Fixing cars on the weekends or selling cars in the evening runs as high a risk as a full time mechanical workshop or car dealership, this is why part time motor trade insurance is imperative.
Think about it. A customer drops a car with you on Saturday morning. You need to test drive the car to see what's wrong with it and what repairs need to be done, that is the same risk a full time business would need to take.
Having the right cover even if you only carry work out for ten hours a week will make all the difference should an accident happen. Don't despair there are ways you can save money though. You can include you private vehicle and your spouse onto the policy, this way you can cancel your private cover and save yourself some money.
If you have a friend who comes over to help you when they have the time, don't add them as a multiple-driver, the fewer drivers you have the lower the premiums.
In order to qualify for this important protection you need to prove that you have a valid UK or EU driving license. You also need to keep records of all the income you bring in and show that you have a full time job where you pay tax and national insurance through the PAYE system.
If you are fixing cars for family members free of charge or helping friends find the right vehicles to purchase without charging for your time, you will not qualify for this type of cover.
Selling vehicles in the evenings may be your passion. You sit at a desk all day and when you get home you get to interact with people, make sales and enjoy what you do by selling cars from home. Obviously your potential customers are going to want to test drive the vehicle before they purchase, the same as they would from a full time dealership. You need the same protection of a dealership, if not more. Demonstration cover enables customers to drive vehicles without the risk.
Thinking about it if a customer has an accident in a car for sale from a dealership, they are so big they can absorb the loss if they don't have adequate cover. But if this is your passion on weekends, you have already paid out a large sum of money for that vehicle and it would be a tremendous financial loss for you if this happens, but with part time motor trade insurance you can be protected all the way.
Vacant Property Insurance Contract Surety Bonds Modern Insurance Tips Professional Indemnity Insurance Protection for the Self-Employed Maximize Business Coverage By Finding The Right Provider If You Own A Care Home Then The Correct Insurance Is Critical
I’m going to read this. I’ll be sure to come back. thanks for sharing. and also This article gives the light in which we can observe the reality. this is very nice one and gives indepth information. thanks for this nice article... Motor Trader Insurance
ReplyDelete