For any business having the right panel beaters or body shop motor trade insurance is absolutely vital because you never know when problems or accidents might occur.
Accidents and injuries can happen in an instant and so, ensuring that you have the right cover in place will provide you with peace of mind but also the right protection. When it comes to finding the right insurance that meets all your needs you may feel that it all seems a little confusing but the following tips below will help you to decide on the cover the works for you.
Shop around for Panel Beater Insurance
As with all things these days, it really does pay to shop around. The internet and comparison websites makes it easy to find the traders insurance that your business needs. Gone are the days where you had limited options when it comes to finding an insurer and so, shopping around enables you to find an insurer that ticks every box. In a matter of minutes, you can have quotes from literally hundreds of insurers making it easy to compare what they have on offer.
Pay annually for your Body Shop Insurance
When it comes to paying for insurance, you will have a couple of options. These are to pay monthly or to pay annually and the one you choose depends solely on your preference. However, if you choose to pay monthly you will be paying more for your cover which means that you do not make the savings that you had perhaps hoped for. Opting to pay annually will mean that you pay the lowest price and you can relax knowing that your insurance is covered for a complete year, giving you more time to focus on other commitments.
Body Shop Liability cover
Any business that offers a service is at risk of liability claims and this can be extremely damaging to your business. You could make a bad decision that leads to further damage to a vehicle or even cause injury to an individual. Having this cover in place will ensure that you are completely covered for all eventualities.
Set a budget for Insurance
Insurance is an important tool for any business and so it is easy to add extras to your cover believing that you need to have absolutely everything covered. However, it is often the case that many of these extras are not required which means that you are paying over the odds for your cover. So, after shopping around and understanding the prices, set yourself a budget and stick to it.
Tailored to your needs
As with the tip above, setting out cover that is tailored to your needs means that the insurance is right for you. There is no need to have extras that you will never require and there is no point in paying for insurance that offers too much because it will cost you money. So take a look at the excess, the legal cover and any other extras that you require so that the cover is tailored to the needs of your business.