Insurance for Tyrepower dealers

All retail businesses need some form of insurance to protect their assets. But it’s important that their cover is tailored to their business: services, location and business size all inform their risk profile.

Generally speaking, Tyrepower franchisees and licensees need protection against a wide range of risks to stay in the green. Accidents, damage and injury can happen unexpectedly – and the costs incurred could be an even greater shock.

Speak to a member of our Motor Trades team to arrange insurance that covers you from end to end.

Property insurance and public liability can cover your most pressing risks – like a damaged customer vehicle or claims of faulty workmanship. But industry threats and risks are constantly emerging.

Statutory requirements – to which Tyrepower franchisees and licensees must strictly adhere – change often. If you or an employee breaches them, regulatory bodies can impose hefty fines and penalties. In this scenario, errors and omissions insurance can help.

And if professional advice is part of your service offering, errors and omissions insurance can also address the risks of mistaken or incorrect advice that ends up causing your customers harm.

If claims of unfair dismissal, discrimination, bullying or harassment come your way, management liability insurance can cover you against costly legal fees and liabilities.

And with the risk of cyber attacks and security breaches only on the rise, cybersecurity insurance can be instrumental in protecting your and your customers’ personal data.

The Tyrepower Group has taken out cybersecurity insurance on behalf of all its Australian members. To report a cyber incident, download the CFC Cyber Incident Response app (if you haven’t already).

Available from the Apple Store and Google Play, the app lets you quickly and easily report a cyber incident and notify your insurer of a claim under your cyber policy.

We’ll send your certificate of currency straight to your email address after you successfully arrange Tyrepower tyre dealer insurance through Marsh.

If you’re an existing customer, please contact us to request your certificate of currency, policy wording or tax invoice.

The cost of your Tyrepower tyre dealer insurance will depend on several factors – including your business size, revenue, and services provided.

For advice specific to your store, you can request a call back to speak to a Marsh advisor.