Motor Trade Insurance Market Remains Buoyant

    PURLEY, ENGLAND, July 19, 2009 /24-7PressRelease/ -- Despite the gloomy economic climate, Trade Plan Insurance has seen an 18% rise in the numbers of traders seeking motor trade insurance. "Although some larger commercial operations haven't been able to weather the economic storm," says Dan Dove, Trade Plan's manager, "there has been a rise in the number of one-man motor traders, needing motor traders insurance policies to enable them to operate within the law. Our motor trade insurance team have seen new business enquiries not just from those traders setting up to sell second hand cars but from all different types of motor trade activities including amongst others vehicle valeters, collection & delivery agents and mechanics, all of whom require a motor trade insurance policy of some type."

Trade Plan's increasing numbers of motor trade insurance customers can be attributed to two factors. The first is that many of the larger commercial operations have been forced to lay off staff, some of whom have then seized the opportunity to 'go it alone', and so have set up smaller operations. The second has been Trade Plan's exceptionally competitive rates for the best quality, tailor made motor trade insurance. "The entrepreneurs setting up alone have limited capital, so they have shopped around for the best motor trade insurance rates and found that as specialists in Motor Trade Insurance our policies are the most competitively priced," says Dan.

Trade Plan can arrange Motor Trade Insurance for any type of Motor Trade business from those with several premises to small one-man operations selling and/or repairing cars from home. For those arranging a trade policy for the first time with limited cash flow, working out what cover is absolutely essential and what cover they can manage without in order to keep costs down is a very difficult balancing act. The minimum motor trade insurance cover that any insurer will offer is a 'road risk only' policy. This insures traders to drive their own vehicles and those belonging to customers for motor trade purposes. Premiums are usually determined on age, experience, types of cars handled and location. For those taking on premises away from their home needing a motor trade combined policy for the first time it can be even trickier.

Trade Plan offer expert guidance as, "As in addition to road risk cover motor trade combined policies contain can numerous other sections, including material damage, business interruption, cash cover, loss of M.O.T. license, public, product/defective workmanship and employer's liability and wrongful conversion," says Dan. "It sounds complicated, but our specialist motor trade insurance advisors guide our customers through all the options available to them, explaining in simple terms what cover is available, and all our motor trade insurance policies are totally tailor made to individual customer's needs."

But whereas some brokers will only offer policies to the bigger operations, Trade Plan Insurance can provide motor trade insurance cover for the entire market - from franchised dealers, mechanical repair garages, body shops, petrol stations, recovery operators, tyre and exhaust fitters and salvage operators. "At Trade Plan Insurance we've been specialising in Motor trade policies for over 10 years, and as a result we've established relationships with key insurers that enable us to provide the best quality, most competitively priced motor trade insurance policies in the market. There are not many motor trade insurance brokers who could say that!"

Trade Plan Insurance is a trading name of The Plan Group Ltd. The Plan Group Limited offers an extensive range of insurance products via specialist departments Plan Insurance, Commercial Plan Insurance, Chauffeur Plan Insurance and Trade Plan Insurance.

Whatever your business needs, contact Trade Plan Insurance for the best quality motor trade insurance at the most competitive prices on the market.

Source: The Plan Group Limited
Website: http://www.planinsurance.co.uk/

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