Category: Insurance

Traders insurance is a type of cover for those who operate a motor trade business. There are many types of businesses that can benefit from getting a traders policy, including car showrooms, mechanics, auction houses, tyre fitters and MOT centres just to name a few.

Below is some key information about traders insurance, including types of cover and ways to save money.

Types of cover

• Road risks – This will enable you and your drivers to drive and transport customer/company vehicles and be covered for any accidents. You can choose from a third party only policy up to fully comprehensive.
• Public liability – It’s very important that you cover yourself for liability claims from members of the public when you run a motor trade business. Liability claims have become much more commonplace in recent years and they can often occur when you least expect it. You can have legal fees included in your policy too.
• Employer’s liability – You’re also able to get cover for claims from your employees included in a trader insurance policy.
• Combined cover – Combined insurance is a very useful type of cover for motor trade businesses. It will protect every aspect of your business from vehicles to your premises, stock, tools and cash.

Eligibility

There are certain criteria you must meet in order to take out a traders insurance policy. Some of the essential criteria are –

• You must be at least 21 years of age
• You must hold a full UK drivers licence
• You must be able to prove that you have a motor trade business

Ways to save money

• Get a lot of quotes – Getting quotes from a lot of different providers is one of the best ways to save money on traders insurance. Being able to easily compare quotes will enable you to make an informed decision on your cover.Traders-insurance.com Motor trade insurance is an excellent site to get traders insurance quote from specialist providers.
• Make your premises secure – Another good way to save money on traders insurance is to make your premises as secure as possible. Taking measures such as installing CCTV and security lights will help to deter thieves and vandals and therefore reduce the cost of your cover.
• Hire good people – Hiring good staff is another excellent way to lower the cost of traders insurance.

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If you’ve ever considered becoming an Uber driver then below is a handy guide to help you decide if it’s the right career move for you.

First let’s look at the pros and cons of the job.

Pros

• Flexibility – One of the big pros of being an Uber driver is that it gives you a huge amount of flexibility. You can choose to work as much or as little as you want. There are very few jobs that come with this level of flexibility and it’s something that many Uber drivers enjoy a lot about the job.
• Meet new people all the time – Another big pro of being an Uber driver is getting to meet new people all the time. Not everyone you meet will be friendly and want to chat but constantly meeting new people certainly prevents the job from becoming boring.
• Work for yourself – Although you have to maintain certain standards to continue working as an Uber driver, you don’t have a boss breathing down your neck while you’re working, which is a big bonus.

Cons

• Cost of insurance – However by using a service such as Multiquotetaxiinsurance.co.uk private hire insurance cover you can save money on Uber insurance by easily getting quotes from a range of different insurance providers.
• Can be dangerous – There’s no getting away from the fact that they’ll be times when you’ll have to pick up drunken/belligerent passengers. Such passengers can quite easily turn aggressive and it’s not unheard of for drivers to be attacked while on the job. To help prevent such incidents it’s highly recommended that you have in-car CCTV.
• Cost of maintenance – You also have to think about the cost of maintaining your car. Repair and petrol costs can be quite high when you’re on the road a lot and there’s new people constantly getting in and out of your cab.

Requirements

If you decide that you do want to work as an Uber driver then there are certain requirements you’ll have to meet to quality. These include –

• Having your own vehicle – Uber do not provide their drivers with vehicles so you’ll need to have your own car in order to work as an Uber driver.
• Having your own insurance – When you work as an Uber driver you need to make sure you have a good insurance policy that covers you for the risks of the job. That’s why it’s important to get Uber Insurance from a reputable insurance provider.
• Be eligible to drive – You will of course need to be eligible to drive in order to work as an Uber driver. This means being at least 21 years of age and holding a full UK drivers licence as well as a private hire licence.

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If you run a business that relies on the use of vehicles for its day-to-day operation then it’s essential that you can get them insured.

There are so many risks that come with running a business, especially where vehicles are involved, so it would be incredibly foolish not to get the right cover.

Below is a guide to business fleet insurance that includes FAQs, the benefits of getting fleet insurance and where you can find cover.

Fleet insurance FAQ

What type of fleet insurance do I need to get?

This will depend on the type of business you run. Because there are so many types of businesses that can make use of fleet insurance, the risks and therefore types of cover you need can vary quite a lot. You’ll often find that there are policies available for your particular type of business. For example if you run a taxi firm then you’ll want to seek out a taxi fleet insurance quote.

What cover options are available?

Some of the main cover options you’ll find in a fleet insurance policy include –

• Road risks
• Liability insurance
• Breakdown cover

What type of vehicles can I cover?

Most types of vehicles can be covered under a fleet policy as standard, including cars, vans, motorcycles, lorries etc.

If you have specialist vehicles that you need to insurance, such as high-end sports cars, then it’s probably a good idea to speak to insurers on the phone to see if they are able to provide cover.

How much will fleet insurance cost?

The cost of a fleet policy will vary depending on a few factors, such as –

• The number of vehicles you need to insure
• The security of your vehicles
• The security of your premises
• Named drivers
• Where your business is located

The main benefits of fleet insurance

Some of the main benefits of getting fleet insurance for your business include –

• Save time
• Save money
• Insure multiple vehicle types together
• Peace of mind that your business vehicles are protected

Where to find fleet insurance

There are many excellent providers of fleet insurance so you shouldn’t have too much trouble finding the right policy for your business. Sites such as  https://www.cheapfleet.co.uk/ make the process of getting fleet insurance quotes incredibly quick and simple.

Always be sure to get as many quotes as possible since it’s one of the best ways you can save money.

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