One recent study showed that over 50% of people are planning a move over to telematics insurance over the next five years and Quote Me Today’s motor trader clients say they have also noticed more interest from their customers.

Despite generally being aimed at encouraging safer driving for youngsters, the benefits of telematics are far reaching. Because the ‘black box’ is fitted to cars to monitor the safety details and amount of driving for the insurer, it encourages more responsibility in the driver which reflects on their car insurance premium.

However, it offers benefits for everyone on the roads as it encourages safer driving, whatever age they are. Quote Me Today who specialise in finding deals on car insurance as well as cheap motor trade insurance, say motor traders are seeing the initial draw of telematics for their customers as the ability to reduce the cost of rising car insurance policies.

With the AA’s latest premium index showing a 15 per cent increase year on year and the fact that from December, a driver’s sex will no longer be a consideration meaning despite women having fewer accidents and therefore being offered lower premiums in the past, this will no longer be a factor and they are likely to see a rise in costs.

Insurance companies are picking up on the trend too, with the AA and the Coop both launching telematics products and Quote Me Today predict that many more will follow suit. Their motor trade clients are already reporting that customers buying cars are showing more interest in shopping around for the best deals on car insurance, as motor traders themselves are doing.

A spokesperson for Quote Me Today, comments: ‘Telematics insurance could be an interesting lead for motorists in the future and for motor traders to factor in. Because it puts the responsibility back in the driver’s hands, enabling policy holders to feel they have more control over costs. However, there are a few things to look out for to make sure that this is the right option for you first’.

Quote Me Today advise finding out exactly how your insurer charges for telematics first; some may do so by the mile with an initial payment for a set amount of miles which can be increased later. Other things to point out are that things such as driving at night will use up more points and paying your policy up all in one go if you can to help prevent paying extra on monthly instalments.

Tips like these are why it helps to have a knowledgeable and experienced broker to guide you through the process and advise on such things such as options for insurance can be varied and complicated. Quote Me Today have many years in finding the best car insurance deals as well as motor traders insurance.

QuoteMeToday have a key role to play in the industry, brokering motor trade insurance packages on behalf of dealerships.  With more budding engineers working in maintenance and production, their services are expected to be in high demand, as traders seek to acquire extensive protection.

Over 14,000 people were recruited nationwide as apprentices in 2011.  According to the Society of Motor Manufacturers (SMMT), the industry is fully committed to drawing more young graduates into careers with huge potential.  QuoteMeToday have responded positively, explaining how the recruits effectively set the foundation for a healthier automotive future.

QuoteMeToday have been sourcing bespoke motor traders insurance for their clients over many years – they are stressing the importance of extensive cover for extensive workforces.

A spokesperson for the brokers commented:

‘The figures from the SMMT are encouraging for everybody involved in the automotive sector.  It is always nice to see some good news about job prospects, especially for young people.  These new recruits are the future of the industry – nurturing their talent now is gradually going to benefit motor trade from a global perspective.’

Starting salaries can be very appealing, some of which surpass the average post-grad wage by 10%.  The National Apprenticeship Week prompted the SMMT to release the recruitment figures earlier this month.  Following the release, the optimism from QuoteMeToday is likely to spread industry-wide.

Meanwhile, over 60 per cent of British companies are funding regular training courses for staff, to consistently sharpen skills across the board.  QuoteMeToday reiterate that such a well oiled business ought to be protected with adequate insurance for the right price.

QuoteMeToday have been sourcing driving school insurance on behalf of instructors for years – professionally dealing with multiple accident claims along the way.  They know the dangers of the road inside-out and with the driving test toughening up, QuoteMeToday are hoping it will at least have a positive impact on crash rates.

No longer will answers to the driving theory test be published in a Driving Standards Agency book.  Students will need to learn the Highway Code themselves and apply ‘real’ knowledge instead of simple memory to get through the exam.  QuoteMeToday are looking at the reasons for change from a neutral perspective.

A spokesperson for the brokers commented:

‘Not all students revise for their theory test by just memorising text.  A lot of learners gain invaluable theory insight from their instructors during live lessons.  Still, a tougher test should hypothetically result in safer roads, which is great news for everybody.’

Meanwhile, further changes are planned to put the blocks on foreign language examinations.  Ministers are worried that some immigrants will cheat by get a helping hand from translators during the theory exam – the concern comes after over 700 licenses were invalidated in the last two years, as a result of DSA investigations into rogue translators.

Ministers are doubly concerned about the risk of non-English speaking drivers because of their potential inability to read text-based road signs.  QuoteMeToday are again neutral on this point and, instead, are focusing their energies on their outstanding service to the driving instructors.

QuoteMeToday are experts when it comes to negotiating driving instructors insurance through their network of insurance contacts.  They promote the idea that all tutors should be covered with specialist insurance packages because of their vehicle’s increased vulnerability to minor accidents as learners take to the wheel.

