When you take out a motor trader insurance policy, the initial thoughts are most likely to be associated with getting your own and client’s vehicles covered against damage and theft. However, there are numerous additions that you can make to your cover that you may not necessarily be aware of. These add-ons can give you protection in a variety of other ways and can also open up new avenues for your business.
Demonstration cover – this can be an extremely useful extension to your policy if you are going to be selling cars. With this added to your cover, it allows you to let potential buyers take cars out for a test drive – accompanied by yourself for security obviously! This is clearly going to increase your chances of making a sale so it can be a very good idea to look into.
Stock of vehicles – again this can come in handy if you are going to be keeping vehicles on your business premises. Clearly if any damage or theft occurs to these then you will be out of pocket but you can protect yourself against this by getting the right level of cover.
Carriage of vehicles – this is a more specific add-on that is only really needed if you are going to be transporting vehicles on the back of a truck or recovery vehicle. Taking this out will give you comprehensive cover in the event of any damage occurring to the vehicle that you are carrying.
Camera guard policy – if you choose to make this addition to your level of cover then it gives you some form of protection if you are banned from driving as a result of speeding. It is only valid for bans of up to 6 months but in these cases you can receive as much as £1000 per month to use for other travel arrangements. If you need to get about to conduct your business then this could clearly turn out to be a lifesaver.
Tool cover – for any business that regularly needs to use a variety of tools to carry out the day-to-day work, getting this added onto your policy is a must. If your tools get stolen you are either going to have to fork out to replace them or you will be unable to work, neither of which is ideal. With the right form of protection you can ensure that this is not a problem as you can quickly sort out replacements safe in the knowledge that your policy covers them.
There are many other additions and variations that you can make to your motor trader insurance policy and if you are unsure exactly what type of cover you need it is advisable to speak with a broker to get as much information as possible.
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