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Business insurance

MTA insurance

Crombie Lockwood has designed a competitive business insurance package specifically for members of MTA.

MTA has been representing automotive professionals in New Zealand for 100 years including motor vehicles repairers, mechanics, panel beaters, service stations and car dealerships.

Crombie Lockwood and MTA

Recognising the broad range of businesses represented by MTA, we developed the MTA WOF Check to spot all possible exposures and hidden risks.

We come to your workshop, station or yard to get a proper understanding of what you do, and how you work. This means we ensure you have cover in place for risks that exist for your workplace and that sums insured are correct.

MTA solution offers a very broad range of cover at a competitive price and ensures New Zealand’s auto industry is completely covered, letting you focus on growing revenue and looking after your clients.

What MTA members insurance covers

The automotive business insurance scheme offers three main types of cover:

  • Material damage: covers for plant, machinery, stock and all other contents of the business against accidental loss or damage, e.g. losses due to fire, earthquake, burglary, etc.
  • Business interruption: This covers loss of profit due to reduction in turnover following a risk event.
  • Public liability insurance: Liability cover protects your business should its operations cause accidental injury or damage to the property of a third party. It includes legal costs to defend any action taken against you, even if you feel you have not been negligent. Defective workmanship cover is included where damage is caused as a result of an accident or poor workmanship.

Optional extras include:

  • Directors and officers liability insurance
  • Cyber insurance
  • Petrol Stations: tailored insurance for underground fuel tanks, submersible pumps and liquid stock stored in underground fuel tanks as well as cover for impact and malicious damage or vandalism. Burglary of cigarettes and tobacco stocks also included.
  • Special MTA members’ discounts are also available for personal insurance including life, health and income protection

Contact one a broker to find out about insuring your business for the future.

Claim example

A garage was asked to service the transmission of a vehicle which required the gearbox to be removed. When it was reinstalled, the mechanic failed to top up the oil to the correct level. On the vehicle’s next journey, the gearbox seized.

As there was no subsequent damage to the vehicle, there was no cover under the standard ‘service & repair’ policy extension. However, with the Defective Workmanship extension the insurance policy would pay for the gearbox.

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Working together to protect what matters

Our specialist brokers work with you to find the right insurance for your business risks.

Contact us