Part Time Traders Insurance is designed to cover those operating within the motor trade industry but also hold a full time job. Many people wanting a part time policy typically operate in the evenings or at weekends.
We work with leading UK brokers who have access to the most competitive policies to help you Compare Part Time Traders Insurance .
What is Part Time Motor Traders Insurance?
Part time trader insurance is designed for anyone that sells or repairs cars in a more casual manner.
Typically, those who work in the motor trade industry to supplement their normal income are those who will be most relevant to a part-time traders policy. This may include selling, repair and servicing vehicle’s occasionally through the week or at weekends.
Like a standard motor traders insurance policy, insurers may well still require to see trade activity. This is done by providing receipts of vehicles or parts you have used to repair vehicles.
It is likely you will also be required to show a minimum level of vehicles you are repairing or selling. This figure will be considerably lower than a normal trader policy but required all the same.
Most part time traders will find themselves taking out a road risk insurance. If you do not carry out any trade activity for profit, you will probably require a private car insurance policy.
Policies are often very flexible by nature given that you will only be working within the trade industry occasionally and not full time. As such, they are policies that are very basic BUT have many additional features for you to add such as:
- Public liability cover
- Material damage
- Coverage for your partner or spouse
- Single or multiple drivers
- Road risk (as standard)
- Additional business use.
Can I Get a Cheap Part Time Traders Insurance?
Your ability to get a cheap part time motor trade insurance depends primarily on how many years no claims bonus you have and your location. If you have worked hard on building up your no claims bonus on either your private car OR trade policy if you are trading already, then yes, a cheaper policy is more likely.
Trading from a secure and better location will also help this. It is always best to speak to one of our advisors if you are unsure.
Can I get a Part Time Road Risk Policy?
Yes you can! It is by far the most common type of motor trade part time policy taken out. A road risk insurance policy will cover the vehicles in you possession as well as any liability if you choose to have liability cover but NOT any premises. Most part time traders work from home and therefore the premises cover is under the house insurance.
Can I get a combined policy on a part time basis?
You can but it would probably be quite expensive. If you were wanting to insure a premises that would only be used occasionally, we would strongly recommend making sure you have thorough security measures in place.
Why use us?
Here at Total Insurance, we have access to the UK leading traders insurance brokers who use expert insurers such as Tradex. We work hard to review your application details and find you the most competitive broker to help with your policy.Get My Quick Quote | 0203 876 5050