Motor Trade Insurance Policies Are the Best Way to Save Money If You’re In the Industry

Being in the motor industry, you have some many risks to consider, from driving customer’s vehicles to customer’s driving your vehicles.  Having the right motor trade insurance policy can make all the difference.

When you think of the cover you need for your business, you need to determine what is right for you and your business as a whole, both in the cover it provides and premiums.  There are ways of reducing the premiums, but overall having the right protection no matter how much it costs will save you money.

If you run a mechanical workshop where you repair customer vehicles, you will need to drive those vehicles to find out what the problem is and once repairs are carried out, you will need to drive it again to ensure the repairs have been done correctly.  So over and above basic cover which protects the building, contents and tools you need to get road risks protection.  This type of protection enables you to drive customer vehicles without worry; it covers you in the event of an accident saving your business thousands in the long run.

The biggest advantage to this is you can add additional drivers, so you don’t have to do all the test drives yourself.  By choosing your drivers carefully, you will be able to add multiple drivers without paying a hefty fee.  Ensure the drivers you choose have clean driving licenses, they don’t have convictions against their names and that they are over twenty five.  Choosing with care can also save you a lot of money.

If you’re buying and selling cars you want your customers to be able to try before they buy.  If you don’t have the ability to allow customers to test drive vehicles for sale, you probably won’t make the sale.  Demonstration cover enables customers to drive your vehicles for sale and if they’re involved in an accident it’s covered, saving you money.  The vehicles you have for sale are probably yours, you’ve probably laid out a lot of cash for those vehicles, so to have one smashed by a customer can leave you out of pocket, being financially damaging to your business.

Another fantastic way this protection can save you money is you can put your personal vehicle on the policy as well and you can include your spouse as a driver, this means you can cancel your personal policy, saving you money every year in premiums.

With so many advantages and being able to protect your business from financial losses, it’s obvious that motor trade insurance is the way to go.