What is Part Time Trader Insurance?
If you’re a part time trader, the chances are that you work from home and deal with small volumes of vehicles. You’ll still need road risks insurance as a minimum, to make sure that you can legally drive the vehicles that you have purchased, or drive customers’ vehicles, in the line of your work.
Are you a part-time trader?
Firstly, you have to decide what kind of business you’re running. Is it sales only? Will you be repairing vehicles part time and selling them on or are you providing a service like maintenance? Once that’s figured out you can start planning to decide if you’ll require a premises or if you’ll be working directly from home. You may even decide that it isn’t worth owning a premises until you experience growth.
Research your market
Doing your homework is vital within this industry. Understanding your competitors, seeing how they work and what offers they have together with operating hours is vital for a head start. Often you’ll find that the majority of people are too busy during working hours for the services you provide so as a part time motor trader you have the ability to take advantage of that sweet spot.
Researching your target audience is key – what they’re looking for, how much they’re prepared to pay and how to reach them is hugely important.
Know who you’re trading with
Each customer is different, so even if you deal with imports, sports cars or classic and vintage vehicles, Bollington may be able to help you. We can also sometimes help younger motor traders who are starting out in business for the first time. And if you trade part-time from business premises, we can offer greater protection using our traders combined insurance.
Whether you repair vehicles, service them or buy and sell them, Bollington has the right insurance to meet your needs, and can also offer AA breakdown cover and motor legal protection as part of our great value package.
Protect your assets
Protecting your business is another consideration to take on board. Over time you can use the finances you accumulate to expand into a new premises or hire people to assist with the business. Along the way, Bollington is able to help.
Bollington are one of the biggest and most respected motor trade insurance brokers selling road risks insurance and because we have access to a range of the UK’s leading insurers – you can be confident that we can offer you a great deal on your motor trade insurance.