New Start-Up Traders Insurance
It can sometimes seem over-complicated and a bit daunting when looking at motor trade insurance for the first time, but that’s where 1st Choice Insurance comes in. We will make New Start-Up Traders Insurance easy for you.
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What is new start-up traders insurance?
A range of motor trade insurance products are available to people who are setting up new businesses. New start up motor trader insurance is designed to assist motor traders as they make the difficult transition into the business world. Individual coverage options are amalgamated to ensure an adequate level of protection.
For example, new traders may require public liability insurance, commercial property insurance, employers’ liability insurance, and road risk insurance just to name a few.
Who needs new start-up traders insurance?
Starting a new business can be a stressful time with so many things to organise during the early days of operation. Most everyone knows how important it is to find appropriate business premises and staff. But it’s just as critical to think about your tax obligations and insurance protection.
Speaking to an insurance specialist is the best way to organise new motor traders insurance for your new motor business. You can choose to purchase individual insurance products separately over time. However, this way of working is inefficient, expensive, and highly risky. It’s much better to combine your insurance in one complete package. The specialist motor trade insurance that we provide at 1st Choice has you covered.
Call 0800 078 7004
Insurance for start up motor traders depends on many factors. These include your jurisdiction, the size of your business, your existing insurance coverage, and the type of services that you provide. While some types of insurance are always recommended, others are optional and some may not be needed at all.
Motor trade insurance designed for start-up businesses is recommended for anyone who is getting involved in the motor industry. Whether you’re starting a mobile service business or setting up a large auto repair shop, it’s vital that you’re able to protect yourself and your customers.
Traders combined insurance is often the best way to ensure long-term protection. They offer a range of business insurance products combined into one affordable and efficient package.
The benefits of new start-up traders insurance
New start up motor trader insurance is beneficial because it provides people with access to multiple insurance products at an affordable price. Combined traders insurance typically includes road risk insurance, business property insurance, employers’ liability insurance, and public liability insurance.
Coverage may also include goods in transit coverage, professional indemnity, business interruption insurance, and engineering insurance among others. Along with the scope of coverage, new traders also need to think about the price of premiums. Younger traders often struggle to find competitive rates during the early years of operation. Fortunately, some insurance companies specialise in new start-ups within the auto industry to address these concerns.
Call 0800 078 7004
What does new start-up traders insurance cover include?
Working with some of the biggest insurance companies in the motor trade insurance industry, we have access to a wide range of policies and can offer quick quotations and instant cover.
With a friendly and knowledgeable sales team, we will make sure that you can make an informed choice and explore all the options available to you.
- Road Risks Insurance Cover – this is the most basic level of cover for motor trade and allows you to drive any of your own personal vehicles, and, for motor trade purposes only, customer vehicles. There are three levels of cover to choose from: Comprehensive, Third Party Fire & Theft and Third Party Only. You can also cover trade plates, additional business occupation and demonstration cover.
- Combined Motor Traders Insurance – does what it says on the tin! This is Road Risks Cover plus a tailored range of additional insurances to protect a business/trader in the event of a claim or loss. This type of insurance is very much dependent on the individual business. Types of cover you may wish to consider could include:
- Employers Liability
- Public Liability
- Professional Liability
- Sales & Service Liability
- Engineering Inspection
- Uninsured Loss Recovery
- Defective Workmanship
- Variable levels of indemnity
- Premises, plant and tool cover (including on-premises cash, stock, office contents, machinery, tools, buildings)
- Additional use for other business occupations
- Business Interruption
- Goods in Transit
Get Start-Up Motor Trader Insurance Quotes
We offer a fantastic service, flexible payment options, documentation via email and instant cover. Let us take care of searching the panel of insurers for you to find your perfect policy, and save yourself time and money!
If you’re a New Start Up Motor Trader looking for insurance cover, 1st Choice Insurance is here to help. Call our friendly, experienced team on 0800 078 7003 - 0300 600 0603 for a no obligation quotation or use our Get a Quote Form.