Full-Time Motor Traders Insurance

Insurers work in ranges rather than exact figures, and the band you fall into sets part of the price. Crossing into the next band mid-year is worth telling them about rather than leaving to renewal.

Normally as soon as you employ anybody, with some exceptions for certain family-only arrangements. It usually sits inside a combined policy rather than being bought on its own.

Where they are declared and meet the driving conditions, yes. Insurers expect to be told about everyone, and a relative helping at weekends still counts as a driver.

The company becomes the policyholder rather than you personally, and the directors are named. It rarely changes the price much but it needs recording correctly on the schedule.

It is insurable, though the choice is narrower until there is a record. Experience gained as an employee in the trade counts for a good deal here, so mention it.

Broadly, because it means more vehicles passing through more hands. A well-run larger business can still be priced better than a smaller one with a poor claims record.

Yes, as declared vehicles on the policy. Many traders do it for convenience, and it is usually worth comparing against keeping a separate private policy rather than assuming one is better.

Not once vehicles belonging to other people are involved. The cover exists precisely because an ordinary policy stops at your own vehicle, and that is not where this work happens.

If you have a unit, a forecourt or a workshop, it usually makes sense to bring it into one combined policy. If you work from customer sites, road risk alone may be all you need.

Yes, and there are policies written specifically for it. What matters is that the arrangement is described honestly, including any other job you hold alongside it.

Tell the insurer. It is a mid-term change rather than a problem, and a turnover that has doubled since inception is the kind of thing that gets examined after a large claim.

Only where stock in trade has been included and declared. Road risk alone covers the driving, not the value of vehicles standing on your forecourt.

Where they are kept, whether the store is locked and whether it is visible from outside. It is a condition on almost every policy in this trade.

Usually, and it is easy to exceed without noticing. Ask what the single vehicle limit is before taking in something expensive, because working on it outside that limit leaves you carrying the risk.

Often the same day, once the information is complete. The driver details are reliably the slow part, so have licence numbers, dates of birth and any convictions written down before you begin rather than chasing them afterwards.