Listen to Coronavirus Patient Zero
Motor Trade Insurance: An Absolute Essential, Part 2
Motor trade insurance is a necessity for anyone that makes a living in the motor trade industry. The hardest thing about motor trade insurance is picking a plan that fits your needs and also fits your budget. If the motor trade insurance is not a good fit for your business and you do not find the best price possible, this insurance could actually be a cancer on your business instead of a cure. Many different companies offer many different plans with a wide range of monthly premiums. I think that the best way to find the perfect insurance for your business is to use an insurance brokerage company. An insurance brokerage company can help you tailor a motor trade insurance plan to your needs, get you the best price, and also help you get money when you have to make a claim.
An insurance brokerage company can help to find a plan that fits your business, because they have a bunch of different insurance company contacts that they can tap into to get you what you need. It would take you about two to three times as long to get in contact with the insurance companies that the brokerage company can contact, and sometimes you might not even be able to contact the same companies. Also a brokerage company understands all of the insurance jargon that insurance companies use, so they can move quickly to match your needs to a motor trade insurance plan. Also since the insurance brokerage company has access to so many insurance companies they can put pressure on them to get you the best price possible. An insurance brokerage company can help you get paid the money you deserve on the claims you file.
Many of these companies have their own claims person that works for you to try to get the money you deserve from the insurance company. This is not so easy to do on your own, because once again it is hard to understand all of the terminology used in the insurance business. If you are in the motor trade industry then you need to have motor trade insurance, and your best bet is to use an insurance brokerage company to get exactly what you need.