| This insurance covers one of those slightly grey | | | | Your business is growing and you are employing |
| areas (certainly in the motor trade insurance | | | | more staff, all of whom, if in contact with vehicles |
| policy area) where you really need to be clear | | | | as sales staff or mechanics, will need to be |
| about what you are buying and why. This isn't a | | | | named on the policy and naturally you may have |
| grey area because there's possibly one man in | | | | staff leaving to go elsewhere - all changes which |
| every ten streets of the UK changing the vehicle | | | | have to be made to the driver-only policy. |
| he drives every week or two, and he also knows | | | | Naturally, you can purchase all these differing |
| a man who can fix it for you if anything goes | | | | types of insurances as separate policies, or include |
| wrong. | | | | as many as possible in one, but as a business |
| No, this is a grey area because, to a large extent, | | | | where you will encourage and expect customers |
| this is a commercial form of insurance, even if | | | | to enter your premises (even if it's just a |
| you're only a mechanic and needing the policy | | | | forecourt) you will need public liability coverage |
| cover to deliver the car back to the customer | | | | incorporated into your Motor Trade Insurance |
| (even if that might be the distance from the | | | | Policy. |
| ramps at the back to the dealer forecourt at the | | | | On the other hand if you are just looking to get |
| front). All Motor Trade Insurance has a sales | | | | yourself a third party only, driver-only type of |
| element attached to it, so they will say their aim | | | | policy, you should expect certain conditions to be |
| is to "provide convenience, superior service and | | | | stipulated on your personal, private behaviour also, |
| competitive prices" but many of these companies | | | | as the value of your insurance rests solely on you |
| will require a survey of the site in order for you | | | | as a risk. One thing to remember though, many |
| to be able to take out insurance, and you will | | | | of the 'specialist' companies say that they do not |
| need to make sure that your security and alarm | | | | need to carry out a survey of the premises. |
| equipment is up to scratch - who's going to insure | | | | That doesn't mean that you won't have to |
| you if you're easy to steal from? | | | | provide photos and receipts, it means that they |
| Then there's the type of business you have; you | | | | may not send their man around to check. |
| may find that the 'bend and mend' sector is | | | | Something else to consider is that everybody sells |
| growing, and as a result the value of your | | | | insurance, from the supermarkets to the bank, |
| customer's cars has become greater than your | | | | and if you have sought finance to establish or |
| fixed assets (like machinery). You need to | | | | expand your business then incorporating your |
| increase your cover to comprehensive, rather | | | | insurance with the lender may actually prove |
| than just third party. | | | | more profitable for you. |