Category Archives for "Trade Broker Reviews"

August 31, 2019

Tradewise Insurance Review

TRADWISE  Motor Trade Insurance Review

Tradewise Motor Trade Insurance Review

This review of Tradewise insurance shows just what this firm has to offer the driving public in the UK. They are the UK market leader in the Motor Trade Insurance sector. This is an insurance firm with the trading name of Tradewise Insurance Company Limited that underwrites their policies. They are also a leading provider of tempory insurance for names that include Insure4aday.

Tradewise offers many types of policies but they are best known for their coverage in the Motor Trade industry. 

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What is available from Tradewise in Motor Trade coverage?

There are two levels of coverage for the motor trade industry. This includes both Road Risk and Combined policies.


Road Risk Policy

The three basic types of coverage for the vehicles when they are on the road include;

  • This coverage has three different levels being Comprehensive, Third Party Fire and Theft along with Third Party.
  • The variable Indemnity coverage makes it possible for this part of the policy to fit your motor trade business. The higher resale price of your vehicle is, the more coverage you need.
  • Demonstration coverage is available which covers the vehicle when a prospective buyer test drives it.
  • For businesses with an accumulated No Claims Record, there is a discount on your premium costs.
  • The policyholder can add and take a vehicle off the list of vehicles covered when they need to. This allows for only the vehicles being driven on UK roads to be covered and legal on the road.


Combined policy

This is a policy for people in the motor trade business that operates out of a secondary location. For those small motor traders that operate out of their homes or residence, this add-on is not necessary, but still added by some small motor trade professionals to help keep their homeowners premium cost as low as possible. The combined coverage includes;

  • Protection for the building you use to work on and store the vehicles.
  • Public Liability & Employer Liability
  • Stock coverage protecting the spare parts you have on site.
  • Protection to cover the theft of money kept on the site.
  • Tools and machinery are protected in case they are damaged or stolen.
  • Can I take out a policy directly from Tradewise Insurance?

As part of the business model, Tradewise Insurance follows no you cannot deal directly with them. They offer their policies to brokers who are the direct contact between their policyholders and their business operations.

In Summary

Tradewise insurance has been open for business since 1994. This business was founded by a group of brokers and still today only deal with brokers to offer and sell their policies.

Motor trade insurance is cover aimed specifically for those that deal in the buying and selling of cars within the motor trade industry. The cover extends beyond trading to include repair, servicing and auto part dealers. This can also be referred to as Road Risk insurance, this is simply cover to allow the dealer to drive other cars as part of their business. Tradewise motor insurance competes against others that include AXA motor trade insurance and Aviva’s traders insurance. All these brokers can offer competitive quotes and it is best to get multiple quotes and then compare what is on offer. We can help by providing you with a selection of quotes from a select panel of UK brokers, To get started Select the Quote button below.

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August 20, 2019

Tradex Motor Trade Insurance Review

TRADEX  Motor Trade Insurance Review

Tradex Motor Insurance Reviews

By looking at the Tradex insurance reviews the public will understand just what types of policies this insurance company has to offer. The policies issued by Tradex are underwritten by Clegg Gifford & Co Limited and Tradex refers to itself as a broker.

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What Types of Policies does Tradex Specialize in?

This insurance company specializes in covering those people operating a motor trade business, taxi service and who use commercial vehicles. They are also known for handling unusual and difficult to cover vehicles. Tradex is well known in the motor trade, but it has many  competitors that include AXA trade insurance and Aviva motor trade Insurance. Both are worth comparing to find a deal that suits your sole trader or business needs.

What does the Motor Trade Policy include?

The three basic types of coverage for the vehicles when they are on the road include;

  • Comprehensive
  • Third Party Fire and Theft
  • Third Party

For the business additional coverage needed includes Employer’s Liability, Public Liability up to £10m, Product Liability, Material Damage and Combined Motor Trade Insurance can be added

For the business that is looking for minimal coverage can have road risk or part added to their policies.

What Types of Coverage are available for Commercial Vehicle Insurance?

  • Comprehensive
  • Third Party Fire and Theft
  • Third Party

Each of these types of policies then has options determined by the risks involved in operating the vehicle or vehicles and the drivers associated with operating them. The options include Fleet insurance, Named Driver policy or Any Driver Policy has to be picked.

The Unusual Coverage

Tradex is one of the few insurance companies that will cover any type of vehicle with wheels. This includes amphibious vehicles when they are traveling on UK roads, Ice Cream Trucks and Self Drive Hire vehicles.

Vehicles that are only used for events like fairs and shows as vending vehicles are known to attend can also be covered along with vehicles and scrap being transported to recycling centers.

In Summary

The Tradex insurance reviews show that they cover the people that use their vehicles to make a living. Their motto is ‘if it has wheels, we will cover it’. If a person is having difficulty finding coverage, Tradex can write a custom policy to help anyone be legal when on the roads in the UK.

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August 18, 2019

AXA Motor Trade Insurance Review

AXA Motor Trade Insurance Review

axa motor trade insurance

This AXA Motor Trade Insurance Review intends to present just what one of the world’s biggest insurance companies has to offer business owners and others seeking sole traders insurance in the motor trade sector.

