An insurance broker provides an intermediary service, or can provide its own products (known as a delegated authority scheme), allowing a broker to give you specialist cover that you might struggle to find elsewhere. Brokers can search for the right policy on your behalf with a number of different insurance companies, to get you the best deal based on your individual circumstances.
Rather than simply using an online motor trade quotation, which might not take account of exactly what you need, an insurance broker has the additional ability to find products that are more precisely suited to your business, potentially saving you money in the process – not to mention a lot of phone calls where you would otherwise be repeating your details!
We have the expertise and long-standing relationships to get you the best deal from a number of insurers.
Bollington Motortrade is the leading UK insurance broker for motor trade insurance, and has been selling insurance cover since 1973. We have a number of insurance companies on our panel, regularly reviewed so that we can negotiate the most competitive insurance packages with for our clients. Insurers across the business include the likes of Aviva, NIG, Travellers, Allianz, Covea (formerly MMA), Tradex and Axa. As we are one of the most widely known and well-respected companies, most other motor trade insurance brokers do not have as many insurers to call upon, we have wider access to schemes to be able to offer you the best price and the best cover.
We approach the insurers and get the bigger picture for you
Essentially, insurance companies provide you with the cover, whereas the broker will source the insurer for you. Motor trade insurers are interested in dealing with underwriting and claims made but as motor trade insurance brokers, we handle much of the rest. Our claims department will actually negotiate with insurers on your behalf in many cases. We make sure that you get the right deal at the right price, because it is very easy to sign up to the wrong insurance package, and it is very easy to underinsure or overinsure your business. It is equally easy to invalidate your policy by making mistakes when taking out cover, without necessarily realising you have done so.
Bollington Motortrade approach numerous insurers to get you an indicative quote once you meet the criteria. We also have the authority with many of our insurers to issue documentation on their behalf. This is due to the trust we have built up over the years with each insurer on our panel.
Once the quote has been given, we will happily call you back to discuss whether you wish to accept the quote and take out cover.
Watch out for fraudulent ‘insurance brokers’!If you are thinking about buying insurance directly, don’t get tempted by adverts on sites like Facebook. Use the Financial Conduct Authority to check how legitimate a company looks. This will give you a registered number if a business is genuine.
