Motor Trade Insurance your first line of defense in the credit crunch


Motor Traders are the latest casualty of the credit crunch

As the global credit squeeze continues, the motor industry is suffering badly, with new car sales down 36.8% in November. Sales to private customers in the UK, which make up 42% of the car sales, are more affected even than fleet car and other company car sales. Motor traders who specialise in luxury brands have been affected even more by the economic conditions. BMW's UK sales were down 41% in November. Mercedes were down 57%.

The right Motor Trade Insurance policy could be the difference between staying in business and closing down.

With many motor traders finding it difficult to make ends meet any unexpected cost can devastate a business. Even a simple repair can turn into a costly claim overnight, and with money being tight and banks being unwilling to provide support, motor traders could find themselves out of business over a few hundred pounds. Motor Trade Insurance protects motor trade business owners from the liabilities associated with their occupation. Developed specifically for the motor trade, Motor Trade Insurance is designed to protect full or part motor traders working in all areas of the trade.

Cutting back on Motor Trade Insurance is a dangerous false economy

Many motor traders faced with insurance renewals may be tempted to let policies lapse, a false economy and, potentially, an illegal act. In today's increasingly litigious society the potential of customers turning to the law for even the most trivial of claims is even higher. Accidents do happen even the most careful motor trader could inadvertently damage a vehicle costing thousands to repair. Upheld claims when money is tight can often lead to business closure or worse still personal bankruptcy.

You wouldn't dream of not insuring your home, so why leave your business unprotected.

No homeowner would dream of not insuring their home, what if there is a flood or a fire! You may not live at your business, but your business does pay for you to live. Surely protecting your business is one of the most cost effective ways of protecting you your family and your home. Motor Trade Insurance is available form specialist insurance brokers up and down the country. It is even possible to get a quote and even compare Motor Trade Insurance policies online. The best advice for any motor trader is not to reduce insurance cover but to shop around for the best premium. When times are hard the more you can protect yourself from the unexpected the more likely you are to survive and prosper when the recession ends. To find out about Motor Trade Insurance from Peacock Insurance, just call 0845 388 70 15 or visit our quotes page (see below) where you can complete your details online and we'll obtain quotes from a panel of specialist insurers. Our Online quotes are coming soon.

To start a quote click Motor Trade Insurance or click Motor Trade Insurance Articles to find out more.




Authorised and Regulated by the Financial Services Authority.
Firm reference Number: 449832
 © Copyright 2010 Peacock Insurance Services