Part Time Motor Traders Insurance
Bespoke Insurance Policies For Part Time Motor Traders
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Part Time Motor Traders Insurance Quotes
What Is Part-Time Motor Trade Insurance?
Part-time Motor Trade insurance is essentially a Motor Trade insurance policy aimed at people who only work in the motor trade on a part time basis and have another occupation or are retired (subject to the number of hours you work). If you don’t have another occupation, then you may need a full motor trade policy, no matter how much or how little time you spend on the business so check with one of our team. Having insurance is a legal requirement for anyone operating any kind of motor trade business whether that’s as a mechanic, a tyre fitter or any other type of trader, however eligibility for a policy does depend on your other occupation(s).
Part-Time Road Risk Insurance
Motor Trade Road Risk insurance for part-time traders offers the same three basic levels of cover as a full time policy and a standard Car insurance policy, but it acknowledges the fact that the business is only run on a part time basis. Those levels of cover are:
- Third Party Only – covering the cost of any damage or injury caused to a third party you are involved in an accident with;
- Third Party, Fire & Theft – as well as the above, this includes cover for damage caused to your own vehicle(s) as a result of fire, theft or attempted theft;
- Comprehensive – This also includes cover for damage to your own vehicle(s) if you are involved in an accident that is deemed your fault.
A part-time trader with a Road Risk insurance policy can drive any vehicle in their possession, whether this is for personal use or for motor trade purposes, such as driving a customer’s vehicle when diagnosing faults or testing on the road as part of a mechanics business.
Part-Time Combined Insurance
A Combined Part-Time Motor Trade insurance policy offers more protection than a Road Risk policy for a part-time trader. In addition to the three levels of cover available with a Road Risk policy (Third Party Only, Third Party, Fire & Theft, and Comprehensive), part-time traders can also cover any buildings, contents, stock, equipment, tools and money kept on site.
If your part-time motor trade business only involves you selling cars from your home, off your driveway, then you may have little need for a Combined Part Time Motor Trade policy. However, if you’re not sure exactly which route to go down, don’t run the risk of not being properly covered, and call one of our specialist team on 0800 221 8077. We’ll be able to answer any of your questions and help make sure you have all the information you need to get the policy that suits your business.
Liability Insurance for Part-Time Motor Traders
Many motor traders find adding a Liability insurance product to their Trader insurance policy to be beneficial, and this extends to traders who operate on a part time basis too. Here are some details about the various different types of Liability cover available to Motor Traders – some of which are optional, while others may be required by law:
Any business, including motor traders, whether full or part time that have employees working for them, must take out Employers’ Liability insurance by law. It doesn’t matter whether it’s a mechanic, book-keeper or cleaner, if your business employs them then you are legally required to have this cover in place to protect them, should anything happen to them while carrying out work for the business. There are some exceptions, such as certain members of your own family, but it is worth checking to make sure you are not breaking the law as the potential fines if you are caught without cover in place, are huge and could put you out of business.
If you’re a part-time mechanic, run a Bodyshop part-time or a part-time tyre fitter, then Product Liability insurance will be a useful addition to your Part-Time Motor Trade policy. Product Liability cover helps protect you if anything goes wrong after performing a service or fitting a product to a customer’s car. It covers damage caused as a result of the work carried out or the parts you have fitted, and could protect you against any claims made as a result.
Many traders, both full-time and part-time, will have customers visiting their place of business, whether that’s at their home or a dedicated premises. As a result, it’s important to protect yourself and your business from any accidents that may occur, such as a customer tripping over some equipment or slipping on some oil, by taking out Public Liability insurance. A claim against you could cost thousands, particularly if someone is seriously hurt while visiting your business, so having cover in place could prevent you from having to find the money yourself to cover any claim against you.
Who Needs Part-Time Motor Trade Insurance?
If you have another occupation in addition to your part-time motor trade business, or if you have already retired but now work as a trader on a part-time basis (subject to the number of hours you work), then you will need to take a Part-Time Motor Trade insurance policy. This is because you won’t be eligible to take out a Motor Trade insurance policy for full-time traders, due to only working part-time on the business. If you lie to obtain a Full Time Motor Trade insurance policy then you may find that your policy will be cancelled or voided. It’s important to always be honest about your motor trade activities.