Health and safety protocol, regular inspections, training programmes for staff – risk management can seem like a complex process.  All managers need to consider risk management as a fundamental component to the day to day running of their business.  If it is neglected, insurance premiums can rise and employers can be held liable for all kinds of claims – claims which are on the rise anyway.

The Insurance Times recommend brokers’ assistance can help when placing cover.  Brokers have experience in dealing with multiple organisations and therefore also have the ability to level SME risk management against similar, or even larger, companies.

Service providing organisations can only control so much of their business though and professional indemnity insurance can protect them from claims of negligence against their duty.  A lot of these claims can be false but with the right cover, SMEs can stay focused on their business objective, rather than sparing more time and budget than they need to, going through the legalities of a claim.

If a customer or client believes they have incurred a loss or damage due to the negligence of another party, they are within their rights to claim.  PI insurance should protect the accused, whether they are guilty of negligence or not, for any losses up to the settled insurance amount.

However, some policies come with limited cover and expensive excess payments.  The positive side is that brokers are experts in the field of pi insurance and can take a bespoke order from a SME and find the right insurance package to match requests exactly.

Different SMEs will have different vulnerabilities when it comes to legal action against them.  Brokers specialise in finding heavily armoured PI insurance policies for all types of ventures, making it very difficult for plaintiffs to penetrate.  Should an accuser make a legitimate claim, the broker-sourced policy will cover the legal expenses and save professionals from sacrificing their whole operation to deal with unfortunate incidents.

A business with any amount of registered vehicles taking to public roads needs a motor traders insurance package.  Directly applying through insurers can sometimes result in surprisingly inflated quotes.  This is because the policies include extra-protective features such as cover for business premises, employer liability and even profit loss as a result of natural hazards.

Policies don’t have to include all of these features to be of maximum benefit to certain businesses.  A self-employed courier for example may not need premises insurance as they keep their vehicle secure at home.  Extracting this feature from their policy can be done through the aid of an insurance broker at the initial stage of signing up.

Brokers are open to receive a set list of insurance requirements for any business, which they then use to acquire a bespoke package to cover everything requested.  Not only does this provide peace of mind to the business in question but also eliminates any unnecessary extras that can bump up the quote price.

The result is cheap motor trade insurance with optimum protection.  Insurance brokers are experts in acquiring tailored deals on behalf of their clients and if you get in touch with a reputable one today, you can save money and bolster your protection on a whole.

The brokers use their contacts in the industry to seek out specialist requests.  Gaining discounts through their negotiation skills is also feasible and their services are high in value.  Expensive extras like legal expenses may not be necessary for some.  Equally, certain companies may want to combine their Goods in Transit cover with their motor trade insurance – which is of course a possibility when operating through a broker.

Hybrid-fuel engines, auto-sealing truck tyres and fleet-locating satellite systems are just a few of the major steps forward in the trucking industry today.  All innovations are designed to make trucking more convenient and much more cost-effective.  However, just one accident could devastate a business unless they are protected by the correct lorry insurance package.

During winter months, lorries are particularly vulnerable to potential accidents but dispatch companies can’t afford to leave their fleet dormant and allow business to freeze.  There are technologies such as winter adapting tyres for 18-wheelers which can help but the only way to be absolutely sure an accident doesn’t leave a pile-up of unaffordable repair costs in its wake, is to cooperate with quality insurers to cushion the costs.

Trucks using a state-of-the-art rear loading lift may not be covered for loading accidents involving the lift.  Thorough reading of insurance policies is crucial to understanding the extent of your protection policy.  If you are concerned about extra protection for a loading lift or any other specialist areas – discuss everything with a recommended truck insurance broker who will go out of their way to find an insurance deal which covers you for everything.

Lorries can now be purchased, pre-armed with all the latest technology but others may have modifications manually installed.  Custom parts may also slip through your insurance policy and you can save money, time and effort by getting in touch with a broker – they do all the legwork and you can relax knowing your truck, or fleet of trucks, will be fully protected.

Shopping around for specialist insurance deals can be tedious – especially when speaking to junior staff who may not be as clued up on unique requests.  Experienced insurance brokers excel at establishing cooperative relationships with insurers and will do everything in their power to satisfy their clients i.e. you.

The haulage industry is evolving rapidly and it’s up to brokers to source the insurers who can keep up – use them to protect your modern trucks and your income stream.

If another driver crashes into one of the cars in your driving school fleet, the student driving it will be able to use your driving school insurance to protect themselves against any claim action. This is important to have as then it will attract more customers to your driving school as they know they will have full insurance protection available to them in the event of a claim. It is a financial risk not to have fully comprehensive driving school insurance, as if your students are not protected and a claim arises it could lead to your driving school gaining a bad reputation in the area which may cause you to lose profits as customers choose other driving schools over your own.

