Category Archives: Traders Insurance

Getting Motor Trade Insurance At The Best Price

Working in the motor trade means you need the right type of cover. There are many types of businesses that require a motor trade insurance policy, including car showrooms, auction houses, MOT centres and valeters to name just a few.

Unfortunately, insurance prices are higher than ever now in the UK but that doesn’t mean you can’t take steps to reduce the cost of motor trade insurance. Below are some of the best ways to do this.

Get a part-time traders policy

If you work in the motor trade on a part-time basis then it doesn’t make sense to get a year round policy since you’ll only need cover for when you’re working. In this case the best option is to get a flexible part-time traders policy from one of the many specialist providers online.

Increase excess

Another very reliable way that you can reduce the cost of a motor trade policy is to increase the excess you would pay if you had to make a claim. Of course this is somewhat risky since you’ll pay more when making a claim but it is a good way to reduce costs when first taking out the policy.

Hire reliable employees

Hiring reliable employees is another excellent way to keep the cost of your motor trade insurance down. Reliable employees mean less risk of incidents occurring and therefore insurance providers can offer you cover at a lower cost.

Make your premises secure

Security is always a big factor that insurance providers take into account so you should take any steps you can in order to make your premises more secure if you want to reduce your premium. Excellent ways to improve the security of your premises include installing CCTV, security lights and an alarm. It’s also a good idea to install some access control measures such as wall spikes to prevent would-be thieves and vandals gaining access to your premises.

Shop around

One of the best ways to save money on motor trade insurance is by getting quotes from many different providers. This is now easier than ever to do by using a site such as http://www.traders-insurance.com