Trading from Home: Quote for a Road Risks Policy suitable for motor traders working from home or on a part time basis Call our friendly team for a quote on Our opening hours are: Monday-Friday: ampm Saturday: 9am-1pm Chat: You can also chat with a motor trade advisor through our online chat facility on our website.
Existing Customer Need to tell us about changes to your business? Please call Need to add or remove a vehicle from the MID? Please call Want to upgrade to a traders combined policy? Please call Want to cancel your policy?
Please call Need to make a claim? Trading from Business Premises: Quote for Traders Combined Policy suitable for motor traders with premises Call our friendly team for a quote on Our opening hours are: Monday — Friday: 8. Please call Are you a road risks customer who wants to upgrade to a traders combined policy?
You need to add all vehicles to the MID that are covered on your motor trade insurance policy. You also need to add trade plates that you own. It is not necessary to add untaxed stock vehicles, but if you are in any doubt, add them to the MID anyway — there is no harm. This means as soon as you can possibly add them to the MID, you should do so. A number of insurers now give you access to an online portal, where you can add or remove vehicles from the MID yourself. This is the quickest and most efficient process to ensure that your vehicles are added to the MID in a timely manner.
When you take out your motor trade insurance through Bollington, we will supply you with the procedure that your insurer recommends as part of your policy welcome pack. Remember, it is just as important to remove vehicles in a timely manner from the MID as it is to add them. If you sell a vehicle and it is involved in an accident, you could be liable if the vehicle is listed on your motor trade insurance policy on the MID.
Yes, we can do this for you. There is a nominal charge for doing this each year on your policy, should you wish for us to add or remove vehicles from the MID. Updates can be given via telephone or email. Please tell us at the point that you renew your policy if you wish to take advantage of this service, and we will advise the fee for doing so. It depends on the insurer what you need to do to ensure all the vehicles you need are listed on your motor trade insurance policy — and therefore, on the MID.
Your existing insurer may require a full list of vehicles when you renew your policy. If you are moving to a new insurer, you must supply them with a full list of vehicles for the MID. They will advise on how this information should be given, and will provide you with further details on how to update the MID in future on your new motor trade policy.
Visit www. If you have a motor related claim, please see below for our most frequently asked questions. Making a motor claim: How do I report a new claim? By calling our Motor Claims team on To ensure that your claim is dealt with as effectively and efficiently as possible, it is important to report your claim as soon after the accident as possible, and within 48 hours of the incident.
Depending on your choice from the options available to you, either your Insurer or our approved repairer will recover your vehicle. This will be either to an approved repairer or a place of free storage, depending on the amount of damage caused to your vehicle.
Whoever appoints the repairer i. Yes, you can use your own repairer. However, by using the Insurer or our repairer, the claims repairs are authorised and carried out quicker.
Our Motor Claims team and the Insurers have access to dealer-approved repairers. All repairs are generally guaranteed for 5 years. We understand how important it is for your vehicle to be kept on the road.
Each claim is different, and once the repair estimate has been authorised by your insurer, the repairer will be in contact with you within 24 hours to arrange repairs. Our dedicated team liaise direct with the approved repairers and insurers to ensure no unnecessary delays occur. Repairs are subject to the parts being available and the garage being able to book your vehicle in.
We will endeavour to provide a like-for-like replacement vehicle. We will discuss with you your specific requirements and your replacement vehicle entitlement. You would be expected to pay the garage in full for the repairs if you are claiming via your insurer.
Where the incident is not your fault and there is a third party from which to recover your costs from, we will assist you to do so providing you have purchased our Motor Legal Protection cover. Not if you are claiming via the Third Party insurer. If you are claiming via your comprehensive insurance policy you would pay the excess and we would then fully recover this cost for you. Many motor traders take advantage of this to help budget for the expense of insurance across the year, especially if you are starting out in the motor trade.
This is normally available by paying a deposit roughly 2 months worth of premium at the time you take out your policy, followed by 10 monthly payments. Deposits can be paid by credit or debit card. Finance for your motor trade insurance is provided by an external company, subject to acceptance criteria and will involve a credit check.
