A bump here and a scrape there may not seem like the worst thing in the world, but when it comes to footing the bill to get these minor eventualities fixed, then it is a totally different story. While you want to move the vehicle on to a potential buyer, not many people are going to be too thrilled if they find that there is damage to it while it has been in your possession.
This is where having a good insurance policy can prove to be a godsend, as not only will it be able to fix the initial problem, but you will also be able to sell the vehicle once it get back from the garage.
The first thing to consider is what eventuality you need to have covered for your specific requirements. Many insurers will offer motor trade insurance in a range of different factors which will take into account the value of the car, what make it is and also your individual circumstances. The latter will include whether you are working for a major company or if you are simply a part-time motor trader that requires the cover policy for their own specific.
Insurers usually offer the protection over three different areas which are road risk only motor trade insurance, liability motor trade insurance and combined motor trade insurance. For those who are looking to safeguard against every form of eventuality should seriously consider the combined policy as this will offer you a comprehensive package for all your needs.
The combined cover ensures that you are protected in any form of action that includes money, liabilities, vehicles, tools and pretty much anything else you can think of. It is ideal for those who want their business extensively protected and also recognises a business premises as well as your home as a place of work so you can be flexible about where you conduct your company’s operations.
However, this level of cover may not be for you, and if not, you may want to look into liability motor trade insurance. This is specifically designed for those of you who have members of the public on your premises at any given time. Also with this level of protection it gives sufficient cover for when you are employing members of staff and will safeguard against any eventuality that should happen.
The road risk insurance policy covers a number of different circumstances with the third party only part being the most prevalent. This is needed when you are going to be driving a customer’s vehicle, perhaps when they have brought it in to be sold on. The law states that this type is needed for any motor trader that is looking to carry out a number of actions including buying and selling vehicles for profit or should restore or repair a car.
Insurance is a major aspect for any motor trader so don’t delay and make sure you seek out a quote.