The Positives Of Getting Motor Trade Cover When Working From Home
Working from home as a motor trader is a dream move for some in the industry that have worked full time in a body shop or MOT centre for ten or twenty years, even forecourt sales can take its toll. It can be less stressful although not stress free. Commute times absolutely negated and while driving will still be necessary whether looking at cars to buy, running a breakdown recovery service or being a valeter, you don't need to beat the traffic to get to work and you're already home. Insurance payments are a cost we have grown accustomed to. Even with a never ending no claims bonus it is still better than risking a total write off or being sued and losing your home because of a vehicular accident. When working from home as a new start it be difficult to find an insurer willing to take the risk on and therefore premiums are often paid monthly or on a pay as you go basis . This is why when working from home as a motor trader you don't get to escape the cost of part time or full time trade insurance, however that's a good thing.
While your home insurance will definitely not adapt to your new work from home activities in relation to vehicle repairs, you'll still need a form of trade insurance to buy and sell cars. It is cheaper to do this with trade plates and you can only have access to these if insured in the motor trade. A boon if you will. Being insured for carrying out work on other cars, owning multiple vehicles, being able to drive sports, vintage or HGVs and demonstrate is an activity that will be enjoyed and we hope profitable. However any amount of situations can develop when working with those vehicles, other people's too and the fall out could be financially destructive. So thus cheap trade policies are ideal for part time business owner just looking to expand over time Anyone buying and selling cars, operating a repairs service, hosting a breakdown recovery truck or being a valeter should make a motor trade cover work for them in a positive manner. Specialist motor trade insurance brokers are ideally equipped to narrow a policy to your needs, cutting out all the policy particulars that may make trading a little hard to achieve if the monthly premiums are too high. Higher premiums often occur where the employer has drivers with convictions and it is really vital to get an online quote to see what is available.
A new motor trader might be new to the insurance market but the broker instantly knows what you do, the cover you need, the likely risks and even the odds of a claim coming through for a failed exhaust replacement on a classic car you haven't bought and sold yet. It's important you advise a broker about exactly what you will be doing and a policy will be stripped to the bare bones and supplied for your exact needs. Reducing premium costs and increasing margins of profit. This is done on a monthly business and is a benefit and advantageous aspect of a pay as you go policy that is found online . Are customers coming to view cars you have repaired or recently bought, done up and looking to sell? You'll need public liability insurance either on a pay monthly or pay as you go basis. Are vehicles parked in your own home's premises or do you use a few garages set aside elsewhere? You may need a part time trader's combined cover for the additional plot.
Getting the right deal with an online quote
While your private car insurance may enable you to drive other cars, it may not allow you to repair, pick up and drive, known as a demonstration clause. A monthly policy could work out less expensive than an annual policy which is suitable for a home operator. A part time work from home motor trade cover policy will aid in expanding your business, lowering costs with trade plates and enabling better management of the Motor Insurance Database and the lower insurance offers and premiums at renewal time. Overall a motor trader working from home is paying less (nothing) on business premises, related taxes, perhaps saving on employee liability insurance by outsourcing work and is home when work needs starting and is home once it is finished. Be sure to discuss with your motor trade insurance broker how to lower costs further with oan online quote direct with the insurer.
Your home will now be your business, the assets within have increased and so have the liabilities. Additional security may be necessary and a commitment to ensure tools and equipment are not only more secure but not endangering any visitors to the home. A separate entrance or walkway is also an incentive to lower premiums. Make motor trade cover a positive on your business endeavours, not simply a premium to pay.