Great Ways to Save Money on Courier Insurance

Great Ways to Save Money on Courier Insurance

If you work as a courier, whether you work for a company or freelance, you’ll want to take every step you can to save money. This means getting fuel at the best More »

The Impact of Fraudulent Fleet Claims on Businesses   

The Impact of Fraudulent Fleet Claims on Businesses  

It’s no secret that the cost of motor insurance is rising all the time. A huge contributing factor to this is the large number of insurance scams that take place on the More »

5 Great Taxi Apps

5 Great Taxi Apps

  When you need to order a taxi, whether it’s to get to the airport, or to get home after an evening out – you no longer need to stand on the More »

Starting a Business in the Motor Trade

Starting a Business in the Motor Trade

If you enjoy working with cars then you might be considering setting up your own business in the motor trade. The great thing about working in the motor trade is that there More »

How Much Money Do You Have To Start A Business – Can you afford to leave the premises empty?

How Much Money Do You Have To Start A Business – Can you afford to leave the premises empty?

As an analyst of the economy and the property market, one must be patient to see if one’s predictions are right or wrong and to see what unfolds. One never knows if More »

The Realities of Working as a Courier

The Realities of Working as a Courier

If you’ve ever considered working as a courier then you’re not alone. A lot of people like the idea of not being stuck behind a desk all day and being able to More »

5 Ways to Increase Profits for Courier Firms

5 Ways to Increase Profits for Courier Firms

The courier industry is notoriously competitive and only the most efficient businesses survive. If you run a courier firm and feel like your business could be performing better then you should find More »

5 Great Niches for Buying & Selling Online

5 Great Niches for Buying & Selling Online

Buying and selling online is one of the best ways that you can get started working for yourself. With sites such as eBay and Amazon to sell through, the barrier to entry More »

Key Things to Consider When Starting a Trucking Business

Key Things to Consider When Starting a Trucking Business

If you currently work, or have worked, in the truck industry then there’s a good chance you’ve considered starting your own business at some point. Starting your own business gives you the More »

Working As a Van Driver When You Have a Conviction

Working As a Van Driver When You Have a Conviction

If you have a conviction, whether it’s for a motoring offence or something else, then you might think it’s impossible to get work and find affordable insurance. This isn’t necessarily true however. More »

 

Category Archives: Motor Trade

Starting a Business in the Motor Trade

If you enjoy working with cars then you might be considering setting up your own business in the motor trade. The great thing about working in the motor trade is that there are a lot of different paths to choose. Some common businesses in the motor trade include –

  • Car showrooms
  • Car auctions
  • Valeting services
  • MOT centres
  • Mechanics
  • Auto electricians
  • Delivery agents
  • Accessory fitters
  • Vehicle importers

These are just some of the businesses you could set up in the motor trade. In order to help you get started, below are some of the most important things to consider when setting up a new business.

Premises

Thinking about the type of premises you’ll need is extremely important. Some businesses will require much larger premises than others. For example, a car auction will typically need a very large plot of land, while you could set up a car showroom on much more modest premises.

When thinking about the premises, it’s not just size you need to consider though. Location is also extremely important. The location of your premises could have a big impact on how well your business performs. For businesses that rely on a good amount of foot traffic, such as showrooms and valeting services, you’ll want to find a place that has good visibility.

Another key decision to make where premises are concerned is whether you’re going to rent or buy. For most new starters in the motor trade, it’s much better to rent until you’re fully confident that you’re happy with the premises.

Staff

Staff is another key consideration when setting up a new business in the motor trade. Different types of businesses require different skills. Ideally you’ll be starting a business that you have personal experience in so you can easily identify and hire the right people.

Motor trade insurance

The minimum requirements for getting a motor trade insurance policy are as follows –

  • You must hold a full UK driver’s licence
  • You must be at least 21 years of age
  • You must be able to prove that you work in the motor trade

Types of cover you can get include –

  • Third party – A third party policy will provide enough protection so you and your staff can drive customer vehicles legally. It’s important to note that your vehicles wouldn’t be covered unless a third party was to blame for

the collision.

  • Third party, fire & theft – If want to add extra protection to a third party policy then this is a good option. If any of your vehicles are stolen or damaged by fire then you’d be compensated.
  • Comprehensive – Comprehensive insurance will provide the best level of protection and will cover customer vehicles for all types of collisions, even when you or your staff are liable for them.

Combined policy – A combined policy is an excellent choice when you work in the motor trade. It will not only provide full protection for customer and company vehicles but also cover your premises for theft and vandalism. Stock, tools and cash can

Shop around for your motor trade insurance (traders-insurance.com is a good place to start and they can provide quotes for full time and part time motor traders)