Motor Trade Insurance Comparison

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When obtaining quotes to protect your business it’s important to fully understand the need of motor trade insurance comparison. You could obtain one quote, review it and sign for it, but is it the best possible offer? Did you get the cover you needed? Are you paying too much?

Saving money is on the forefront of everyone’s mind these days, you want the best level of cover for the lowest possible price and why not? There is no reason you should be paying a fortune each year just to ensure your business is safely protected. It’s the higher prices which caused so many companies to allow their policies to lapse during the recession, a very dangerous situation to put yourself in.

Taking the time to obtain a number of quotes in writing. I always suggest three, three is a good number when it comes time to checking them against each other.

If you are applying online the quotes will come directly into your email inbox, enabling you to spend an evening at home on the couch to go through each one with a fine tooth comb.

It is so important to review each quote thoroughly, you may find that you are not offered enough public liability cover or that the policy is only covering you for third party cover. Both of which you know will not be enough should you ever need to claim. You want the policy to offer you the best level of protection possible so that it saves you money in the long run, otherwise you are paying annually for a cover that you will still need to pay into should you ever claim.

Once you have reviewed all the quotes contact the brokers to make the necessary changes, you’ll notice the premium offered will change. This may depend on how many drivers you add to the policy, what risk these drivers pose to the broker and whether you have any security systems in place in your place of work. Everything is included to determine how much of a risk you are to the broker.

When you have chosen one quote that stands out, don’t just accept it. Be sure to check the customer reviews on the broker, you want a broker that is reliable and reputable and one that offers a fast and effective claims process. Being your business, should you ever need to claim you want peace of mind that your claim will be processed in a timely manner and this is why motor tradeinsurance comparison is so important when obtaining cover for your business.

How Do Motor Trade Auctions Work?

Motor trade auctions are one of the best places to find great cars at affordable prices, the perfect choice if you are looking for a vehicle to resell at your dealership. The advantage to this type of buying is that you can buy vehicles in excellent body condition with minor mechanical repairs, vehicles with great engines that have minor body repairs or those that are ready to drive away.

Auctions have become a very popular way to purchase vehicles for the private buyers and the dealerships. They are also a great way to sell a vehicle that you are having trouble selling, set a reserve and only part with the vehicle if it reaches that amount or over.

What You Need to Know

The first decision you need to make is to determine what type of auction you wish to attend, there are both online and those that are held face to face. Online gives you access to vehicles from across the country.

In both instances you will want to find out what vehicles are available and determine how much you would be willing to pay. It's essential that you view the vehicle first, try and arrange for someone to view a vehicle for sale on an auction site before you bid.

The auction houses will allow a set period of time where you can view the vehicle, see it run and determine any problems it may have, this will help you come up with the right amount of money to pay for the car.

Next you will need to pay a bidders fee if you are buying from an auction house, the bidders fee gives you the ability to bid on vehicles. Once the fee is paid you will receive a number which is used during the bidding process and to register the owner. Remember that most auction houses only accept cash.

If you win a bid on a vehicle you will need to have cash in hand or have a bankers draft to prove you have the cash available, you will have a short time frame in which to pay and collect the vehicle.

Online vehicles you can pay within a set number of days via PayPal or pay cash on collection.

Whether you're looking for a great deal to resell or you're looking for a vehicle to fix up, the motor trade auctions offer a good selection that ensures you get the best possible vehicle for the right price. Remember to restrict yourself and have a maximum on each vehicle and don't go above that maximum to make it worthwhile.

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Want to Get a Job in the Motor Trade But I Don't Know What Motor Trade Recruitment To Use

When looking for a job in a particular sector of the motor trade, you have a choice of motor trade recruitment options at your disposal. Depending on the type of job you are looking for, the area you live in and the type of company you want to work for will determine the best way to find the jobs.

Online

These days technology has taken a firm grip of the advertising side of things. All companies within the industry use the internet as a way to post their current job postings. This way they don't have to spend too much money on advertising and they can reach a wider selection of applicants.

The problem for you when it comes to using the internet to find jobs is that you are competing against hundreds of other applicants, these applicants may be just as well qualified as you and many of them live closer to the business, giving them the upper hand.

When using online resources to find the perfect job in this industry it's advisable to check the sites and forums as often as possible. Checking them a few times a day will increase your likelihood of applying for a position quickly and getting to the front of the queue. Many of the companies will not offer a phone number and require you send your CV for review.

It's important to ensure your CV is well written, it should be short and to the point, highlighting your abilities and achievements within the industry. Bear in mind that your potential employer has probably received a large pile of CV's which they need to wade through, so making yours appealing and highlighting your abilities will make it easier for the person to read and hopefully put your CV in the “yes” pile.

