, leaving you open to significant liability.
A mechanics workshop is full of heavy machinery and power tools. The unfortunate reality is that no matter how well your health and safety precautions are, sometimes accidents will happen.
Whether it’s due to negligence or physical failure, such injuries can be very serious and expose you to compensation claims that could ruin your business.
At Aspire Insurance Solutions we have dealt with both large motor businesses and sole traders for many years. And this has allowed us to create a highly tailored service.
Quality Advice You Can Trust
Even within the motor trade industry there can be subtle differences in cover needed. For example, mobile mechanic insurance will need to cover things like equipment outside the workshop and even towing a customer or test driving a customer car.
At Aspire Insurance Solutions we have the experience to fully understand your business and industry and make sure you get the best advice to fully protect your financial interests.
Face To Face Service
Getting the best possible insurance policy and financial protection is not something you should take light hearted. There are many products available online, but unless you’re an expert on policy wording you could end up not being fully covered.
That’s why our service is tailored around face to face contact which allows us to get all the details of your business and you gain from a full explanation of what cover is best and which products will provide them.
Expert Claims Handling With 24/7 Support
Setting up an insurance claim is a time consuming and often stressful situation. You’re possibly facing large financial bills and want to make sure you keep your business running smoothly.
These are not times to spend on the phone to figure out what you need to submit in order to process your claims. That’s why we offer all clients 24/7 claims support that will take care of the majority of this work.
Annual Cover Review For The Best Premiums
Just like other financial industries, there are constantly new products emerging in the insurance world. These often adapt to changes in the motor industry as well as bringing innovative new ways to maximise your cover.
When it comes to your insurance renewal we do a full review to identify better products and premiums for you. To do this yourself is very time consuming, and many people end up leaving it too late.
To take advantage of all these services, just speak to one of our commercial insurance representatives on 1300 886 781 or use the contact form on this page. You will receive completely free advice and a no obligation competitive quote.
How To Value Your Property
One of the most important things to get right when you’re setting up your commercial insurance policy is to get your valuations right. This is as important for your building cover as it is for all the contents like machinery and equipment.
Many people are tempted into understating these values in an attempt to reduce their premium. However, this will expose you to significant financial risks as you’re technically underinsured. This can result in claim payments being reduced below what you would be expecting leaving you open to financial losses.
To make sure you don’t end up in such a situation talk to an expert insurance representative at Aspire today. We can help you get your valuations right and still provide you with the most competitive premiums.
What Does Mechanic Insurance Cover?
Whether it’s a self-employed mechanic insurance policy or one for a larger business with multiple staff members, there are certain things you always want to make sure are covered:
- Fire and flood damage
- Flood ( Flood Is An Option You Have To Choose And Is Not Automatically Covered )
- Cover for machinery, fixtures and fittings
- Machinery breakdown
- Liability for test driving of third party vehicles
- Business interruption protection
- Cash stolen on premises or to/from the bank
- Breakage of internal and external glass
- Burglary and theft of your property and customer cars
- Public & product liability – compulsory for you and the landlord requires all tenants to have this
- Management Liability
- Cyber Insurance
- Workers Compensation
Contact Us Today
If you have any concerns about your existing policy and the level of cover it provides, or your policy is coming up for renewal, then make sure you contact us today on 1300 886 781.
You will receive expert advice for free and all our quotes have no strings attached. But we are certain that our quoted premiums are the most competitive on the market and that you will find the advice and cover you receive will give you full peace of mind.