April 28, 2013 in Motor Trade Insurance News & Info
Reviewing and updating your motor trader insurance policy is an essential way to ensure your business always has the cover you need.
Before you ever sign for a policy it’s important to ensure the broker you have chosen is flexible to making necessary changes to the policy as and when needed. As you know your priorities change, circumstances change and you will probably need to make different amendments throughout the year. The broker you choose needs to be aware of this and willing to make these changes to keep you fully protected at all times.
What to Look For
You should review your policy every few months along with your risk assessment. Things to watch out for is whether you have enough cover for your tools. Maybe you’ve bought in some new equipment recently and you need to ensure that your policy reflects this, should they get stolen or damaged you can claim and replace them as soon as possible.
The next thing to consider is whether you have put any safety measures in place for your property. Maybe you’ve added a security system, security doors or maybe you’ve installed CCTV cameras, these are all items which can reduce your premium and your broker should be advised as soon as possible to save you money.