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What does AXA Insurance offer in Motor Trade coverage?

AXA offers competitive policies for Mid-Market Motor Trade businesses. Their standard policy includes 6 compulsory sections of coverage that include Material Damage, Road Risks, Equipment Breakdown, Public Liability, Product Liability and Legal Expenses. This broker like others provide a selection of options for traders that include under 25 traders insurance and part time traders insurance.

Material Damage is protection against all risks including;

  • Stolen keys
  • Commercial loads covered up to £100K
  • Up to £15K for property in transit
  • Up to £5K for tools stolen from the business premises.
  • Up to £10K to cover theft by deception of a vehicle.
  • Expenses related to public relations coverage up to £5K.

Road Risk coverage that is standard include;

Who can take out the Aviva small motor trade insurance policy?

  • Unlimited legal liability in case of death or injury.
  • Upper limit of £10M to cover damage to a third party’s property.
  • Window and glass replacement with excesses of £100 to £250.
  • Coverage while driving in the EU for social, domestic and pleasure is unlimited.
  • Up to £100K for legal defense for motor prosecution and uninsured losses.

Equipment Breakdown has financial protection up to £50K as a standard part of the policy.

Public Liability has standard coverage of up to £5M and can be increased up to £25M for rectification. There is also £1M coverage for environmental cleanup.

Product Liability has standard coverage of up to £5M and can be increased up to £25M to cover faulty workmanship from the supplier and or manufacturer of the component. This also includes product financial loss which is covered up to £250.

Legal Expenses is financial protection up to £50K as a standard part of the policy to cover the commercial aspect of a legal dispute.

Are there any optional areas that can be covered by AXA Motor Trade Policy?

Yes, there are several areas where coverage above the standard policy is available.

Employee Liability coverage from £10M to £25M.

Business interruption coverage includes;

  • Profit loss due to a vehicle being damaged when in transit.
  • £100K coverage for essential employees coverage.
  • Coverage for protection from murder, suicide and disease.

In Summary

This AXA Motor Trade Insurance Review put in clear and easy terms is just what this global insurance giant has to offer those living in the UK who are in the Motor Trade business sector. You can purchases a policy directly from AXA or use a broker. 

Finding a good deal on trade insurance starts by comparing multiple brokers. Visit comparative sites like this one or Go Compare. Also take not that some brokers are not always listed on third party sites. AVIVA motor trade insurance is currently such an example. In these cases you will need to go directly to the trader broker website.

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June 19, 2019

Aviva Motor Trade Insurance Review

Aviva Motor Trade Insurance Review

aviva motor trader insurance

In this Aviva motor trade insurance review highlights including the new policy for the small motor trader just starting out in this lucrative business sector. These policies are being offered by the UK largest insurer that has been helping people and businesses with insurance protection for more than 100 years.

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What is new about the Aviva motor trade insurance for small business?

The new policy is for the small business owner just starting out in the motor trade business. This includes not only full time motor trade business owners, but also part time business owners operating their company out of their homes. The limitation of this new policy is that only 6 named drivers can be listed on the insurance policy.

The types of coverage includes Combined coverage along with Road Risk only. The road risk coverage for small business owners must list the drivers to be covered.

Who can take out the Aviva small motor trade insurance policy?

To be classified as a motor trade small business the following restrictions and limitations apply.

  • From 1 to 6 named drivers can be covered.
  • You have only one set of trade plates.
  • There is only one private hire vehicle in your inventory.
  • You have only 5 vehicles for sale.
  • Only one goods carrying vehicle with the purpose of hire and reward with an upper weight limit of 7.5 tonnes.
  • Only one designated recovery vehicle with an upper weight limit of 7.5 tonnes.

What are the options for the large Aviva motor trade insurance coverage?

This option is for any motor trade business owner with more than 6 named drivers and vehicles for sale and for those with multiple locations. The coverage includes the following;

All Risks 

  • Discounts to effect sales following damage to the vehicle for up to £5,000 coverage.
  • New replacement vehicle coverage.
  • Seasonal increase of 30% on owned vehicles during the months of February, March, August and September.

Optional coverage

  • Loss of use of vehicle up to £100,000.
  • Loss of content for commercial vehicles up to £250,000 and £5,000 for non-commercial vehicles.
  • Replacement locks and keys up to £50.
  • Motor legal protection for up to £100,000.
  • Machinery and stock vehicles used for exhibition coverage for up to £25,000.

There are Aviva motor trade insurance policies for both small and large businesses tailored to fit the needs for the size of business being operated. They also offer discounted premium prices when a thermal imaging survey is done to identify both major and minor faults that might interfere with daily business operations. 

Compare the cost and policy details of multiple trade insurance providers  

Aviva is one of many online brokers that offers insurance for the UK motor trade industry. Finding the deal that best suits you will involve compare what is included and price against other leading broker such as AXA motor trade cover , Bollingto, Tradex and Direct motor trade insurance. We can help you by giving access to multiple uk trade brokers. Simply complete a simple form to start seeing the available options that these select UK brokers can provide. Some of these offer under 25 traders insurance and part time traders insurance. These two products come with added expense because of the additional risk of young traders.

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