Motor trade insurance is important for valets because motor vehicles are expensive and motor vehicle accidents can happen. It helps to protect valets from the financial implications of motor vehicle accidents, damage, or theft by providing a source of compensation if these unfortunate events occur.
The motor trade insurance from one sure can cater to the needs of many different types of motor trade businesses, including that of the valet, which is our focus occupation in this article.
So, in what instances would a valet need insurance? Let us explore further the value of insurance for such an occupation when self-employed and it is your business. There must be both legal and financial protection for those parties involved.
Driving a Customer’s Vehicle
A valet needs motor trade insurance to pick up and return customers’ vehicles as part of the service. This is to ensure that the valet is covered if there is any damage to the vehicle while it is in their care. Without motor trade insurance, the valet would be liable for any damage that occurs, which could end up costing them a lot of money.
It is cost-effective for valets to purchase insurance so that they can offer this extended service for the convenience of customers because it will mean more business. This service does, after all, save customers time.
Working on Customer Vehicles
Another instance where motor trade insurance is beneficial for valets is when they are working on customer vehicles. This could be something as simple as washing and vacuuming the inside of the vehicle or something more involved like changing the oil or doing a tune-up when the valet is connected to a garage where other repairs take place. If something goes wrong while the valet is working on the vehicle and they are found to be at fault, motor trade insurance will cover the cost of repairs.
Storing Customer Vehicles
Another common service that valets provide is storing customer vehicles. This could be for a short period, such as when the customer is on holiday, or for a longer amount of time, such as when the customer is out of town for work. If something happens to the vehicle while it is in storage, such as fire, theft, or vandalism, motor trade insurance will cover the cost of the damage and put it right. The aim of insurance is always to put someone back in the same position they were in before the loss. This applies to the customer and the valet. Neither should be out of pocket because of what happened, except for the excess.
Without motor trade insurance, the valet would be liable for any damage that occurs to a vehicle while it is under their care. This could end up costing the valet a lot of money if the damage is significant. Motor trade insurance protects valets from this financial risk by providing a source of compensation if something goes wrong.
Accidents happen despite our best efforts to avoid them and insurance is always there as the peace of mind. Our circumstances dictate what type of insurance that needs to be. Insurance companies will match that to the needs of businesses, such as that of the valet. Anyone connected with the motor trade will need a similar policy, except that it will need specifically tailoring to their needs to serve its purpose.
Motor trade insurance is beneficial for valets because it covers them for a loss of any kind that occurs because of their actions or when the vehicle is under their watch. It protects the valet from legal liability if they are found to be the person at fault in an accident. Motor trade insurance is a necessary expense for any valet who wants to protect themselves financially.