Are you in the motor trade and fancy earning extra cash by doing a bit of work from home? Then maybe now is your time to starting making some more money!

A frequent question asked is  what occupation do you need to qualify for a Motor Trade Insurance policy. The answer is – most occupations related to the industry do apply. Whether you do body repairs, change tyres,  mechanical work, wash cars or even break vehicles we can cover you.

As someone in the trade it’s almost a sure thing you’ll be asked to carry out private jobs for people in the local area and obviously it is an extra revenue stream. The problem is that you may be a bit worried in case anything goes wrong – are you insured? Well, a traders policy is what you need. With such a policy you would be covered to drive someone else’s vehicle for motor trade use, but also you can generally add on your own vehicles for no extra charge!

The beauty of a Motor Trade Policy is that you can also cover your customer’s cars to a higher level than your own. Eg  you can add your own vehicle to the policy  - say around £10,000 value – but you may work on vehicles worth £20,000 or even £30,000 – you can split the indemnity whilst keeping the cost lower than having a full higher indemnity. A useful way of saving money on your insurance premium!

You may also like to think about other associated products such as public liability and sales & service liability. This covers you against the liabilities that may arise from a legal dispute with a client following an incident or accident.

In these times of financial austerity having a secondary income is a no brainer – and since there is a huge number of vehicles in the UK there should be no reason why you can’t succeed however big or small your business may be. Just make sure that you have the correct motor trade insurance to cover you for the work you are going to be doing.

Think Insurance, Quality Service and Price

Think Insurance can provide you with a cheap insurance quote today, whether you are looking for a motor trade, home, taxi or commercial insurance policy, leave your details and we will contact you.

A Motor Trade  Insurance Policy should satisfy most of your needs but you should also consider the additional products your broker can provide. There are a whole range of extra tools which may be of interest to you apart from the free help and advice. An excellent example of this is a Camera Guard Policy.

Aren’t we all fed up of seeing these speed cameras? Most of us think they’re a blight on the landscape at best. You add speed cameras to the local constabulary’s vigilance and lets face it these days the majority of us out there have got a speeding conviction! Well if you are in this situation this may be of more than a little interest to you.

What this policy covers is if you receive a ban from a speeding conviction it will financially compensate you. The maximum ban covered is for 6 months long. A camera guard policy covers you for the 6 months - paying you up to £1000 a month in cover for alternative transport whilst you are banned . This can be in the form of any public transport, a taxi, or even if you need to add a driver onto the policy in order to carry on with your motor trade business. You can employ someone to take you to look at cars you want to buy and bring them back – that’s right this policy would cover it!

Getting banned from speeding is an increasing risk, with more and more convictions every year. If you already have a few points lurking on your licence then can you really afford to not have a policy like this?

With this type of cover available from just £24.99 for the year there really is no excuse if you want peace of mind that if the worst happens you can still carry on.

Ask us about adding a Camera Guard Policy to your motor traders insurance today. Think Insurance, Quality Service and Price

Think Insurance can provide you with a cheap insurance quote today, whether you are looking for a motor trade, home, taxi or commercial insurance policy, leave your details and we will contact you.

Thinking of getting a Motor Trade Insurance Policy but however hard you search for an affordable quote you can’t find one? Then you’re not alone and this could be why - your Indemnity level is the stumbling block!

If you are repairing, cleaning or working on vehicles for a living look at the cars you have dealt with in the past. What value are they? If there aren’t generally cars worth more than £10,000 then you may not need what’s called “split indemnity” and the price differential will be low anyway (although it’s always worth asking!).

So, lets talk about split indemnity policies. Is your own vehicle worth less than the vehicles of your customers?  A split indemnity is as simple as it sounds: you have one indemnity level for your personal vehicles and another for your customer’s vehicles. So if your vehicle is worth less than £10,000 and your customers vehicle’s could value up to £30,000, you don’t have to have a £30,000 indemnity – you have an indemnity level of £10,000 for yourself and £30,000 for work. This works out a lot cheaper than having to purchase a £30,000 policy. You can save literally hundreds of pounds with this neat little trick!

If you think a split indemnity policy may be suitable for you ring your Motor Trade Insurance broker today for free friendly advice. Remember – if your broker doesn’t do split indemnity you could end up paying more than the rest of the trade.

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Think Insurance can provide you with a cheap insurance quote today, whether you are looking for a motor trade, home, taxi or commercial insurance policy, leave your details and we will contact you.

Buying and Selling cars? Think Motor Trade Insurance, Think Insurance.

