Cutting corners on your policy could cost you your business!

Cutting corners on your policy could cost you your business!

Cutting corners on your policy could cost you your business!

We understand that businesses choose to pursue the cheapest ventures in order to generate as much profit as possible. It is the simple concept of how to maximise business revenue and generate as much profit as possible. However here at Motor Trader Insurance Compare we can’t stress enough how important it is that you make sure you are careful when trying to minimise the cost on your policy. Cheaper isn’t always better! It certainly looks more attractive, but may ultimately lead to the dismissal of genuine threats to your business that may return to haunt you. Indeed, if you were to take out a bare bones policy when your business calls for extensive cover, your business may turn out to be vastly under insured and if something were to happen, may result in severe costs to your business.

Now we have discussed the threats of how taking out cover that is too bare bones for your business may seriously harm it, it’s time to discuss how to safely save money on your policy.

Firstly, it could be a case that putting all your motor trade business insurance into one place using a combined policy could end up saving you a lot of money. The combined policy ensures that your businesses buildings, vehicles, and assets are covered in one policy, which will allow you to search and compare prices with ease, without having to worry about calculating how different add-on’s may affect different policies.

To cover fire, theft and third party damage and to ensure all liabilities and indemnities are fully insured, will put you in contact with brokers who will only ask for the necessary details and will not delay when trying to give you a quote.

If you are between the ages of 30 and 60, generally prices tend to be better than if you are outside these brackets, this isn’t to say that it is impossible to get a good quote in these circumstances, but over the age of 30 will definitely improve your chances of getting a cheaper quote.

Knowledge is power

The key to getting cheaper motor trade insurance isn’t cutting corners, its knowing your way round the insurance industry. It takes traders numerous years to become knowledgeable with their insurance, but whilst some veterans have had years of experience, other new ventures may often feel overwhelmed. are happy to deal with both types of customer. If you have years of experience in the industry and know exactly what type of policy you would like for your business, our brokers will be more than happy to only ask for the necessary details in order to save time and get you quoted as soon as possible. If you are newer and want the details of your policy explained, our brokers would also be happy to break your policy down so that you know the ins and outs yourself, and don’t purchase a policy that you don’t fully understand. Whatever the circumstances are here to help. Feel free to apply for a quote today, and find out whether we could save you up to 60% in a matter of minutes.

2017-06-11T13:50:27+00:00June 15th, 2016|