What is Part Time Motor Traders Insurance?
Part Time Traders Insurance is designed to cover those operating within the motor trade industry on a part time basis whilst also holding 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 .
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. It is likely you will only require a private car insurance if you do not operate for profit within the car trade industry.
Policies can be very flexible given that you will only be working within the industry occasionally and not full time. Typically a part time traders policy will be very basic but provide multiple and various add-ons that can include.
- 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.
What can be included?
Your part-time traders policy can be tailored to cover multiple aspects. It is completely tailorable like a normal policy but will be designed around less trading.
For those buying and selling vehicles say on a weekend or just in the evening, this policy is ideal. I you don’t sell vehicles and you just work part time repairing them, then again, this policy is ideal as it can be tailored directly to your needs.
If you employ people, it can include employers liability as well as various other insurance covers such as liability insurance but you may be looking at more of a combined insurance if you require a lot more cover for things such as premises.
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.