Most people who are in motor trade insurance see trade insurance as a necessary evil. Trade insurance is just one of those things that you need to do in order to make sure your business is safe and protected at all times. However, the hassle you have to go through to get the one that is just right for you and right for your budget is something we can all do without. So here are four pieces of advice that hopefully will make your decision easier and help you select your motor trade insurance policy.
The Cheapest Trade Insurance is Not Always the Best Insurance
People often make the mistake of thinking that getting the cheapest trade insurance policy is the best way to go, but that’s simply not true. Getting the wrong insurance for your business can end up costing you more money in the long run than you would have paid if you got the appropriate insurance. Here are a few questions to ponder before making your pick: Are they easy to contact? – You need to make sure that your insurance company is available to you at all times, learn their work hours and when they are available. How well do you know them? – Spend some time researching their terms and policies so you know everything beforehand. And finally their reputation. Ask around and see reviews of their services and compare them to other agencies.
Don’t Ignore Your Gut Instinct
Your motor trade insurance is going to be protecting your business so you need to make sure that you have all of your confidence in your insurer. If you are not satisfied with the amount of information you are able to find about a certain company, or something just doesn't seem right, it might be best to avoid them. A good insurance agency will have all of their information and policies available for their customers and the public in general so pay attention to that and see if they avoid giving straight answers to some questions. Their motor trade insurance policy should be crystal clear to you before you proceed to do business with them.
Don’t Forget to Ask Questions
When setting up you cover, you are going to be talking a lot to you insurer and you’ll be answering many of their questions. But don’t be afraid to ask some of your own. Make sure you ask them about the level of cover you are getting from your motor trade insurance policy and the customer service they provide. The answers they provide will let you in on whether they truly understand your businesses needs. Also, ask about how they deal with claims and what steps they take to get the optimum outcome. Check if they are proactive with claims, or whether you are going to be doing all the chasing. Remember the more information they have about your needs the more accurate the cover will be, communication is of paramount importance for getting the appropriate motor trade insurance policy.
