Written by Michael Foote, Insurance Expert
Stock and equipment represent a major investment for tyre fitters. From vehicle lifts and balancing machines to large volumes of tyres in storage, losing these assets could disrupt your business significantly. That’s why most policies include contents and stock cover as part of a combined motor trade insurance package.
This insures against risks like fire, theft, and accidental damage. The key is setting an accurate sum insured based on the full replacement cost of your stock and equipment. Underinsuring could leave you short at claim time. Insurers often impose security requirements too, such as roller shutters, alarms, CCTV, or specific storage standards for tyres.
For mobile fitters, equipment carried in vans can be protected with tools-in-transit cover. This applies while items are being transported or stored in the vehicle overnight, though most insurers require vans to be locked and sometimes parked in secure compounds.
You may also want to insure customer property if you store wheels or seasonal sets on their behalf. This should be declared so that both your liability and property sections respond correctly.
Combining these elements ensures that your investment in machinery and stock is properly protected. Look for insurance for tyre fitting businesses that bundles liability, road risk, and stock cover into one tailored policy.