You will be offered this option when you speak to our motor trade advisors over the phone. Opening Hours 8. Get a Quote. Please note that your motor trader insurance is still an annual contract. Take life insurance. If you are not happy within 14 days of the policy taking effect you can cancel it, if you haven't already died and even then, odds are that the policy would only pay out after six months.
To better know what trade insurance is then it is wise to speak to a specialist like Evans and Lewis Insurance. The fact is you can indeed cancel a motor trade insurance policy after a short cooling off period. However the policy never starts the date you signed or made first payment, but on the day after the cooling off period ends. So I'm afraid zero deposit motor trade insurance is as much a possibility as wishing for three years that Brexit would never happen.
There are however a range of other low cost routes and ways to reduce monthly premiums and take advantage of offers. An insurance house doesn't much care if payments are divisible exactly by 12 and they may even accept a lower initial monthly fee if the statistics work in their favour. Talk to a specialist motor trade broker to find the best price deal , see whats available for new start ups , available payment holidays, discuss the advantages and disadvantages and take the benefits of a proper trade insurance offer instead.
Brexit and Motor trade insurance has so far escaped Project Fear because in the mindset of those who talk up fantastical problems, they have probably failed to understand the complicated movement of money that occurs at insurance houses across the globe that keep the working man in business. If a no deal Brexit was confirmed tomorrow you may have been lead to believe that as a Truck driver the world would stop revolving.
True in part that in respect of a no deal, driving licences may need internationally recognised permits, trailers may need additional registrations and checks implemented at borders 1 but as far as insurance goes, it is really too big a beast to tamper with. Are you understanding any of this? It's a well used response but in a way yes. Rules and Motor trade insurance regulations can affect who can drive and what minimum requirements are needed.
The premiums are paid by a million and one Truckers, transporters, MOT centres and any number of related trade businesses to a handful of insurance houses. These are based in the UK, EU, global and with subsidiaries. It's not only money from other premium payers that pay you when a hammer is stolen, your car is broken into or your 70 tonne truck ploughs into a barn. Insurance companies invest a small but significant percentage in stocks, bonds and investments. Any change in that money transfer and a lot of companies listed on European, Asian and American stock markets are going to wonder where the inflow of money went.
Who can drive under a motor trade policy will vary by country and uninsured cars will still need trade plates. What has this to do with any changes that Brexit will have on understanding traders insurance in the UK? Any existing policyholders that have single country and cross border contracts with insurers that are in the UK and EU should notice zero cover changes or charges.
Many insurance companies have put into effect a Part VII transfer plan which has transferred your policy to a company that can legally it's hoped pay out a claim in the event it is required and you may well have already received notification of this, if it was necessary to do so. The over-riding holding company will be the same, simply subsidiaries in whichever region pick up the legal slack to keep your policy in place.
In this respect what exactly will change? The vehicle parts chain continues, the labour and servicing is maintained, car factories keep making cars to offset currency fluctuation with overheads, nor will the repair work shops move.
Your policies are safe but who can drive and can anyone get a traders policy will become a part of the new world. The only residual effect of a no deal Brexit or maintaining new finance laws in a post Brexit world is that premiums may increase. For UK based truckers with UK bound logistics abiding by Ul motor trade insurance regulations and rules, it's conceivable that post Brexit motor trade insurance premiums may even reduce.
As aficionados of all things new in the motor trade, we appreciate that customers believe that when taking out traders insurance as a young driver that an electrical car that is green, climate friendly, doesn't use fossil fuels directly and is an energy saving icon of the noughties, should mean lower insurance premiums. Unfortunately for many reasons it's simply not true. Electrical powered cars have been around for years, believe it or not Mr Ripley.
Only now in the modern era of vehicle manufacturing can energy be stored sufficiently within a battery to run for a known length of time and power an engine just enough to hit required mileage on a motorway.
Technology is fast accelerating in this area but so too are the premiums. As discussed elsewhere new technology does not naturally mean that while a motor vehicle is more efficient and Earth friendly, that it will cost less to repair.
