"I have found a hugely cheaper quote than my renewal, I am absolutely delighted"P.Macnally (Truro)
"Quick, friendly and efficient"T.Reilly (Birmingham)
Essentially, traders focus on the sale, maintenance and repair of cars and their parts. This means that, at some point during the working day, theywill have to drive a car that they don't own ...and this is where traders insurance comes in. Of course, there's more to it than that -- if you'd like an in-depth guide, why not check out are motor trade insurance page.
What will affect my traders premium?
Like all insurance cover, premium cost is dependent on how much indemnity you require. The amount of cover needed is likely to depend on what sector of the industry you work in -- mechanics will need different cover to traders working in car sales. All traders will need road risks cover, but some may require premises / buildings cover too. Dealerships are likely to require demo cover too as anyone purchasing a vehicle will want to test drive it before haning over their hard-earned!
Area is another factor that is likely to affect premiums. Different brokers specialise in particular parts of the country; some brokers will only look to cover businesses based in the North-West whilst others may want to offer policies to traders in large cities such as London, Birmingham or Bristol. Generally traders in cities have higher premiums due to the greater risks found in urban environments.
The list of trades within the motor trade industry is ever increasing as the industry is constantly evolving. It won't be long until electric cars are mass-produced, most likely bringing in a new group of electric-motor specialist mechanics to service these vehicles. No matter what part of the industry you work in, you can rely on Quotiva to help you find a traders policy by contacting brokers that specialise in the motor industry.