subject: What is Combined Motor Trade Insurance? [print this page] What is Combined Motor Trade Insurance?
As someone working within the auto-trade industry in any capacity, whether you are a mechanic or a car salesman, you need to ensure that everything you do is done in the most efficient way for your business. The state of the current financial climate makes this even more important for anybody who runs their own company or who is self-employed. Making the decision to take out a combined motor trade insurance policy can help your business reduce costs and save time, but what exactly does this policy cover?
As the name quite obviously suggests, these policies are a combination of different types of cover that you may well need as part of your business. Taking out combined cover will give you road risk protection, liability cover and also protection for your premises and contents. Whether or not this amount of protection is going to be needed depends on what you do.
Lets say for example that your business involves you regularly having customers coming to your work premise's, in this case liability cover is a definite must-have. With this in place, you will be covered in the event of them injuring themselves whilst on your property, saving yourself from a potentially crippling claim against you. On the other hand, you may not have a business premises or any tools to worry about, in which case you may not have to bother with the buildings and contents aspect.
Before you decide to take out any type of cover, it is always worth taking a short while to think about what you need. If you want to talk about your possible options then it is advisable to give your broker a call and then can determine whether a combined motor trade insurance policy is right for you. It may not necessarily be suited for all companies but it is worth considering if the cover that can be provided relates to the work you do. At the end of the day, it is always going to be better to be insured for something that you may consider very low risk than ending up not insured and facing a large claim.
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