Another reason to ensure you have effective driving school insurance is that you can add optional extras to your policy to further protect your instructors and students. One of these optional extras that you can add to your policy is breakdown assistance. Unfortunately a car breakdown can occur at anytime, but by adding cover for such an event to your policy ensures you can quickly receive costs to pay for repairs or even receive a courtesy car while the claimed vehicle is being fixed.

Having courtesy car cover is important as it helps reduce any lose in productivity in your driving school. If you can get a replacement vehicle quickly then your instructors will not have to cancel any driving lessons for your students. This is again useful for cost saving benefits as otherwise if you had to cancel lessons while the car was getting fixed you would lose money from lack of lessons during that time. Effective driving school insurance means once the claimed car is repaired you can simply return the courtesy car and get your instructor and their students back on the road.

If you do not have comprehensive truck insurance you will find that should you or one of your HGV drivers be involved in an accident and subject to a claim, you would have to fund the costs of this claim yourself rather than have an insurance provider who could pay this for you. Sometimes the claim could be dramatically more than what you can actually afford resulting in your HGV business going bankrupt or facing criminal charges should you not be able to fund these claims.

One of the major concerns to anyone driving without truck insurance is that you can be subject to police action if you are caught. As it is illegal to operate a HGV or truck without it, should a police officer realise you do not have the insurance you could risk facing court action or even have your license taken off you. This is bad from a business perspective also as if your license gets taken off you then you will not be able to drive resulting in a loss of income during this time.

Another factor to consider is if you own the business and your HGV drivers are not appropriately insured is the impact this will have on your clients and customers. Customers are more likely to use a HGV service if they know the drivers are appropriately insured to cover themselves from all claims. However, if your drivers are not insured you could find customers and clients are less likely to work with them or even worse if the customer makes a claim against one of your drivers and your are unable to pay the costs this will mark your company and driver with a bad reputation which is highly damaging for a HGV business.

The best way to ensure you are legally in line and financially stable is to make sure you have adequate truck insurance cover, this will fund any costs in the event of a claim and keep you and your HGV drivers free from any police convictions.

As some insurance providers charge pricey renewal quotes, you may find yourself paying out more than you should do on your motor trade insurance. To avoid paying such high costs, it is recommended that you take the time to shop around to find cheaper yet still effective motor trade insurance. With so many different insurance providers on the market today, there is a high range of competitive quotes to choose from meaning an affordable and comprehensive motor trade insurance quote could be easier to track down than you think. One easy way of finding a good quote is to perform an internet search.

Although, choosing motor trade insurance shouldn’t be a quick decision, the facility of the internet has made it a fast process to instantly have access to a variety of insurance quotes. But while comparing and browsing cheap motor trade insurance quotes can only take a matter of minutes, the same quick approach should not be taken when considering what requirements you actually need from your insurance policy. As there many different motor trade businesses including car repair garages to MOT test centres, it is important that when you take out the policy you view exactly what extras and cover you will require from your insurance to ensure you are fully covered against all outcomes.

After making sure the cheaper new quote is more effective than your current renewal quote it is highly recommended that you switch. Another approach to take out specialised motor trade insurance, as there are so many different motor trade businesses, you want to make sure you only pay for the cover that is specific to your business rather than have to pay out costly amounts for extras that are not necessary. After careful research of different policies you will be able to have more effective yet affordable motor trade insurance.

For business owners, Professional Indemnity Insurance offers an assurance that should anything go wrong and a case for liability be put forward, then their clients’ claims will be met with little extra cost or detrimental effect to their business.

Taking out an insurance policy can often be met with trepidation; however, it is a safety net which can often prevent a lot of unnecessary stress in the future. Saving aside a bit of money each month to put towards a policy is a perfectly rational way of dealing with the risk of liability, which is an everyday risk for every single business all over the world. What could be faced instead of paying a small amount each month for insurance is potentially a lot more damaging to the business’s piggy bank.

Millions of pounds are lost each year by businesses who fail to enquire about professional indemnity insurance quotes, therefore suffering a huge loss in payouts for compensation at a later stage. A large payout in one go is enough to bring most businesses to its knees, or at least cause it significant damage, so it is far more sensible to just pay out a much smaller amount each morning to protect you from such a situation.

Many people are put off getting professional indemnity quotes because they think it’s a lot of work looking into it and they are deterred by the fact that it requires renewal each year. However, if you use a price comparison website and provide your details to a reputable insurance broker, they can do all of the leg work for you; taking time to research and find insurance companies who match your criteria and can cover your individual circumstances, then negotiating with the them the best possible price for your policy.

It is incredibly easy these days to sort out your business insurance, as there are so many knowledgeable and experienced insurance brokers out there who can find cheap professional insurance quotes. Just make sure you provide them with as much detailed information on your circumstances as you can, and this way you will make sure you’re covered for every eventuality.