You may well be a motor trader that's a revolutionary however the revolution has not even begun despite all the talk in the media. Can anyone drive without understanding trade insurance rules for uninsured cars? Yes an insurer uses mathematical equations to arrive at a costing for each individual policy.
Accidents in older cars or known performance cars with parts that have a history of wear and tear and calibration are known quantities due to historic data. New electrical cars with new car parts, batteries which only have a manufacturer warranty without known design faults recorded are a liability.
Electrical cars may also have a range of differing tech problems with software and so the people required to fix these machines need different knowledge and learning curves and are not in abundance.
Less knowledge and less availability of parts which makes them more expensive to cover and replace, makes electric car insurance more expensive for young drivers taking out trader's insurance. On top of the already inherent liability that you may be under the age of 25 and represent more risk to an insurer statistically. So what's the answer?
Understand the rules and regulations for uninsured cars and who can drive and can anyone have one of these before buying a policy. Will insurance premiums decrease with driverless cars being the norm? Is it too early to ask? Planes have had the technology for decades, mainly because there is nothing to obstruct a plane at 35, feet but other planes which are carefully navigated by humans in airport control centres.
Cars on the other hand have firstly the road to contend with, the ability to read road markings, pay attention to traffic lights and then there's the problem of humans, pesky two legged creatures that run in front of moving vehicles, walk along pavements and have the audacity not to keep up with technology and have cars that they drive themselves - don't they know that's dangerous!?! Unbeknown to a lot of people autonomous cars have been on our roads, well mainly in America, driving themselves for a few years now.
People have died. Can anyone understand who can drive who cannot drive with the rules and regulations and minimum requirements for motor trade insurance relating to uninsured cars. Precedents have already been set. Take for instance the Tesla car driver who switched on Autopilot, drove under a truck and hurtled off the side of the road. Was technology to blame or the driver?
Courts found that it was human error because the driver should have seen the truck and had seven seconds to react. Seven seconds. This tech is at an early stage, humans should not be so self reliant on a system and should understand they have to be aware all the time.
Another incident where a person walked in front of another driverless car was proved to be human error, this time the fault of the human who walked in front of the car. As of now, no car or Tesla big rig can be on British or American highways without first gaining permission for routes or without having a human driver present to react, even if the trucks or cars are in convoy.
This is a testing period which if we go by American law, will take ten years initially. That said, it is legal to purchase a semi Autonomous Tesla car or whichever manufacturer comes next and press AutoPilot so insurance policies are changing to reflect this new development. They have to. The UK government via a variety of Bills in the House of Commons have progressed to a point where they have agreed that courts should deliberate in the aftermath of an accident or fault, that insurance companies are to pay out in the event their party is at fault.
Which party is that? Car companies can be directly to blame for an accident as it is, in the main, their software and programming that is assuming responsibility for driver, its own tech reporting and maintenance and that of everyone else and everything else around that machine.
While in the two incidents mentioned human error was to blame, manufacturers will certainly bear the brunt of financial compensation on a much larger scale in the medium to long term. Do you run a car showroom? Independent or across the country? Second hand or new? Does it matter? Yes it does. With a new policy every particular element of a policy is tailored to your needs. That's why you not only need to know where is the cheapest trade insurance price to be found online.
You also have to enquire as to who can supply the best coverage for any given quote. Most businesses understand the need to have a comprehensive trade policy in place. New motor traders may make the mistake of buying into an insurance package that only just covers them and their business activities, and barely. Let's understand why this is a problem. Insurance revolves around risks that may or may not happen. Your premiums are based on these risks when pooled against a whole group with the same risk.
It is then spread across those who have a less risk to bring the cost down further. You may well see to find where is the cheapest trade insurance price and quote for you. But it is all in your control. If you aim for the cheapest traders quote, a problem could arise if your the sums value you are insured for, is less than the claim payout. This isn't good for anybody and being under insured could cost your business dear. That's why you should seek the best deal on trader's insurance and not simply the cheapest premium.
