The most common and most likely answer to this crossword clue is the 8 letter word DAMBOARD
D
A
M
B
O
A
R
D
Buddy explains!
The straight part
We know that "Chequers needs one! (8)" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case chequers needs one! (8) = damboard.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.