subject: Motor Trade Insurance When A Combined Policy Would Be Ideal [print this page] When you set up a motor trade business, there are many things you would have to attend to relating to finance, infrastructure, employees and so on. While most of them are things that you need to sort out and you would have to spend your time and effort to do so, there are other issues that can suddenly crop up and surprise you, requiring you to spend your valuable time sorting them out. One example is the issue of employee safety while they are working, the upkeep of vehicles belonging to customers and so on. You would not like to keep worrying about all this on a daily basis when you have so many other tasks related to your business that you would need to tie up.
The only solution is to get suitably insured to cover any mishaps that can occur without any warning. Mishaps are not only always of the natural kind. Some of them are induced by faulty safety practices and also through human error. It thus becomes essential to take protection under an appropriate insurance policy.
A motor trade insurance policy is the ideal one for those having to work with vehicles as a profession. If you are a mechanic and working in a garage, the chances of a mishap that causes damage to a customer vehicle cannot be ruled out and in the absence of an adequate insurance cover, you could be hauled up to pay damages. That can be a severe blow to your finances and you might not even be able to afford it. Similarly, while working on a customer's vehicle, it is possible that due to some error, the car becomes dented during repair. The customer would not be amenable to accepting this as a mistake and simply forget about it. He would demand that the necessary restoration is done quickly and this is again where without appropriate insurance protection, you would have to foot the bill.
The motor trade insurance policy takes care of all these work-related situations and allows you to focus on your job without worry. Your job requires concentration and that can happen only when your mind is not filled with stress over something going wrong. Insurance policies provide that peace of mind and enable you to go about your function confidently. Any cost that is incurred due to damage while working is picked up by the insurer.
The next question is how to choose a policy that is most appropriate keeping in view its effectiveness, as well as cost. Well, single motor trade insurance policies that provide cover to your employees, customer vehicles, premises and so on would be the ideal solution. This would enable you to not only get good service from the insurance provider and possibly better premium rates but will also help you manage your insurance needs better and save you valuable time. Taking multiple insurance policies each covering a different requirement can make it difficult for you to manage renewals and follow up on claims.
by: Neil Anderson
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