The Motor Traders’ Association of NSW (MTA NSW) has partnered with a world leading insurance broker and risk adviser, Marsh, to launch a tailored insurance program for the New South Wales automotive industry.
The partnership intends helping automotive businesses navigate the complex market and secure a tailored, cost-effective product that aims to meet their business needs.
For MTA NSW members and the wider industry, this will mean gaining access to a comprehensive range of customised insurance solutions and risk advisory services, including enterprise risk assessments, cyber risk profiling, fraud risk reviews and awareness training, workplace health and safety programmes, claims management support, help with business continuity plan development, and asset valuations, says MTA NSW.
“With risks becoming more complex, insurance premiums are rising, with global commercial insurance prices up 9% in the second quarter of 2022,” it adds.
“MTA NSW’s partnership with Marsh will therefore ensure the automotive industry has better access to appropriate, affordable and competitive insurance cover for their needs, alongside guidance for business owners to ensure they are fully supported when lodging claims.”
“At a time when commercial premiums are following a wider trend for price rises and businesses can often be too time-poor to navigate the market and find the most appropriate coverage, this partnership is a pivotal step towards ensuring all MTA members can access expert recommendations and support to protect their business,” says Marsh affinity head Kirsten Mills.
MTA NSW chief executive Stavros Yallouridis says the insurance program will put power back into the hands of automotive businesses when it comes to finding policies that work for them.
“Having the right insurance is a non-negotiable for any automotive business and it’s important that our members know how to find affordable and appropriate cover for their needs,” he explains.
“By partnering with Marsh, MTA NSW is in the unique position to assist automotive business owners find more affordable policies, without sacrificing the quality of their coverage.”
Marsh brings more than 130 years of market expertise to the partnership.
MTA will offer a suite of insurance products to the automotive industry, including material loss or damage, business interruption, public and product liability, burglary, and professional risk.
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Automotive business owners can contact MTA NSW reception on (02) 9016 9000 for a free no-obligations quote.
