Some tips on motor trade insurance
Any person who is thinking of starting their own business in the motor trade industry needs to take some serious interest as far as motor trade insurance is concerned. This is a very risky business and you are going to be driving a lot of vehicles and maybe even storing vehicles. You may even be working with specialized equipment on a regular basis.
No matter what happens you need to get insurance as soon as you start your motor trade business or you may be in for a lot of trouble later on. You should get policies to cover the building in which you work and you should not forget to get cover against theft, fire and even storm damage. This is something that many people tend to forget and it can end up costing them quite a lot later on. You wouldn't want that now would you?
Now if you're thinking of opening a new workshop or already have a fully functional workshop, your staff are definitely going to be working with many different tools and specialized equipment’s. These tools are going to be very important for your livelihood and you can't really afford for them to get spoilt now can you? You should definitely get them insured against theft or damage.
A few of the UKs top providers are listed below:
www.lv.com/commercial/products/motor-trade-insurance
http://www.quotezone.co.uk/motor-trade-insurance.htm
There aren't any businesses which you can start in the UK without taking sufficient liability insurance. This is among the most important if not the most important type of insurance which you need to take. Without this, you could face some serious claims from people that visit your workplace.
There is no denying the fact that the motor trade industry is a very dangerous one. There will be oil lying everywhere and the chances of someone slipping on the oil and injuring themselves is very high. They can then file lawsuits in the thousands against you. Paying for this can be quite difficult and I'm sure you wouldn't want that right?
And the last thing I am going to tell you about is employer's liability cover. This is something that will protect you in case one of your staff is involved in an accident while on duty. You, as their employer, are responsible for their wellbeing and if anything happens to them while at work, it is the employer's responsibility to pay for damages.
So now that you know a thing or two about motor trade insurance, what are you waiting for? Start hunting for plans right away.
