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Posts within the 'Trade Insurance' Category

  1. Why Review Your Motor Trade Insurance?

    October 23, 2018 by Logan Biggs

    If you own a motor trade business involved in the buying and selling of new and/or used cars, MOT centre, tyre fitter, car valeter or a garage servicing and repairing vehicles then you will no doubt have motor trade insurance in place. However, when did you last review the level of cover that you have in place to make sure that it is adequate to meet your current needs? Furthermore, when was the last time that you reviewed how much you are paying for your cover? .........read more »


  2. Do You Have An Adequate Level Of Business Interruption Cover?

    August 4, 2018 by Logan Biggs

    If you own a business within the motor trade industry such as a garage involved in the servicing and mechanical repair of vehicles then you will no doubt have motor trade insurance in place to cover you for a variety of risks. An optional extra with such policies may be for business interruption cover. .........read more »


  3. Motor Insurance Premiums Reduce

    May 25, 2018 by Logan Biggs

    Motor traders may find it of interest to read that, according to the Confused.com Car Insurance Price Index produced in April 2018, the average cost of fully comprehensive car insurance fell in the first quarter of 2018 when compared with the same quarter last year. There was a reduction of £13 to £768 per annum with this equating to a 2% drop. .........read more »


  4. Repossession Agents Insurance

    November 29, 2017 by Logan Biggs

    There are a variety of businesses involved in the motor trade industry many of which require specialist insurance cover. One of those is those operating within the vehicle repossessions sector.

    If you are spending the day calling around either at a motorist’s home or their business premises with a view to either obtaining a payment in reduction or to clear their indebtedness to the likes of a finance company or to repossess a vehicle then you will no doubt be aware that it can be a stressful job. It is important that you are suitably insured to protect you against a number of risks. .........read more »


  5. Is There A Benefit In Paying Monthly For Your Cover?

    November 16, 2017 by Logan Biggs

    If you are a motor trader or run another type of business involved in the motor trade industry such as a car repair business or an MOT testing centre then you will no doubt have motor trade insurance in place. Usually, you can either pay for the cover on a monthly or annual basis. So, what is the benefit is paying monthly? .........read more »


  6. Windscreen Fitter’s Insurance

    October 16, 2017 by Logan Biggs

    There are many different types of trades people working within the motor trade industry apart from some of the most common such as motor traders and mechanics carrying our mechanical repairs and servicing. For instance, there are windscreen fitters who replace or repair windscreens either at their own business premises or who are mobile operators or some could be both. .........read more »


  7. Tyre Fitter’s Insurance

    September 24, 2017 by Logan Biggs

    There are many different types of business that require motor trade insurance with one of those being tyre fitters. There are numerous businesses of this type around the UK and it is important that they have adequate cover in place.

    So, what sorts of risks may a tyre fitting business need to insure against? .........read more »


  8. Do You Operate A Hand Car Wash Business?

    April 29, 2017 by Logan Biggs

    Generally speaking, car owners like to keep their vehicles clean – in particular on the outside. Many still wash their cars themselves or take their vehicle to a local garage and put it through an automated car wash.

    Hand car washing businesses should have suitable insurance in place such as motor trade insurance

    There are many hand car washing businesses in the UK.

    However, an increasing number of motorists drive to the likes of a trading estate where someone has set up a business to wash cars by hand that may or may not include a full valeting service that also includes cleaning and polishing the interior of the vehicle. The writer of this post uses such a service as it seems to be competitively priced in his locality. .........read more »


  9. Will Change in Ogden Discount Rate Affect Premiums?

    March 24, 2017 by Logan Biggs

    Motor traders may be interested to read that the Ogden Discount Rate was changed on the 20th March 2017. The rate has fallen from 2.5% to – 0.75%.

    As a result of the fall in the Ogden Discount Rate will premiums for motor trade insurance start to rise?

    Following the drop in the Ogden Discount Rate it will be interesting to see if motor trade insurance premiums start to rise.

    The rate is used to calculate how much insurers need to set aside to meet claims for compensation from people injured in the likes of road traffic accidents. Sometimes quite sizeable sums often running into many millions of pounds are paid out by the likes of motor insurance companies. .........read more »


  10. Is There A Benefit In Using A Specialist Broker?

    February 6, 2017 by Logan Biggs

    If you are looking to arrange motor trade insurance then you will find that there are many places that you can obtain quotations for such cover from. For instance, you could contact a number of insurance companies direct either via the Internet or by phone to get a quote. You could also pop into your bank, or any other bank for that matter, and enquire if they can provide a quote. Another option is to get in touch with a broker by telephone, in person or the Internet that specializes in helping arrange such cover. .........read more »


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