Compare part time motor trade insurance whether you buy and sell cars as a part-time business or hobby.
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Within the motor trade industry, there are many job roles, working environments and schedules that create unique business opportunities. From mechanics garages to sales showrooms to car restore services, various sub-categories within motor trade exist.
Because every motor trade business is different, your responsibilities, work patterns and schedule might not look the same someone else's, even if they work in the same industry as you.
Every business has specific needs and unique circumstances, and there is insurance coverage available for all sorts of scenarios, which can be combined into the right policy for you.
Whether you work full time at a commercial garage and manage a team, or are self-employed and work on cars alone from your home on a part-time basis, there's cover out there that can be tailored to suit your needs.
Part-time trader insurance is well suited to people who dabble in the motor trade industry outside of other work in another industry. For example, someone who purchases and sells vehicles as a side business or a hobby.
With a part-time role as a car dealer or mechanic, you won't need as extensive coverage compared with the likes of a large garage with complex business operations and many employees. However, even a small motor trade business that's managed by a single professional who works a few hours each week needs insurance.
You can find the best value part-time trader insurance by comparing policies with Utility Saving Expert to find the cheapest deals.
Part-time motor trade insurance is a type of business insurance for professionals who run or work for a motor trade business part-time.
It can protect you financially if there is an accident at work. For example, if you are driving a customer's car and there is a crash, your motor trade insurance could cover the damages.
If someone sues your business because they have been injured in an incident that involves you and your work, or if a liability claim is made against you, insurance can cover your legal fees and protect you from financial losses.
Part-time trader policies can include repair costs and compensation claims. Without insurance coverage, you'd need to pay for those yourself.
How extensive the cover is will depend on what you choose to include in your insurance. There are many features that you can combine to create a policy that reflects your needs.
You know your business better than anyone else, so you understand which risk factors your business faces. When you take out part-time trade policy, you should include insurance features to reflect this.
In addition to legal necessities, some motor trade policies require a minimum level of coverage. However, most features are presented as optional add-ons that you can build up to match your needs. The total amount of cover you take out should reflect the value of items you are insuring. This is known as the sum insured.
Your motor trade insurance must reflect your work and be suitably tailored to you. You need to be completely transparent with insurance firms and ensure all the information you provide is accurate. Make sure you choose an insurance policy designed specifically for part-time trade or emphasise that your work in the motor trade industry is part-time.
Some insurance provider will expect you to deliver a minimum amount of trade or services. For example, if you sell cars, an insurance firm might expect you to trade a minimum number of vehicles per year. These requirements will differ from provider to provider, and across different policies. Make sure you know approximately how many cars you trade, fix or service to ensure you give the correct information to your insurers.
Not only can this potentially reduce the price you pay, but it will ensure you won't have your policy invalidated. Whilst there may not seem much difference between insurance policies for full- or part-time traders from your point of view, your insurance provider sees it from a different perspective.
If a mistake with your policy means it is cancelled or invalidated, you will be liable to pay for any damages or compensation without financial support and you may find it more difficult to secure insurance cover in the future.
If you are intending to take out a new insurance deal, or if you want to shop around because you are coming up for renewal with an existing policy, compare your options to find the best deal.
You're more likely to find a cheaper contract if you use Utility Saving Expert's online quotation tool than if you allow your existing policy to auto-renew. All you need to do is input some details about yourself and your driving history, as well as your work as a part-time motor trader.
Include details about where you store your vehicle and equipment. We'll use this context to help you find all the policies that are suited to you, and it will also help potential insurance providers to provide quotes based on the security of your vehicle and tools, and how safe or risky they deem this to be.
Browse through the insurance policies that are generated instantly by our quotation technology to find the best value deals. Decide how extensive the cover should be and filter results to make them even more specific. Add-on the optional extras that you need to feel comfortable your operational activities and business needs are sufficiently covered.
You may be able to lower your insurance premiums by opting to pay the full cost through a single annual insurance payment rather than taking out a monthly payment plan. You can also agree to a higher voluntary excess to encourage lower premiums. This means you are offering to pay more if you claim on your insurance, but pay less for your policy in the first place.
When you're satisfied you've found a new part-time trader insurance deal that offers you everything you need at a competitive price, you can by your quote directly from one of the many brokers we put you in touch with.