What is Combined Motor Trade Insurance?
Combined Motor Trade Insurance covers not only your business activity but a separate premises as well and finding that policy has never been easier!
We work with UK leading Motor Trade brokers who have access to some of the most competitive policies.
If you are a trader that operate away from home using another premises owned by you, then a combined policy is what you will require. If the premises you use is rented and your landlord insures it, you may only still require a road risk policy. It is wise to check with your landlord though the insurance on the building and speak with an advisor accordingly.
Typically, if you are looking to cover things such as your tools or have cover such as public liability, then a road risk policy is what you will be looking at.
Are combined traders policies more expensive?
Yes, as a combined policy covers more than just vehicles, they do typically carry a slightly bigger price tag. Having said that, they are not always as expensive as you think and the additional peace of mind may be worth the small additional cost.
Can I get a Cheap Combined Motor Trade Quote?
Like all insurance policies, your ability to gain a cheap combined policy depends on how you operate and look after your motor trade business, the area you operate in as well as the work you carry out along with other factors. If you work hard on building a good No Claims Bonus and look after your business properly, then the chances of an extremely competitive policy are in your favour.
What is included in a combined motor trade policy?
If you are a motor trader that owns a business premises, a combined motor traders insurance policy should ensure that you are covered for all possible outcomes, and enable you to work with total peace of mind. Whilst regular policies may appear cheaper at first glance, it is crucial that you make sure you have the correct combined insurance policy to suit your needs.
Motor trade combined insurance policies wrap all different aspects of business insurance into one effective and efficient package to keep things as simple and manageable as possible.
Road risk policies cover you for driving vehicles that are not your own, such as picking up or delivering customers vehicles.
The building itself
As well as cover for vehicles that are not owned by you, a combined policy will also make sure that your trading premises is covered in the event of any accidents or damages that may occur. It is suggested that you cover against flood, fire, accidental damage, malicious damage and subsidence.
If you rent the premises, the building is likely to be insured by your landlord. However, if you have carried out improvements to the building such as CCTV, flooring, professional or even better lighting, then these are unlikely to be insured and as such, suggest you include these on your own policy to ensure you don’t need to pay for them all again should you suffer a fire.
Combined policies also tie in employer’s liability, which applies if you have any staff employed within your business.
Money on Site
Money on site can take many forms such as petty cash used to pay for deliveries etc or large sums from multiple car sales. Although it is expected this will be kept in a safe, if the safe is not fully secured in place or of a sub-standard, it is strongly recommended you cover on site cash.
However well prepared you are, sometimes there is no prevention to an accident. Accidents can cause complete financial devastation if left uncovered. Combined policies contain public liability insurance, which means that your insurance will pay out if a customer or member of the public is injured, or if their property is damaged because of your business.
What else can combined policies include?
- Professional indemnity
- Material damage for buildings, contents and vehicles
- Interruption to your business
- Employers’ liability
- Public liability
- Engineering inspection
- Cover for goods in transit
- Road risk cover
How we can help
Whilst you might know that you need a combined motor trading policy to get yourself up and running, we understand that the whole insurance process can often prove to be a huge hassle, and can sometimes be overwhelming.
With years of refinement, broker management and building an incredibly knowledgeable customer care team, we have refined their comparison process to just 3 simple steps, to make sure that you get the best price possible whilst ensuring you are covered for everything you require to run a successful business enterprise.
In just 3 simple steps you could be on your way to saving up to 65% on your renewal price:
- Give us a call, or fill out our quotation form
- One of our professional customer care team advisors will get in contact with you in a matter of minutes
- Based on your specific details, we will track down the most competitive brokers for you – saving you both time and money!
Here at Total Motor Trade Insurance, we make sure that we use only industry leading brokers that have access to the most competitive policies on the market.
We have been sure to create strong bonds with our board of brokers which means that we have access to short-que call lines – get your quote within minutes!
Our staff are experienced and knowledgeable, and place customer care at the forefront of their endeavours, we strive to help you get the best out of your policy at the cheapest prices.