Part-Time Motor Trade Insurance
If you’re a part time motor trader, you still need to ensure that you have adequate insurance in place, whether you work from home or from trade premises. Part time motor trade insurance will make sure you are fully covered.
What is part time motor trade insurance?
Part-time motor trade insurance is designed to protect people who are working part-time in the auto industry. This category of insurance includes a wide range of individual protections, including third party insurance, property insurance, and business income insurance among many others. Motor trade insurance is available in different configurations depending on your needs.
For example, people who operate part-time businesses often need a flexible business solution that is more affordable and easier to initialise than full-time insurance. Part-time motor trade insurance has been designed to meet the needs of part-time traders. While the range of services available will be similar to full-time policies, part-time traders insurance understands the unique needs of small businesses and provides them with an affordable alternative.
Common protections available in part-time contracts include public liability, commercial property insurance, road risk insurance, fire and theft and many others. Whether you’re working from premises or running your business from home, part-time traders insurance allows you to customise your coverage to meet your working hours and conditions.
Who needs part time traders insurance?
Part-time traders insurance is recommended for anyone who is operating an automotive business on a part-time basis. While the exact hours of operation will differ between insurance providers and contracts, generally speaking, someone is said to be part-time when they are working substantially fewer hours than the standard 40 hours per week.
This may apply if you’re selling second-hand cars from your home, restoring classic vehicles at weekends, or setting up a repair shop for two or three days each week. Regardless of the type of business, you’re operating, a part-time traders policy is a great way to get customised protection for your business in a flexible and affordable package.
The benefits of part time traders insurance
Motor trade insurance is designed to protect people in a wide range of automotive professions. Whether you need a road risk only policy or a combined motor trade policy, we recommended this type of insurance for anyone who is generating money from their business and working with the general public.
While many auto businesses require robust full-time traders insurance, these comprehensive policies are often overkill for small operations, home-based businesses, and new start-ups. We provide part-time cover for people who require a more flexible and affordable alternative. If you’re starting a part-time auto business, speak to our experience insurance brokers and get a part time motor trade insurance online quote.
There are different types of cover available, including:
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 a part time motor trade insurance online quote
Our team at 1st Choice Insurance believes that everyone deserves great value on their part-time motor trade insurance policies, which is why we offer great value for money with incredible savings. Call us today on 0800 078 7003 – 0300 600 0603 or complete our Get a Quote Form to request a call back from a member of the team.