To get trader's car insurance, you must prove you're a genuine motor trader (selling, repairing, servicing cars for profit) by showing receipts/invoices, then compare specialist quotes for cover covering business activities like road use, stock, and employees, not just personal use. You'll need to provide driver/claims history, vehicle details, and demonstrate secure premises for the best rates.
To even qualify for a Motor Trade insurance policy, you must first be able to provide evidence that you are running a business that generates a source of income, such as receipts from vehicles you've bought and sold, or documents showing vehicles you've worked on.
Motor trade insurance, or traders insurance, covers your business when your employees drive or work on customer vehicles, as well as company-owned vehicles. It's a must-have if you and your employees repair, sell, or handle vehicles in any capacity.
There are no hard and fast rules on how many cars you need to sell to be a trader. Some insurance policies will need you to sell a vehicle every 1-2 months to be classed as a trader and be eligible for insurance. Every individual insurance company varies.
This rule stipulates that if you sell more than 12 cars within a year, you are considered a trader and must comply with specific legal requirements. By exceeding this limit, you could face penalties and legal consequences for operating outside the regulations.
Insurance brokers have good links with numerous insurance providers, large and small, which means that they can scout out the best deal much easier than you would be able to alone.
The "Big 4" insurance brokers, consistently ranked as the largest globally by revenue, are Marsh McLennan, Aon Plc, Arthur J. Gallagher & Co., and WTW (Willis Towers Watson), a group that leads the industry in scale, global reach, and influence, handling complex risk management and placement for large enterprises.
The numbers in the coverage refer to the maximum amount your insurer will pay out for each type of claim. So, in a 100/300/100 policy, you would have $100,000 coverage per person, $300,000 in bodily injury coverage per accident, and $100,000 in property damage coverage per accident.
While there isn't a standard "21-day cooling-off period," UK law mandates a minimum 14-day cooling-off period for car insurance, starting from policy receipt or cover start (whichever is later) for a full refund (minus days used & admin fees), but insurers often send renewal notices around 21 days before renewal, which is a key time to switch for better deals. You can cancel within the 14-day window for a refund (minus charges for days covered and potential fees) and after that, refunds are pro-rata but usually incur cancellation fees.
Aviva Agency Services Inc., Aviva Insurance Company of Canada, Traders General Insurance Company and S&Y Insurance Company are all wholly owned subsidiaries of Aviva Canada Inc.
Comprehensive insurance is generally better for overall protection, covering damage to your car and others, plus theft/fire, while third-party only (TPO) only covers damage/injury you cause to others, leaving you to pay for your own car repairs, but comprehensive can sometimes be cheaper for high-risk drivers, flipping the old assumption that TPO is always cheapest. Choose comprehensive for full peace of mind; choose TPO only if you drive an older, low-value car and want the absolute minimum legal cover.
There are a number of factors that make up the price of a Traders Car insurance policy, and they can often include additional insurance products that could increase the cost of the policy such as Employers' Liability or cover for your stock or tools, but some of these additional products are vital components of some ...
Here are the most common red flags to look for when a broker is trying to scare you into switching. If a broker opens the conversation by warning of penalties, audits, or skyrocketing costs — without reviewing your actual data — that is a red flag. A trusted advisor starts with facts and education, not fear.
Insurance brokers can help in most circumstances. They're experts in the insurance market and can often find you better cover at a great price. They can also help you with any claims you have to make.
No, this is a persistent myth. UK insurers do not use car colour as a direct factor when calculating your motor insurance premium. The price is determined by your driver profile, driving history, and the specific make, model, and insurance group of your vehicle, not its shade of paint.
The Red Car Theory is a concept that explains how people become more aware of things after they've been brought to their attention. It's often used to illustrate how people start to notice things more frequently after they've become aware of them.
Yes, you can still drive petrol cars after 2030 in the UK, as the ban only applies to the sale of new petrol and diesel cars, not existing ones; you can continue to own and use your current car, buy used ones, and find fuel, but new sales shift to electric or hybrid (until 2035), with potential future low-emission zones affecting older cars in cities.