If you go on any car site these days you will find adverts for various cars for sale, be it by a  garage, a trader or just a member of the public. Ever wondered how to get into it, or how they do it? Because adding cars onto your own private car insurance is an expensive option that ends when your insurance company twigs what you are doing! Do you buy and sell cars throughout the year, but find it a huge hassle not being insured to drive them, well here is the answer – you need a trade policy!

A motor trade policy can be useful for a part or full time motor trader. So what are the benefits? There is no cost to add on or remove vehicles. Often the policies have no limit as to the number of vehicles that can go on, be it personal cars or ones for sale. Sounds good? That’s not even the start of it! There are so many different options you can have with the policy that tailoring one to suit your individual needs can be quite simple.

You can trade from home or from a business premises,  you can add demonstration cover, change the level of excess, include additional business use and much, much more. The list goes on and is too extensive to list in this short piece.

The only real requirements of a motor trade insurance covering purchase and resale are:
Age – you generally need to be 24yrs old or above

Licence – you need to have a Full UK licence for at least a year

You must have been a UK resident for at least 3yrs.

You need to be buying and selling! (Although you don’t have to be dealing in large amounts to qualify)

Sound good? Thought so! Some traders we have spoken to believe buying and selling cars is  now be more profitable than ever. With money tight more and more people are buying used cars rather than suffer the depreciation when purchasing one from brand new. In the current climate do you think you could make extra income from vehicle sales? Costing sometimes even less (yes that’s right less) than a private car policy it could be worth a shot.

Check out Motor Trade Insurance with Think Insurance. Quality Service and Price

Think Insurance can provide you with a cheap insurance quote today, whether you are looking for a motor trade, home, taxi or commercial insurance policy, leave your details and we will contact you.

If you work within the car industry and need motor trade insurance you need to make sure that you are fully covered in the event of an accident. Taking out the right trader’s policy could end up saving your business from huge, or even potentially terminal, problems. However, when you start to look for what is best for you it’s not advisable to  go and get the first cheap traders policy you come across. Doing this could lead to you finding out why it was such a low cost option if the time comes when you need to use your policy to make a claim!

When you start your search for an insurer you need to put some time and effort into finding the right one. Choosing a bog standard policy from a company that hasn’t assessed your needs correctly  will more than likely end up costing you less, but at the end of the day you may not be fully covered for all aspects of your work. Take for example a car salesman – if you  didn’t  have demonstration cover added to your  policy then you have to rely on a customer not requesting a test drive, or maybe they are insured on their own car policy(a grey area indeed!). Similarly, a basic policy may not include any public liability cover – this may not be a problem for some businesses but it could make a huge difference to others where the instances of court action are higher. Either way you should expect your insurance broker would talk through these options with you at least.

The best thing for you to do is to speak with a broker who has specific experience related to your industry. They will be able to find a cheap motor trade insurance policy that can be tailored to your needs and include any additions that may be needed. Just remember not to jump straight into bed with the cheapest insurer you can find or you may be left with a headache the morning after!

Think Insurance can provide you with a cheap insurance quote today, whether you are looking for a motor trade, home, taxi or commercial insurance policy, leave your details and we will contact you.

There are car salesmen and women all over the country trading daily – whether it is someone doing it part time in addition to another job or someone working full time in the industry. There will be people who only run a small scale operation dealing with a couple of cars at a time and others who have a whole car lot that is always full. No matter how much you are involved in the buying and selling of cars, you should make sure that you have a sufficient motor trade insurance policy to cover you in the event of any mishaps.

Taking out the correct level of cover can give you protection for a whole host of things related to your work. One of the biggest differences between a private policy and that of a trader is that a traders policy can cover multiple vehicles and you on them. This is obviously going to be extremely beneficial to you if you are going to be handling different cars each week.

A handy addition that you can have with a traders policy is demonstration cover. This addition will insure you so that you can allow potential buyers a test drive in the car they are looking at. There are stipulations that need to be met with this so you should always check with your broker to get the full details. Having this addition can ultimately help you to make a sale as most people will want to take a car out for a spin before they decide on whether or not to buy it.

Another important aspect of these policies is the fact that you can get public liability cover with them as well. This cover can be very important as it protects you in the event of any of your customers having and accident or injuring themselves whilst on your business premises. You may also be able to cover your Sales and Service liability – where any work you have carried out can be covered. As almost all sales people are going to come into contact with their customer, this is cover should be at the front of the mind when looking for the right policy.

Choosing the right motor trade insurance can also mean that you can get your stock, business premises and contents covered as well. This can be reassuringly valuable in the event of anything happening at your workplace.

Think Insurance can provide you with a cheap insurance quote today, whether you are looking for a motor trade, home, taxi or commercial insurance policy, leave your details and we will contact you.