If you rely on your part-time motor trade business for extra income, an incident you’re not covered for could cause significant financial damage. Part-time motor traders carry out the same work as those who work full-time so they should have the same level of insurance; having an adequate level of cover could help keep your […]
If you run a motor trade business, you’ll know how quickly circumstances can change. You could get new employees, install new equipment or expand your business, which would mean having more vehicles or members of the public on your premises at one time. That’s why it’s so important to make sure your insurance broker is […]
If you’re taking out a motor trade insurance policy, you’ll want to know how it affects your no claims bonus. A no claims bonus is a reward for not making a claim and gives the customer cheaper premiums for each year they go claim-free. If you have an accident and need to make a claim, […]
How do I arrange van insurance? If you run your own vehicle sales business then you will need to invest in motor trade insurance – providing adequate coverage whether you’re a small business or a prominent dealership. But what if you buy and sell commercial vehicles? How does this type of insurance work and why […]
What is the average cost and what types of cover are available? Unfortunately there is no such thing as an ‘average’ cost when it comes to motor trade insurance, as each case is completely different. From how long you’ve been in the motor trade to whether you’re in full-time employment, any of these factors can […]
Known as Uninsured Loss Recovery (ULR), this is sometimes offered as additional coverage to clients who already hold an existing commercial motor trade insurance policy. ULR is not usually provided with motor insurance, but can be purchased through a broker or insurer – usually referred to as ‘legal expenses insurance’.
When embarking in the motor trade sector, it’s important to recognise what type of motor trade insurance is needed – as it is all dependent on which area you wish to operate in. The trade of buying and selling cars is usually the most common field, so if this is something you’re considering then you […]
How does motor trade insurance policy excess work? Motor trade insurance covers a wide scope of different areas, including road risk and liability insurance. In the event that you need to make a claim on your own policy your insurers will request a contribution to the claim, which is known as an “Excess” – and […]
Does it matter whether I operate on a full or part time basis? Whether you’re an individual or a business working in the motor trade sector, it is essential that you are protected with a motor trade policy. So long as your occupation is related to the motor industry, then you will be covered by […]
To be eligible for a motor trader policy, you must provide proof that you operate within the motor trade industry. So, if you run a business that is related to either cars, vans or motorbikes and involves servicing or even selling vehicles, you would qualify for a motor trader policy.