Part Time Traders Insurance

Protect your Traders Business.  Compare quotes from multiple brokers.

  • Part time traders cover for all business types
  • All occupations form Car Trader to Valeter's
  • Sole Trader Insurance
  • Flexible Payments and Online Documentation

Compare Part Time Traders Insurance Quotes 

Looking for a part time motor traders insurance? Whether you work from home or at a small business, we can provide comparative quotes. If you work part time in the motor trade, then you quality for part time traders insurance. These policies are tailored to those who do not work full time as a trader.

FAST Trader Insurance can help you find and compare traders insurance. Get started by selecting Get Quotes and complete an online form, which should take less than a few minutes ,if you have all the details at hand. After this multiple UK underwriters will provide you with  quotes to suit your individual insurance needs. Next compare the policy details , paying attention to any exclusions or limitations.If you have a specific requirement make sure this is included within the policy inclusions.

What can part time trades insurance cover

  • Cover in case your vehicle is damaged or stolen.
  • Cover for any claims that may arise out of the work you do.
  • Insurance for your customer’s vehicles when you want to road test them.
  • Protection in case the tools or equipment you use are damaged or stolen.
  • List Element
part time motor trader insurance

Levels of part time trades insurance available

Motor trade road risk insurance offers the same level of protection as for full time traders, but as risks are lower will work out cheaper. The cover comes in 3 levels similar to standard car insurance, these are listed below. A trader with a road risk policy can drive any vehicle in their possession for business or personal use

Third Party Only

Third Party: This cover will keep any vehicles owned by the business safe. The option allows you to legally work on the vehicle and provides cover in case of third party collision. 

Third party works out as the cheapest in terms of cover. However, It is cheaper because iit does not provide cover your property or vehicle.

Third Party with fire and theft

This level of cover provide cover to third parties plus cover for your vehicles as a result of fire, theft or damage by attempted theft

Comprehensive

Comprehensive: Get more protection with this option. This cover will protect you in case you or your employees are involved in a collision that is your fault or not.

All policies can be tailored to fit the needs of your business. When requesting a quote, you will have an option to provide more information about yourself and business. This information will enable the panel of insurance brokers to offer their best quotes.


Part time traders policy types

Motor trade covers comes in 2 main forms

Motor trade road risks insurance

This is the most common and covers you for taking your own vehicles or your customer vehicles on the road.

Combined Cover

In addition to cover for your vehicles in your possession this will also cover your work premises.

How you can save money on your part time traders Insurance

Please find some ways to bring down the costs of traders insurance:

  • Make your trade premises secure. Making your place of business as secure as you can without going overboard. Make use of technology by installing CCTV, alarms connected to the local police station, and security lighting. All these will make an intruder look elsewhere for easy pickings.
  • If you are able, pay the premium upfront. Upfront payments can be discounted as the broker has less headache chasing monthly payments and will be happy that you do not intend to cancel after the first month.
  • Increase the excess amount: All insurance policies come with an excess, the amount you accept liability for. If you wish this could be increased to a larger amount, leading to a cheaper quote for cover. 
  • When it comes to renewal time it is easy to stay put with your current provider. However, this is the time to shop around to see what other providers have on offer for new business. Unfortunately some brokers save discounts for new business and neglect to pass any deduction on to existing clients. Use comparative sites like FAST trader insurance to start the comparison process. 

How much will a part time  trades insurance policy cost?

The price of a part time traders insurance policy will depend on many factors. Age is going at the top of the list as you will find the under 25 trades insurance can be the most expensive. The second biggest factor can be the level and extent of cover that you require. Opting for the highest levels of cover is good when you make a claim, but you need to ask yourself is it worth the extra expense. 

If you own a business, we understand you don’t have time for a lot of paperwork. However, you still need affordable cover that fits your budget. That’s why we’ve made applying for cover for trading insurance simple. 

Many times, insurance companies will see part-time traders as a higher risk than those who do it full time. Reason being that they generally aren’t working as often and they are more liable to make mistakes. This can potentially mean more claims are going to be made. If you work as a car dealer, an example guideline would be being able to prove that you sell at least one car per month. If you occasionally buy cars from auctions, fix them up, and then sell them on as more of a hobby basis, then you will not be classified as a Motor Trader.

How do I quality for part time traders insurance

From an insurance perspective, most providers are only interested in how many vehicles you buy and sell during the course of a year. As long as you are able to prove that you are trading, by at least attempting to buy and sell vehicles or carrying out repairs, you should have no problem finding cover. In order to obtain a Motor Trade insurance policy, you will need to prove that you are indeed an official motor trader. Providing evidence such as invoices and receipts, is the most common practice. Genuine traders will have no trouble doing this.

Compare the cost of part time motor trader Insurance

Request multiple quotes for part time motor trade insurance by selecting Start your quote below.. Then simply wait to receive multiple traders insurance quotes that match your business and financial requirements from a select panel of UK brokers.

Part time motor trader Insurance