What is Part Time Trader Insurance?
Selling cars in addition to your main job? Or working from home to service or repair vehicles? Perhaps you have a small garage and work part-time doing both these things?
If the answer to any of these is ‘yes,’ then you’ll need motor trade insurance.
What is a part-time motor trader?
Part-time motor traders work in the motor trade industry, but very often, you will often have another job or main occupation, or you won’t deal with a big enough number of vehicles to warrant getting extra insurance cover.
However, you’ll still need motor trade insurance.
What insurance do part time motor traders need?
Most part-time traders work from home, whether they’re repairing vehicles or buying and selling them. If that’s you, you’ll most likely need road risks insurance to insure the vehicles you’re working with. This covers you to drive any vehicles in your possession in connection with your motor trade business.
You can also add accompanied demonstration cover to your road risks policy, if you want to allow people to test drive your cars or other vehicles while you are with them.
For those of you who don’t work from home and have your own business premises – whether it’s a lock-up garage, a small forecourt or a service and repair centre – you should consider traders combined cover, which offers cover for leased or owned buildings as well as stock of vehicles stored on-site.
Whether you work from home or premises, you should also consider employers’ liability and public liability cover to protect against claims of alleged injury from any employees or members of the public. And don’t forget to insure tools and equipment you need to do your job.
Do part time motor traders need specific insurance?
In addition to the standard motor trade insurance covers, you might also consider getting cover for a commercial vehicle as part of your policy. Gallagher often finds that part-time traders have another trade – whether you’re a builder, a plumber or a painter and decorator – so we can also provide cover for this vehicle for you on request.
As your business grows, we can look to provide additional insurance covers to meet your needs. Just ask us and we’ll guide you through your options.
Get a quote for part-time motor trade insurance
Speak to our team for further help and advice on the covers we have available for part-time traders on 01625 854458
View our additional Motor Trade services:
- Road risks only cover
- Third-party, third-party fire and theft or comprehensive cover
- Accompanied demonstration cover
- Transfer or mirror your private vehicle no claims discount
- Public liability and employers’ liability
- Traders combined cover available as an upgrade
- Younger motor traders (21+ for service and repair, 23+ for sales) considered