Where is the cheapest trade insurance price in the UK You can lower your risk evaluation by helping an underwriter understand what steps you take to reduce the risk on their insurance company. Our brokers stand ready to help in that aim with tips and advice on how to secure your vehicles better.
Ensure preventative maintenance on vehicles that are more prone to parts failures and breakdown. Whether that be buildings, public liability, Goods in Transit or employer's insurance. We'll help you pool no claims bonuses across all drivers. Making it easy for you to update MID database and driver details with one phone call.
Don't ask us where is the cheapest trade insurance price, ask what is the best motor trade insurance quote for your company and staff. Call today and find out. You would think it a much easier and simple task to research the subject of motor trade insurance online these days. Unfortunately due to the wealth of information supplied by many different websites.
With often contradictory and out of date advice. Seeking an answer to "how do I get information about traders cover for my business" is anything but easy. Until now. Pick up the phone and call us and we'll help you instantly. If for some reason we cannot solve your situation on the spot, we'll take your details and find out how it can be resolved. Far too many businesses involved in UK trade insurance offers are only interested in getting your signature.
Most fail to realise that a broker is there to help you with any and all your questions. It's why we provide 24 hour support so that if you need to change Goods in Transit for a new contract. That you can with ease and in seconds. If you need to pop over to Europe and pick up fresh fruit and veg.
We'll sort your extra EU breakdown recovery days instantly. If you need info about motor trade insurance cover, simply call or email and tops, advice and options on how to reduce your monthly trade insurance premiums will be offered. How you get information about business cover matters to a busy business such as yours. Either spending time on the road as an owner driver.
Or running a fleet of multi type vehicles. Organising drivers, routes and vehicle maintenance. Our insurance brokers and staff are always at hand to help you whatever the situation.
Can you get a discount for parking in a CCTV lock up overnight? Does your policy cover vehicles at home and for personal use? Contracts have changed and now doing lower mileage. Or perhaps you're concerned that your business premises cover isn't up to scratch. Call and ask us how do I get information about traders cover and you will already have done so.
One of the most common motor trade searches is "How do I find the best car traders insurance price online? Too many brokerages these days take the option of offering automated services. With very few enabling prospective customers the ability to chat. The best car trader's insurance cannot always be found by online tools alone. Which is why we welcome all visitors to the website to pick up the phone and chat directly with our staff. Many truckers, car show room owners, valeters and mechanics rarely have the time to search through policy details.
Often the terminology is geared to legal eyes rather than the man on the street. At www. However the finer details are all tailor made to your exact business needs. Do you need combined business premises cover? Which class of Goods in Transit best suits your cargo? Many more simply wish to find a way to reduce their monthly premiums. All of these questions are answered much quicker by telephone than deciphering terms from an online quote that is provided automatically.
You can find the best car traders insurance price simply by enlisting the free services of our motor trade brokers. With years of experience we can show you how to get the best pricing on trader's insurance. How to combine multi type vehicles under one policy. With recommendations on insurer software and equipment that aids your prosecution or defence should a claim arise.
Automated tools and robotic responses can only assist at arriving at a cheap quote. For a quotation on exact price points for a nationwide car sales business or a haulage company with hundreds of trucks and drivers, details are refined after the quote.
We can advise on trade plates, security and more than answer your query of how do you find the best car traders insurance price online. We know who helps you get the lowest traders quote for your motor trade business.
We also know who can drive down costs without you even asking. Insurance, in general, is certainly not the easiest subject to get to grips with, which is why there is often some confusion about exactly what certain policies cover and who needs them. For example, some of our customers struggle to understand the difference between motor trade insurance and every day private car insurance and that can leave their businesses dangerously exposed.
Motor trade insurance is the umbrella term for a group of insurance policies that provide cover to people who work in the motor trade. That includes:. All of these businesses face different risks, which means motor trade insurance policies need to be tailored to meet the specific needs of each. That cover may extend to just the business owner, certain members of the team or everyone who works for the business.
Every motor trader, regardless of their line of work, must have a motor trader insurance policy. However, by law, they only need to choose a policy that allows them to conduct their business at a minimum level of risk.
Motor trade insurance policies generally provide three different types of cover:.
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