NRMA Motor Trade Insurance is a type of business insurance designed trades for motor trades businesses like mechanics, auto electricians and motor vehicle detailers (not available in the Northern Territory). Having insurance can help protect the business you’ve worked hard for in case things go wrong.
This could include things like if you accidentally damage a customer’s car during a service. If your customer then makes a claim against you, this could create extra costs for your business and impact your operations and reputation.
Most motor trades businesses will consider getting Public Liability Insurance (also known as Broadform Liability). This is designed to cover claims of injury or damage to others (including injury caused by your products), as well as certain legal costs in the event of a dispute.
Here are some of the covers we offer for motor trades businesses. You can mix and match to create a policy with the covers you’re looking for.
For compensation claims if your business is found liable for accidentally causing injury or property damage. This also includes Product Liability, which covers accidental injury or damage caused by a product you manufacture or sell2.
Covers money being stolen from your premises.
Our Fire and Other Defined Events cover can protect you against loss or damage to your business tools, equipment, contents, stock or a building in the event of a fire, lightning, explosion, earthquake, impact including falling trees, malicious damage and storm damage at the business premises.
Cover can provide protection for your vehicles and your customer’s vehicles whilst at and away from the premises.
Covers the loss of profits after your business suffers damage due to an insured event, such as a fire or storm and the business is closed for the process of rebuilding or repairing the damage. If you are no longer able to trade because of this disaster, you can continue to receive a cash flow to help ensure your business returns to its normal operation.
Covers you for breakdown of electronic equipment such as computers, laptops, printers, vehicle diagnostics or testing equipment.
Covers breakdown of cash registers, cool rooms, display fridges or air conditioners
This can provide you with a weekly benefit, if you can’t do your regular work due to a covered injury or illness2.
Covers you from an unknown person(s) breaking into your premises, or the premises you are renting, and stealing your business stock, contents or equipment.
Covers breakage to shop front windows, glass shelving or display cabinets, sign writing and advertising signs.
Provides cover for you against loss of money caused by any fraudulent or dishonest act or omission by an Employee with the clear intent of making improper personal financial gain.
Cover provides you with protection for loss or damage or burglary of property such as tools, when you take them with you on the road or at the work site.
Provides you cover for the cost of professional fees resulting from an audit or investigation which relates to you paying a tax.
Covers you for business motor vehicles and mobile plant used to operate your business.
There are 3 ways to get a copy of your Certificate of Currency, Certificate of Insurance or tax invoice:
A Certificate of Currency is proof that you have an active policy.
A Certificate of Insurance shows what your policy covers, the amount covered and the period of cover.
Our Motor Trade Insurance includes Public Liability Insurance to cover liability claims. You can also get cover for your work tools, equipment, vehicles and more – so you can cover what matters most to your business.
These cover options include Portable property, Commercial motor, Property, Business interruption, Personal accident and illness, Burglary, Machinery and more.
For more information about what’s covered, read the Product Disclosure Statement (PDS)3
Mechanics might consider getting Motor Trade Insurance to cover their businesses in the event of a liability claim.
Our Motor Trade Insurance includes Public Liability cover (also called Broadform Liability), which is designed to cover claims that could arise from a range of different accidents. For example, if you damage a customer’s car while cleaning or repairing it, or a customer is injured by some unattended power tools while visiting your workshop.
When you get your Motor Trade Insurance quote, you can tailor a policy to suit your business’s specific needs. For example, you can choose a Public Liability Insurance cover limit of up to $5 million, $10 million, $15 million or $20 million. Or if you need more cover, call us on 132 818.
You may also want to get cover for other things that are important to your business. That’s why we offer a range of cover options including cover for your tools, equipment, materials, work premises and more.
For more information about what’s covered, read the Product Disclosure Statement (PDS).
It depends on a number of factors, including the type and level of cover you choose, the type of business you run and how many staff you have.
The quickest way to get an estimate of how much it costs is to request a quote.
Mix and match our policy cover options and pay your premium by the month at no extra cost
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You can also ask us to contact you about a Business Insurance quote.
This is general advice only and does not take into account your individual objectives, financial situation or needs (“your personal circumstances”). Before using this advice to decide whether to purchase a product, you should consider your personal circumstances and the relevant Product Disclosure Statement and Target Market Determinations available from this website.
