Quotes from a panel of insurance providers
What Is MOT Garage Insurance?
MOT garage insurance is a comprehensive insurance policy designed specifically for businesses that provide MOT testing services and other related automotive work. These businesses face unique risks, so a tailored policy with advice from an insurance broker is very useful. This insurance can include various types of coverage, such as road risk insurance, combined cover, employer’s liability, public liability, stock protection, tools, and premises coverage.
Why Do You Need MOT Garage Insurance?
Running an MOT station requires more than just basic motor trade insurance. As a licensed MOT operator, you’re responsible for ensuring vehicles meet legal standards, and this brings additional risksᅳespecially the potential loss of your MOT license. Protecting your business from such specific risks ensures continuity and safeguards against unexpected financial setbacks.
How to Find the Right Cover with Quote Goat
At Quote Goat, we understand that managing an MOT garage comes with tight schedules and the need for cost-effective solutions. That’s why we’ve streamlined the process of finding insurance. By filling out a single quote form, we send your details to a panel of specialist insurance providers. These providers are experts in motor trade and MOT garage insurance, and they will compete to offer you the best deal.
Our approach ensures you receive tailored quotes quickly and easily, saving you both time and money. You also benefit from working with specialists who understand the unique needs of MOT garages and can help you get the coverage that fits your business perfectly.
What Does MOT Garage Insurance Cover?
Every MOT business is different, so your insurance should be tailored to fit your specific needs. When working with our expert providers, you’ll have access to a variety of cover options, including:
Road Risks Insurance: This covers your garage’s vehicles and any customer vehicles while they are being worked on or test-driven for business purposes. You can choose between three levels of coverᅳThird Party Only, Third Party Fire & Theft, and Fully Comprehensive. Smaller MOT businesses or part-time motor traders often opt for this cover.
Combined Insurance: This type of cover goes beyond road risks and includes additional protections like public liability insurance, employer’s liability (required by law if you have staff), business interruption, stock cover, professional indemnity, and more. Combined insurance is ideal for larger garages that need extensive protection for their premises, tools, and employees.
Additional Cover Options
Employer’s Liability: If you have staff, this is a legal requirement. It covers your business in case an employee gets injured or falls ill as a result of working at your MOT garage.
Public Liability Insurance: Protects your business if a member of the public is injured or their property is damaged due to your business operations.
Tools and Stock Cover: Safeguards your essential tools and any stock you hold, such as spare parts, from damage or theft.
Business Interruption Insurance: Provides financial compensation if your garage has to close temporarily due to unforeseen events, ensuring that your income is protected during the downtime.
How to Get the Right Type of MOT Station Insurance
No two MOT businesses are the same, so the best way to determine the coverage you need is by completing the quote form and discussing your options with an expert adviser. They will help identify the right combination of covers based on the size of your business, the services you provide, and the specific risks you face.
Tips for Getting Cheaper MOT Garage Insurance
One of the easiest ways to save on your insurance is to compare insurance quotes for your business every year when it’s time for renewal. This ensures you’re always getting the best rate for your coverage needs. Additionally, be mindful of who you add to your policyᅳemployees with driving convictions, for example, can increase your premium, so limiting the number of named drivers may help reduce costs.
Extra Ways to Save as an MOT Garage Owner
Beyond finding a competitive insurance quote, MOT garages can often save money by comparing other essential business expenses. For example, energy costs can be a significant overhead, especially in garages that rely on equipment and lighting throughout the day. The average UK business can save over £900 per year by comparing business energy rates. To explore this option, fill out our business energy comparison form to see how much you could save.
Frequently Asked Questions
Is employer’s liability insurance mandatory for MOT garages?
Yes, if you have employees, employer’s liability insurance is legally required in the UK. This covers your business in case an employee suffers injury or illness due to their work. Without this, you could face hefty fines.
Do I need cover for loss of my MOT license?
Yes, some MOT garage insurance policies offer loss of MOT license cover. This helps protect you financially if your MOT license is revoked or suspended due to regulatory issues, ensuring you’re not left without income while you resolve the situation.
Can I add tools and equipment to my MOT garage insurance?
Yes, generally you can include tools and equipment cover as part of your MOT garage insurance policy. This protects the essential tools and machinery your business relies on from theft, loss, or damage.
What is business interruption insurance, and do I need it?
Business interruption insurance covers loss of income if your MOT garage has to temporarily close due to unforeseen events, like a fire or flood. It ensures that your overheads are covered and your business can recover financially during the downtime.
How much does MOT garage insurance typically cost?
The cost of MOT garage insurance depends on several factors, including the size of your garage, the number of vehicles you handle, the coverage types you choose, and your claims history. Comparing quotes from multiple providers is the best way to ensure you get the best deal for your specific needs.
