Getting Cover As a Start-Up Motor Trader

Getting Cover As a Start-Up Motor Trader

Starting out in the motor trade can be a daunting thing to do. Depending on the type of business you plan to run, you might need to get a premises, tools, stock, employees etc. This can be a lot of time and work.

One of the major things you need to take care of in order to run a successful motor trade business is the right type of insurance. Below is an explanation of the types of cover you can get as well as some ways to save money.

Types of cover

  • Road risks – Road risks cover is standard is almost all motor trade policies and allows you and your employees to work on and drive customer vehicles as required.
  • Liability claims – Liability claims are always something you should be prepared for so getting this type of cover included in your policy is highly recommended. You can also have legal expenses included in your policy too.
  • Combined policy – A combined motor trade policy provides a way to cover all aspects of a motor trade business. This means you can get cover for road risks as well as covering your premises, tools, stock and cash – all under the same policy.
  • Part-time policy – For those who work in the motor trade on a part-time basis, it’s possible to get a flexible policy that only provides cover when required.

Saving money

  • Get a lot of quotes – When taking out a motor trade policy, you want to make sure you get the best deal possible. The best way to do this is by getting quotes from many different providers. You can get motor trade insurance quotes easily from a site such as
  • Make your premises secure – Taking steps to make your premises secure will help to reduce the risk of theft and vandalism. Installing CCTV, security lights and an alarm will all help to reduce the price you’re quoted for a motor trade policy.
  • Pay annually instead of monthly – Although you will pay more upfront by paying for your motor trade policy annually rather than monthly; the key benefit is that you’ll be able to save a significant amount on the overall cost.