How To Get Under 25's Covered On Your Motor Trade Insurance
As a motor trade business owner, your insurance policy will cover many different areas and staff members. When hiring someone under the age of 25, it is important to re-visit your combined motor trade insurance.
Thankfully, it is not too hard to get cover for your younger staff. However, getting the correct advice and taking the right actions to get your premium down is a must. The easiest way to get motor trade insurance for those under 25 is by using a motor trade insurance broker.
Why is important to properly cover young staff?
Younger members of staff are more likely to be in an accident than older employees. This is because they are less experienced with vehicles and machinery. Not only will appropriate motor trade insurance protect your business, but it is also a legal requirement. If you have multiple members of staff you will likely have a combined motor trade insurance policy already. In the event that new employees are 25 years of age or below, your premium will likely increase because of the perceived increased risk. There are however several ways in which you can reduce this premium.
If you need advice on the type of motor trade car insurance you need, speak to Alan & Thomas. Our team of specialist insurance brokers have years of experience advising on motor trade insurance. We are always happy to discuss your business needs.
Ways of reducing your premium
Even though your motor trade insurance for those under 25 can cost a bit more, they are great to have on the team. If you work in car dealerships, you must have comprehensive road risk motor trade insurance. Employee’s under 25 need to be fully qualified drivers and sometimes it will help if they have additional driving qualifications. A few tips for reducing the premium on their insurance:
- Obtain information on their claim free years of driving. Drivers who have several years of no claims are classed as more reliable drivers. If your staff have been driving since 17, this is several years of data that can help you and we can present to insurers.
- Get under 25’s to complete advanced driving courses. This is further evidence that they are reliable drivers and your motor trade insurer will be more likely to give you a policy.
- Potentially look at limiting the activities the under 25 year old employees can undertake or vehicles they can drive. You often see this on fleet insurance policies where the higher value and higher powered cars are limited to those over 25 years old or even over 30 years old.
- Undertake proper risk management. We understand that tools and machinery can cause accidents, so ensure that all staff are properly trained and that there is a risk management plan in place for maintaining equipment. If you need help with this, we can offer advice and support.
- Use a specialist motor trade insurance broker. At Alan & Thomas, we have many years of experience working in the motor trade, so we can find you a bespoke policy that covers all of your needs.
It’s important to remember that you may not always find a policy for someone younger than 21, particularly if you are working in car sales. If you are hiring someone to work in your garage you may find it easier. However, when you are looking for combined motor trade insurance, we always recommend that you speak to a professional insurance broker like Alan & Thomas who will do all they can to help.
As independent motor trade insurance brokers, we offer a wide range of commercial insurance policies that will properly protect you and your business. Our team of dedicated insurance brokers will give you the professional service you require whatever area of the motor trade you work in. To contact us and speak to an advisor, call 01202 754 900. You can alternatively email info@alan-thomas.co.uk with any enquiries you may have.