Motor Trader Insurance and What it Can Cover

Motor Trader Insurance and What it Can Cover

As a motor trader, you will want to cover road risks concerning the vehicles that your business owns and those of the customers that you are working on and transporting from A to B. You can not only have that but also have cover for premises too with a combined policy. This article will consider just what companies such as one sure insurance are offering motor traders in terms of insurance cover.

Motor Trader Insurance and What it Can Cover: Road Risks

Road risks will cover motor traders that are driving the vehicles of their customers. This is whether they are a mechanic, mobile or otherwise, repairing or servicing vehicles, offering a breakdown service, a car salesman with a dealership, or have a business car valeting.

Comprehensive insurance will provide the full cover and even cover vehicles that are at a home as well as work premises. On top of accidental damage cover, there will, of course, be the cover for fire, theft, or any form of vandalism. 

Your Premises

When there are business premises involved and someone is not just working from home, a motor trader policy can cover these too. This can be a garage forecourt or sales area or an area for repairing, providing an MOT, or servicing vehicles.

Work premises are a separate entity to a home working situation and will need to be covered as well. It is the motor trader policy that can take care of it all on one policy. This is convenient, not needing more than one renewal date to have to think of in respect of this aspect of cover. A direct debit payment arrangement can then spread the payments to help a business with cash flow.

Motor Trader Insurance and What it Can Cover: Who is Covered?

A motor trader policy will cover the owner of the business and employees involved in this aspect of the business. Also, it can extend to adding a spouse and other family members. You will need to provide details of every driver you wish to add. Young drivers will put the cost up, as will those with any motoring convictions and previous claims history. These must be declared.

We might not choose our employees based on their motor insurance history, but it will impact how much we pay in premium for our motor trader policy. It is like a car insurance policy; those same questions will be asked about drivers to determine their risk in terms of a potential claim. The location of the premises will also matter in terms of the risk of fire, theft, or vandalism.

Other Considerations

Always declare material facts to an insurer. In other words, those things that impact insurance risk. Answering all the questions honestly and fully on an insurance quotation should ensure this. If there is anything that you are not sure about, always check this with an insurer.

You should note that motor trader policies will be geared to covering you for your primary business and they may not extend to commuting to another occupation as well.

Many policies will provide unlimited vehicle cover, but you should check that this is the case. Also, some policies will have a limit on values. If luxury or high-end cars are your business, then check that the individual values of vehicles do not exceed policy limits.

Separate garage insurance cover will be needed to cover liability to the general public and employees.

It is good to know what motor trader insurance can cover and just what kinds of businesses can benefit from this kind of protection. In exchange for a premium, a business can have peace of mind that their vehicles and those of their customer are protected by insurance. Customers will want to know that their vehicles are protected too when they trust a garage to take care of them whilst they are repairing or cleaning them.

A salesperson selling new vehicles will want to know that should one end up getting damaged the cost can be covered. It is not that they will take less care of the vehicles but more about them finding it easier to sleep at night. Everyone needs that reassurance, and insurance in all situations provides this. That is apart from the legal aspects of insurance.


In all aspects of business, it makes sense to have the proper financial safeguards, insurances and checks in place.

Top Tips for Starting a Business

Top Tips for Starting a Business

Succeeding in business today requires flexibility and proper planning. Many people go into business thinking that it is all about opening a store or turning on a computer and making money right away. However, starting a business can be more difficult than that. That said, these 5 top tips for starting a business can set you off on the right track.

You can avoid this mistake and start a successful business today by taking time to plan and prepare yourself for what is to come. Whatever industry you want to venture into, here are top-rated tips for starting a business. 

Top Tips for Starting a Business: Ensure the business is your thing

Before you think of starting a business, you need to be brutally honest with yourself if it is right. Are you ready to put in extra shifts to see it succeed? Can you handle the pressure and criticism that comes with owning a business? Are you financially ready? Answer these questions to determine if starting a business is your thing. 

Explore a niche

You do not have to come up with a new idea to start a business. However, it is crucial to ensure your products and services are unique and differentiated to make your business as competitive as possible. Market research is a better place to get started. Study trends to determine what is missing in the market. For instance, you can start a cable stripper business if the market demand is up, but supply is limited. Once you find an underserved niche, you can easily make a breakthrough. 

Write a business plan

A business plan is a roadmap that guides you through every step. It outlines what you need to set up and run the business as smoothly as possible. You should keep in mind that a business plan must be flexible to accommodate adjustments. Outline every step, estimate, and forecast for your proposed business. This aspect can also help you access financing to start and manage your business. 

Top Tips for Starting a Business: Focus on your passion

If you want to start a business, you will want to focus on an area you are most passionate about. As suggested earlier, starting and running a business is not a walk in the park. The ups might be exciting, but the downs define where you end up. It is always advisable that you focus on your passion to ensure you weather the storm when it starts raining. Otherwise, you might easily give up along the way. 

Understand your target audience

Many people start an excellent business but fail to attract customers because of the location. It is always important to understand your target audience and where they are found. You might need market research or survey to know where your potential customers spend their time and what they prefer. This way, you can easily offer personalized products and services that set your business apart from the competition. 

Top Tips for Starting a Business: The bottom line 

There you have the top-rated tips for starting a business. Follow them to ensure you start and run your business as smoothly as possible. You might also want to prepare yourself financially to avoid the stressful processes that come with finding the right financing for a start-up.