Agencies

Another option is to sign up with an agency. Agencies that specialise in the vehicle industry work with key businesses and their job is to screen prospective applicants and then forward the information to the company. The advantage to this is these are the jobs you don't necessarily find online. These companies are busy and the management don't have time to read and review each CV. The agency does the leg work for them.

The advantage to registering with an agency is that they already have your information on file, so they are able to forward your information as soon as a suitable position becomes available, this may be before it's plastered all over the internet and available to the hundreds of other applicants searching for the same job criteria.

When it comes to motor trade recruitment it's worthwhile using all the resources available to you to increase your chances of finding the perfect job.

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Motor Trade Insurance Is Essential, and Here's 5 Reasons Why

When it comes to your motor trade insurance, you need to have the best possible cover to keep your business protected at all times. Here are five reasons why you cannot be without this cover.

Driving Customer Vehicles

One of the biggest risks you face in your industry whether you are repairing vehicles or selling them is driving customer vehicles. You need to drive these vehicles to find faults, check repairs have been carried out effectively and determine whether you want to buy them to sell on your forecourt.

What you may find is that you are offered three types of road risks cover. There is the third party cover, the thirty party fire and theft cover and then the comprehensive cover. The comprehensive cover is the safest option for any business as it protects both the third party vehicle or property and your customer vehicle.

Customers Driving Your Vehicles

If you are in the car sales sector of the industry, your biggest risk is enabling customers to get into vehicles you have for sale and heading out onto the UK roads. This is money you have already spent and it's profits that are driving off to be test driven.

Demonstration cover offers you the cover you need to enable customers to test drive vehicles before they buy without you having to worry about losing money should they be involved in an accident.

Customers Visiting Your Property

Your work is dangerous and there are a lot of things that can go wrong and one of them is a customer injuring themselves while visiting your property. It can be the smallest incident such as a trip when they stand in some oil which hasn't been cleaned up, but that little trip can leave you in serious financial difficulty.

You may not be aware but you are legally responsible for any claims against you when it comes to public liability, this can mean that if you do not have cover or adequate cover, you will need to pay the claim out from your bank account.

Your Staff

It is a legal requirement in the UK to have employer's liability cover when you hire one or more staff members. This cover protects you should a staff member injure themselves at work. They can claim for loss of income while they recover and if you have the right protection in place this will not leave you with an empty bank account.

Protect Your Equipment

Over and above your actual building, you need to know that your tools and equipment are protected. Some of this equipment can be extremely expensive especially when talking about diagnostic equipment. You can enjoy peace of mind with your motor trade insurance by knowing that all your tools and equipment are protected against fire, theft or damage.

Where to Find the Best Motor Trade Discounts

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Motor trade discounts can be an important part of your business, getting the best deals can save you a fortune in the long run, reducing bills and increasing your profits.

Online

The internet has become a world of knowledge at your fingertips and it's here where you can find some of the greatest deals whether you are looking for parts for a vehicle you are repairing, trying to find a cheaper insurance quote or even trying to find cheaper electricity or gas prices.

Using the internet to your advantage can be done in the evenings and doesn't have to take you away from your work during the day, enabling you to concentrate on your business during opening hours.

If you are working on a vehicle and your normal suppliers can't help with parts, you can buy online, you can order from anywhere online paying a shipping price and be able to assist your customer. Depending on where you order from will determine how long the parts time to arrive, but at least you can offer the service that the customer expects and get their car repaired.

Getting insurance quotes or comparing gas and electricity can all be done with a few clicks of the mouse where you can find the best possible deals and reduce your overall monthly budget dramatically. Every penny you can save goes into profits, if you can find cheaper parts your profits soar, you don't have to charge so much labour if you can reduce your monthly expenditure making you competitive in your area.

Suppliers

If suppliers are guaranteed a decent amount of orders from one business they will happily offer a discount. Chances are you are already receiving a trade deal on parts and supplies that you purchase, but if you sit down and choose one or two suppliers and discuss your needs with them, guaranteeing them that you will only buy parts from them, you will probably get a bigger discount.

This works in all sectors of the industry. Suppliers understand demand and if they can be guaranteed a set amount of orders, they will guarantee a better price. This may be on a scale, so depending on the amount you order will depend on the price you can get the parts at, any saving is a bonus in your industry.

Promotions

Some companies will offer various products and services to different businesses and when you see a company offering motor trade discounts you need to jump at the opportunity. Wherever you can save money in this economic climate is a blessing and can help your business increase it's profits over a set period of time.