What You Can Include In Your Cheap Traders Insurance Policy

Having a cheap traders insurance policy doesn’t mean that you need to leave certain criteria off in order to save money. A good policy will offer your business all the protection you need at an affordable price.

The quote you choose may not be the cheapest; the aim is to find the best coverage at the lowest price. There are certain things you cannot leave out of the policy and a couple of added extras you can include to give you peace of mind on a daily basis.

Every policy for your industry should protect the building, the building is essential to the day to day running of the business. This should be protected against fire, storm damage and theft. At least if you happen to be up north and your building is effected by the horrific flooding, you can get it repaired as quickly as possible without the expense.

You cannot operate a business without adequate liability cover. Public liability cover is an essential part of your business if you welcome customers and visitors through your doors on a daily basis. A customer falling in your property can set you back thousands, a claim can be for mental distress and loss of income and you will be held legally responsible to pay the claim. In severe cases your assets can be seized in order to pay, having this cover can save a lot of frustration and heart ache.

Employer’s liability is a legal requirement in the UK from the minute you hire your first employee. This cover protects both you and the staff member in the event of an accident and your business already is a risky place to work with complicated machinery.

From here you can add your own personal vehicles to the policy; this can save you money by cancelling your private auto cover at home. You can include your spouse on the policy too, giving you one payment to worry about.

There is road risks and demonstration cover that can be included depending on the type of business you run. Road risks enables you and staff members you choose to drive customer vehicles, while demonstration cover enables customers to try before they buy.

You can add loss of income as an additional cover; this is a handy cover to have. Should your building be damaged and you are unable to work while repairs are being carried out, you can enjoy the fact that you are not losing profits and are still able to stay up to date with bills and staff wages until you can get working again.

The last essential cover you can add to your cheap traders insurance is a policy that covers you should you lose your driving license. You can enjoy receiving a travel allowance that you can use to get you to and from work or hire an additional driver to ensure your business doesn’t suffer.