Vehicle Sales Insurance for Part-Time Traders
If you buy and sell vehicles for profit on a part-time basis then a Vehicle Sales insurance policy will be what you’re looking for. You’ll want to ensure Demonstration cover is included, as that is what allows you to let customers test drive the vehicles you’re selling. Relying on customers to have their own insurance isn’t recommend as driving other cars is often covered on a Third Party Only basis on a standard Car insurance policy. As a vehicle seller you may want to include Stock of Vehicles and Goods in Transit as part of your cover. If you run your vehicle sales business from premises then you may want to opt for a Combined Part-Time Motor Trade insurance policy, which can include Building & Contents cover, Tools & Machinery cover, as well as cover for money kept on site too.
Mechanic Insurance for Part-Time Traders
If you operate a mechanic’s workshop on a part-time basis, for example an ‘after hours’ one that fits around another profession, then you’ll be looking for a Mechanics insurance policy, and especially one that takes into account your other occupation. Even if your mechanic business is one where you operate from your garage at home, you will still want to look into Part Time Mechanics Insurance. A Mechanics insurance policy, whether it’s for someone who trades full time or part time, can include everything from Product Liability insurance, to cover for driving client cars for testing and diagnosis.
Body Shop Insurance for Part-Time Traders
Owning a body shop as a part-time trader and looking for a suitable insurance policy can be a similar journey to someone looking for a Part-Time Mechanics policy. If you operate from home then you may only be interested in a Road Risk policy which would allow you to drive customer’s cars, along with Product Liability insurance which would cover you for the work you do. If you operate from premises, regardless of whether it’s part-time or full-time, then you may be looking for a policy which is a bit more complicated and reflects your business properly.
Vehicle Recovery Insurance for Part-Time Traders
If you’ve started a part-time vehicle recovery business or work as a sub-contractor to supplement your main income, then you’ll want an insurance policy that not only covers the vehicle you’ll be using but the vehicles you’ll be transporting too. This means you’ll want a Part-Time Motor Trade insurance policy that includes Carriage of Vehicles cover, so that if anything happens to the vehicle you’re transporting you are covered.
Tyre Fitters Insurance for Part-Time Traders
A part-time tyre fitter may find that they need a similar Part Time Motor Trade insurance policy to a mechanic or bodyshop owner. This means a part-time tyre fitter will want their insurance to include everything from Product Liability to Tools & Machinery cover.
Valeters Insurance for Part-Time Traders
Whether you work part-time as a valeter on your own, or you’re contracted to another business or garage, then you need a Part Time Valeters insurance policy so that you can be covered when moving customers’ vehicles. As part of your Valeters insurance policy you can be covered if you work from a fixed premises or even offer a mobile valeting service. One of the main features of Valeters insurance is the Flexible Customer Vehicle Indemnity limits, allowing you to valet/detail expensive vehicles. Product Liability insurance as well as Tools & Equipment cover are just two examples of additional coverage you can obtain when taking out a Part Time Motor Trade insurance policy as a valeter. Don’t forget to add Employers’ Liability if you have anybody working for you, particularly considering the chemicals and products they may come in to contact with.
Car Jockey Insurance for Part Time Traders
It doesn’t matter where you operate as a part-time car jockey, whether that’s at an airport, hotel, car park, convention centre, or anywhere else, being covered to drive other people’s cars on a Motor Trade insurance policy is essential. Although you may only be driving short distances and most likely on private property, you will still be invalidating your personal Car insurance policy if you try to use this to cover your activity. Furthermore, having a Part-Time Car Jockey insurance policy will allow you to add things like Public Liability insurance to your policy, affording you top level protection against anything that could happen as a result of the work you carry out.
Mobile Mechanics Insurance for Part Time Traders
If you work as a mobile mechanic part time then you’ll want to make sure that your Motor Trade insurance policy fully covers your mechanic work. As you’ll be on the road performing your mechanic duties, you’ll need an insurance policy that is tailored to those specific circumstances, meaning you’ll probably need to have Tools & Portable Tools cover, as well as Goods in Transit Cover, on top of any other additional Motor Trade insurance products you may want to include for full peace of mind and protection.
