The advantage of a motor trade insurance policy is you have the ability to choose key staff members to test drive vehicles for you, this takes the burden of doing it yourself away from you, freeing up your time to concentrate on the business.
The ability for staff members to drive customer vehicles is called road risks and it’s an essential part of your policy, this is what protects the customer’s vehicle when you are out on the road and should an accident occur you can repair or replace the car with ease and without a big financial burden on yourself.
You can add as many drivers as you want onto your policy, but bear in mind the more drivers you add the higher your premiums are going to be. There is no limit, but should you wish to save some money on your premium, you may want to consider choosing a few key staff members for the job.
When selecting your staff members take their age into consideration. Drivers younger than twenty five years old are considered a risk, this will increase your premiums. If you choose a driver over twenty five it will help keep the cost low.
Choose drivers with clean driving licenses, the minute they have a conviction on their license they are considered a risk, this increases your premiums yet again rather than keeping them low.
Always ask your staff if they have no claims on their private policies in their name. Some brokers will take this into consideration, it proves that the staff member is not a risk and can help you save some additional money.
Remember over and above the staff members you can include your spouse as a driver too. The advantage with that is once you include your own personal vehicles and spouse onto your work policy you won’t have a need for the private policy anymore, this can save you money in the long run.
There are so many ways to save money when it comes to your business policy and the premiums you have to pay. If you handle the process carefully and review a choice of quotes before putting pen to paper you can get excellent cover at a fraction of the cost.
Take your time when reviewing your motor trade insurance quotes, check to ensure they offer a good level of cover and their prices are competitive, this way you can make an informed decision depending on which policy best suits your business needs.
If you operate a business that involves automobiles you may require motor trade insurance. Okay, you have the necessary insurances for your employees and the premises, but what about insurance for the cars in the showroom, the used car lot or the driving school? If you have any business related to the automotive trade, you must check if you are covered by the correct insurance.
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