RD

Monday, 18 March 2013

Motor Trade Liability Insurance is Cheaper than You Think

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There is no reason why your motor trade liability insurance should cost you a fortune each year, this level of cover has become competitively priced making it easier for you to ensure your business has the right level of cover at all times.
That being said there are some steps you can take to ensure you don’t overpay for your policy and that your business still receives the best level of cover available.
As a business owner you should be reviewing your policy on a regular basis, looking for ways to reduce your premium while still receiving the right cover you need. One of the ways to do this is to search online.
The internet has opened up many doors for businesses looking for protective cover and the benefit is that you find the quotes obtained here are more affordable than if you were to approach a broker directly.
Obtaining Quotes
Before you start obtaining quotes it is important to remember that cheaper isn’t always better. Keeping that in mind you can go online and start your search. You’ll be amazed how many brokers are online ready to give you a quote there and then.
It is advisable to get a minimum of three quotes, this gives you a choice and enables you to review each one and compare them against each other to find the right solution for your business.

What to Watch Out For
Before you put pen to paper on the most affordable quote that comes into your email inbox, it’s important to know what to watch out for. Bear in mind that a company offering you a quote online doesn’t know your business or your immediate requirements. This means a majority of the time your quote only has the bare minimum cover and in some cases some essential cover is omitted completely.
One of the items you will find where you are offered basic cover is your public liability cover and as you know this is essential for any business. A public liability claim against you can amount to thousands and leave your business in serious financial trouble, so it’s important to make the necessary amendments to ensure that this cover is adequate for what you need.
Amending, Reviewing and Signing
Once you have made any necessary tweaks to the quotes and discussed them with the broker, it’s time to review again. You can review each quote which now states the exact level of cover you need.
From here you can make your decision based on price, cover and the reputability of the broker. Once you have read the client reviews and you are happy with your choice you can sign on the dotted line and enjoy affordable motor trade liability cover.

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