Top Tips for Part Time Traders
The main top tip for a Part Time Trader is to make sure you actually take out a Part Time Motor Trade insurance policy. On some occasions there may be a disparity in price which means some traders aren’t completely honest about how much time they put into their motor trade activities. This can also be extended to any other occupation (if you have one); Due to there being restrictions on some occupations, some traders may be tempted to withhold certain facts about their employment. Don’t be tempted!
When it comes to taking out a Part-Time Motor Trade insurance policy, and by extension Motor Trade insurance for full-time traders, it’s important to be honest. By withholding certain information or being untruthful you risk your insurance policy being cancelled or even voided, this can make it difficult to obtain insurance in the future
In addition, any ongoing claims may be rejected which could be quite costly for you and your trade business. If you are taking out a Part-Time Motor Trade insurance policy with Think Insurance and are unsure of what information we need then it’s always best to ask!
Taking out any insurance policy can be a complicated matter especially when there are so many different aspects of your motor trade business that might need protection. Therefore, before applying for Part Time Motor Trade insurance you should conduct a survey of your businesses activities thoroughly so you know what needs to be insured.
I Work Part-time Do I Really Need the Additional Products?
‘Do I really need the additional products?’ is a question our Motor Trade insurance experts are often asked by clients who trade full-time, and the answer for part-time traders is the same as it is for full-time traders; It’s better to have it and not need it, than to not have it and then need it.
Of course, not every trader needs every additional insurance product. If you don’t have customers visiting your premises or place of business then it’s unlikely that you’ll ever need Public Liability insurance. Likewise, if you don’t employ anybody, there’s no need for you to have Employers’ Liability. However, there may be some elements of your work, such as if you’re fitting parts to cars, that might lead you to seeing Product Liability insurance as something you can’t do without.
Can I Use My Vehicle for My Other Occupation?
When taking out a Motor Trade insurance policy you’ll be able to add your own personal vehicle(s) onto the policy, which means you’ll no longer need a separate Car insurance policy. If you depend on that vehicle for your other occupation, then (depending on the occupation) then this can be covered under Additional Business Use. For more details, speak to one of our experts who will talk you through the options available to you and your circumstances.
Speak to a Motor Trade Insurance Expert Today
Not every motor trader is 100% sure what they need to get covered for, which is where we come in. Our team of Motor Trade insurance specialists know the ins and outs of Trade Car insurance and can help you decide what needs to be covered. To speak to a member of our Motor Trade team today call 0800 221 8077 or alternatively you can start the quotation process right away by clicking ‘Get a Quote' below.
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Part Time Motor Traders Insurance FAQ's
There are some restrictions as to who can take out a Traders insurance policy, and it can vary between insurers.
The price of your Motor Trade insurance policy can vary depending on a number of factors, and more add ons can make it more expensive.
Unsure whether your Motor Trade business needs Part-Time or Full-Time Traders insurance? Read on.
The difference between Motor Trade Road Risk Only and Combined explained.
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If you need advice on getting a Motor Trade insurance policy read on.
How an open claim can affect your premium.
A Comprehensive Motor Trade insurance policy offers a different level of cover than Third Party Only.
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Part Time Motor Traders Insurance >>
- 1 What Is Part-Time Motor Trade Insurance
- 1.1 Part-Time Road Risk Insurance
- 1.2 Part-Time Combined Insurance
- 2 Liability Insurance for Part-Time Motor Traders
- 2.1 Employers Liability
- 2.2 Product Liability
- 2.3 Public Liability
- 3 Who Needs Part-Time Motor Trade Insurance?
- 3.1 Vehicle Sales Insurance for Part-Time Traders
- 3.2 Mechanic Insurance for Part-Time Traders
- 3.3 Body Shop Insurance for Part-Time Traders
- 3.4 Vehicle Recovery Insurance for Part-Time Traders
- 3.5 Tyre Fitters Insurance for Part-Time Traders
- 3.6 Valeters Insurance for Part-Time Traders
- 3.7 Car Jockey Insurance for Part-Time Traders
- 3.8 Mobile Mechanics Insurance for Part-Time Traders
- 4 Helpful Tips For Part Time Traders
- 4.1 I Work Part-time Do I Really Need the Additional Products?
- 4.2 Can I Use My Vehicle for My Other Occupation
- 5 Speak to a Motor Trade Insurance Expert Today