subject: Motor Trade Insurance Benefits Valet Service [print this page] If you provide a service within the larger motor industry it is necessary for you to have the appropriate insurance. Your service or business would fall under the umbrella of Motor Trade Insurance. However, because there are so many different kinds of services covered by this umbrella, it is necessary to specify exactly what service you provide. It is only by being specific you will get insurance cover that meets your unique requirements.
A good example of a very specific kind of provision in the motor industry is a valet service. The person who provides this service is often responsible for very expensive luxury cars. This means, he or she takes responsibility for the thousands of pounds those cars are worth. A valet business must make sure it has the kind of insurance that gives protection against any collisions, scratches or damage that may occur to the cars while in the hands of that business' employees.
It is impossible to be certain an accident or mishap will never occur. When it comes to expensive and shiny cars, even the smallest of marks will be noticed and makes a difference. It is important to remember even the smallest mark on such a car costs a lot of money to repair. Appropriate valet insurance will cover the costs of such expenses. In the event of more serious accidents, like a collision, you and your employees will also be covered for medical expenses.
It makes sense to realise your business may prosper because you have the right insurance. Customers who drive economy vehicles don't want to hand over their vehicles to a valet service that is not insured. You can be very certain customers who drive expensive vehicles won't even consider dealing with such a business. Whether customers driver economy class or luxury vehicles the reason is the same. A valet business with no insurance is a risk. If you have sufficient insurance it will make potential customers feel at ease and your business has the best chance to grow and prosper.
To make the running of your business smoother you should consider a Motor Trade Insurance company that provides your valet business with a claims management service. This will save your business a great deal of time when customers file claims against your business. They will efficiently evaluate and facilitate each claim as it comes to their attention. Not only is the service carried out on your behalf but it is the most competent means of keeping your costs and paperwork in order.
UK law requires any business that operates within the motor industry to carry a legitimate Motor Trade Insurance. If you are an employee in a valet business it is your right to ask your employer to have an insurance related to a valet service. This is the best means of knowing you have the kind of insurance that protects you against any claims from customers. It also protects you against the cost of any injuries you may incur while carrying out your duties.
by: Paul Delaney
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