Traders Commercial Auto Insurance
Does your business employ staff to drive or handle vehicles? If so, you need specific commercial auto insurance to protect your business. This also applies if your own personal cars that are also used for your business. This is also referred to as motor trade insurance or traders’ car insurance. Car accidents and other incidents can happen even to the best drivers, so it’s important to always be insured. The process doesn’t have to be intimidating, or time-consuming. All you need is access to a computer and you can get traders auto insurance quotes online.
Policies for All Types of Businesses
If you have commercial auto insurance, your business and staff are covered. This includes while driving, doing maintenance, or otherwise interacting with the vehicle. Remember, these automobiles could be involved in an accident at any time, so it’s important to get adequate coverage.
Either way, your business is covered from a potential lawsuit if you have adequate coverage. It doesn’t matter how seasoned your employees are. Traders car insurance can cover almost any driver, from teens to seniors. Your insurance could also cover accidental damage caused by an employee during maintenance. Get a free online quote and compare direct rates online in less than five minutes.
Who Needs Traders Business Auto Insurance?
Commercial auto insurance is very common, for small and large businesses. Some examples of businesses that need this insurance are car dealerships and mechanic shops. It’s also handy if your business gives customers the option of taking the vehicle home at night. Of course, these are only a few examples. The general rule is that you need to maintain high limits that protect that asset of your business. This applies whether you are part of a larger company or run your own small business.
If your business needs commercial car insurance, you should start with careful research before choosing a policy. It’s also a good idea to shop around for quotes. Thankfully, it’s easy to shop for traders insurance online. Your only investment is your time and quotes can be delivered in about five minutes.
it’s well worth your time to get the best deal for your business and save the most. While Traders commercial auto insurance might cover other drivers as well, this coverage is not likely to be comprehensive. You want to have the best policy for your business already in place and be proactive, not reactive.
Flexible Coverage Options
Traders commercial auto insurance has policies for almost any budget. Whether you are a 10 million company or own small delivery business with two trucks, we can help you get covered for less. Research is important here because you want to get the best coverage possible for your budget. You also don’t want to pay for coverage you won’t use, like rental car insurance, but you also don’t want to be under-insured. That said, there are some common features in traders’ car insurance.
Quality Insurance Coverage
Some important coverage types to consider:
- Road risk
- Liability insurance (for the employer, the public, or the product)
- Material damage
- Motor and trade insurance
- Extra drivers
- Specific vehicle types
Road risk refers to coverage for driving a car on a public road or highway. This is needed for a number of reasons. Perhaps your staff delivers cars or test drives them as part of vehicle maintenance. If your business’s staff doesn’t need to drive the car in public, road risk coverage may not be necessary. Instead, you might want parts-only coverage. If you do need road risk coverage, you can opt for comprehensive coverage, third-party coverage, or third-party plus fire and theft coverage. These options can be weighed when you get insurance quote online.
If you are an employer, you want employers liability insurance. This coverage is important if you have employees, even if they don’t drive your vehicles. Employers’ liability insurance will protect your business from claims submitted by your staff.
Public liability insurance is similar, but covers claims made by the public rather than your staff. With this sort of liability insurance, you and your staff are covered against claims submitted by customers or the general public.
Product liability insurance is important if your business includes adding or changing the parts to a customer’s car. If you or your staff fit a new part that turns out to be defective, you will be covered.
This coverage applies to vehicles or automotive equipment owned by your business. For example, if your business is a motor dealership your unsold cars will be insured. Material damage coverage may automatically include increased value based on buying patterns. Most new registrations occur in March and September.
Motor and trade insurance
Combining motor and trade insurance gives your business coverage against road risk, your equipment, and your premises. Going with combined coverage is often cheaper and easier than getting multiple separate policies. Still, you want to make sure that your business is fully covered. This can be part of the research you do when looking into a traders commercial auto insurance policy.
Ideally, your business will have coverage for all staff. Unfortunately, “any driver” coverage is often the most expensive. If cost is an obstacle you encounter while getting your business going, you have the option of naming specific insured drivers. You could also opt to limit coverage to a smaller group of employees.
It’s important to keep in mind the types of vehicles you or your staff will drive. Coverage for all types (cars, vans, etc.) will be very costly, just like coverage for “any driver”. Just as you might limit coverage to a few employees, you can limit coverage to specific vehicle types only. This should be customized to your business’ needs and budget.
Now that you’ve learned more about traders commercial auto insurance, it’s time to get a free online quote. You value your business and there’s no time like the present to start protecting it with a good insurance policy.