Guide to motor claims inflation

In this issue:

– Executive summary

– Pandemic impact

– Brexit

– War in Ukraine

– Technological advancement

– What about injury claims?

– It’s not all bad news

– What’s AXA doing to help?

– Vehicle damage claims

– Injury claims

Download the motor claims guide Here.

There are legal requirements in the United Kingdom to have certain insurance policies in place for a motor trade business. There are two fundamental elements of cover you need to be aware of:

–  Road Risks

To legally drive on UK roads,  you must have a minimum of Third-Party vehicle insurance in place by law– i.e. driving a customer vehicle after a repair to ensure fault is resolved.

–  Employers’ Liability

This is also a legal requirement to obtain if you have at least one employee and includes many types of sub-contractor, too. If you are caught without cover, you can be fined up to £2,500 per employee, per day.

Read more Here.