wheresoft

by sludgegulper

Different Types of Motor Trade Insurance

Motor trade insurance policy is imperative for you if you are involved in a business that involves buying, selling or fixing cars. Motor trade insurance saves you from financial loss in cases of adverse situations. No matter if you are involved in a small or medium business, motor trade insurance policy is necessary for you.

As the nature of every business is different, there are different sorts of motor trade insurance policies. They involve different types of coverage, and premiums.

There are basically 5 main categories of Motor Trade Insurances:

1. The third-party only motor trade insurance policy
2. Fire and theft motor trade insurance policy
3. Comprehensive motor trade insurance policy
4. Liability motor trade insurance policy
5. A combined motor trade insurance policy

To select a policy, you need to determine the needs of your particular business. You may also get many different features of motor trade insurance policies like administrative benefits, social and personal use of vehicles to particular drivers.

A motor trade insurance policy that is the law for some traders is the third party only motor trade insurance policy. Buyers and sellers, mobile tuners, technicians, valier and fitters are legally required to hold this insurance policy. This motor trade insurance is very important if the insured is driving any car. Fire and theft motor trade insurance is another option with this policy. This kind of motor trade insurance policy includes the protection with the third party only policy, however, it also offers protection in case of fire or theft.

The comprehensive motor trade insurance policy includes similar coverage as the third party only policy, but it also has an inclusive aspect. Comprehensive coverage is motor trade insurance that covers the cost of repair or replaces the insured’s car if it is damaged in some situation other than an accident.

Liability motor trade insurance policy offers protection for your business, while giving service to the public. This motor insurance has an important role, as it covers your hired workers who work on the vehicles. There are 3 types of liability motor trade insurances:

1. Public motor trade insurances
2. Employers and product motor trade insurances
3. Sales and service indemnity motor trade insurances

Many Motor trade insurances overlap each other and only have slight differences. The best way to select one is to consult an expert motor trade insurance agent, who can tell you in detail about all the insurance options and present with you with various motor trade insurance quotes. Evaluating different motor trade insurance quotes will help you set your budget. If you purchase a motor trade insurance policy that is not suitable for your business, you will end up paying extra for your insurance policy – or you may find out later that the coverage you required for your business is not included in the motor trade insurance policy you bought.

Do remember to review motor trade insurance quotes from different insurance companies, so that you can go for the best deal and remain safe from fraudulent companies as well.

Related Motor Trade Insurance Articles

by sludgegulper

Motor Trade Insurance

Anybody who works with vehicles, or sells or deals vehicles, will need motor trade insurance. Motor trade insurance policies tend to cover the driver, not the vehicle, giving the driver greater flexibility and freedom when doing test drives, demonstrations, and moving vehicles on the road and within trading premises.

The first thing an insurer is likely to ask is what type of vehicles you are working with – for example, are they private cars, commercial vehicles, or HGVs?  And next, what is the nature of your business, are you involved in selling / dealing vehicles, or in their maintenance, service and repair? It is very important to have a clear picture of your business to give to potential insurers, to make sure you get quotes covering all necessary aspects of your business.

There are various types of policies that a motor trader can opt for. Some cover road risks only; i.e. risks when actually driving the vehicles, and others offer broader coverage.

If you are in the business of vehicle sales, you will need cover that allows you to test drive and demonstrate a number of different vehicles, as well as collect and deliver them, take them to the workshop for repairs if necessary, etc. usually, this is called a ‘road risks’ policy.

There are different levels of cover, from Third Party only – which is the minimum legal requirement and doesn’t cover you in case of fire or theft – to Comprehensive, which has a much broader level of cover for your and other people’s vehicles.  Insurers will require quite detailed information about the vehicles registered to you or in your care as part of your business, so check with them how this information is submitted and maintained – you want an easy to use and accessible system.

You should also check whether a policy covers+ Social, Domestic and Pleasure use too (referred to as SD&P by those in the know). If it does, that means you can use your vehicles for driving to and from work, for example, as well as in the course of operating your business.  Including SD&P may raise your premium, so think carefully about how you will use your business vehicles.

If you are operating in a showroom, forecourt or garage you must consider premises insurance, which protects your property in case of damage, or theft of, or damage to, the contents of that property, such as machinery, tools, money and personal items.

Finally, there is liability insurance, which goes beyond simply covering damage to or loss of vehicles and property, but also protects you against liability to customers and staff in case or injury or legal grievance.

The law says that if you employ any staff at all, you must have Employer’s Liability Insurance to protect you from compensation claims, should your staff be injured at work. Public Liability Insurance is not required by law, but is strongly recommended as it protects you in case someone is injured on your premises and decides to sue you. And Product Liability Insurance will protect you if a vehicle or part you provide later turns out to be faulty, and causes damage or injury.

Some specialist insurers may offer packages that combine road risks, premises and liability insurance, which are specifically designed for motor traders. It is definitely worthwhile finding out who the best specialist insurers are, and talking through your individual needs with them.

More Motor Trade Insurance Articles

by wallyg

Trade Show Pop up Displays

Pop up Displays are the gift that keeps on giving when it comes to having a great Trade Show Display. A pop up display can come in many different shapes and sizes so there is no limit to what kind of set up you can have at your booth. Pop up’s range from a smaller sized table top version to a large 20′ floor version.

Pop up displays are a true favorite in the display line up because of the versatility and ease of use. Portable, lightweight and very easy to travel with make the pop up a great choice for trade shows, conventions or retail settings. Affordability also comes into play when choosing a pop up display. Pop up displays can be used over and over as you travel to different shows, therefore stretching your dollar.

If you like the look and feel of a floor pop up display you can choose anywhere from an 8′ to a 20′ pop up display.  The 8′, 9′ and 10′ displays will fit nicely in a 10×10 booth area and still leave you room for other displays and of course the sales staff.  If your company is new to the world of trade shows and conventions be sure to purchase new displays from a company with experience in displays and also graphics.

If a table top pop up display is more suitable, the sizing varies a great deal. The table top pop up’s can still deliver a great impact on what you’re marketing – just on a smaller scale. Some businesses are more comfortable with marketing on a smaller scale when first starting out. This is very understandable. A table top can accomplish this for you and still deliver a nice presentation.

Pop up Displays also have the convenience of being portable, easy to store and easy to set up. Most pop up displays can be set up by one person in a matter of minutes. Taking one down after a show is also a breeze. Be sure to have sturdy cases to put your displays in for storage and transport. Pop up displays have a long life when stored well between shows.

Also keep in mind many pop up displays have the option of changing out graphics. Use the same frame and change out the graphics for different shows. You could also consider having a graphic specifically for the showroom floor of your business. Be creative as to where and how you use your pop up display and really get your money’s worth.

The Tradeshow Display Store is your one stop shopping for all of your pop point of purchase needs. Search from over thousands of products, in stock & ready to ship to you. In most cases when your order is placed before 1:00 PM EST on a business day, it will ship that day. The website is available for your reference, to place orders & for general customer service 24/7. Any time you require a more personal touch, we are happy to assist you at 1-888-941-1202 Monday – Friday 5-5:00 PST. With an experienced staff of exhibit and graphic designers, our team can help make your next show a success. Shop or start your display designs today at the The Tradeshow Display Store!