When buying anything from a television to a car or house, having trust in the person you are buying from is crucial. You want to be sure that the person you’re buying from is trustworthy and reliable.
Currently, there is no independent scheme that exists to ensure high standards in the skills and knowledge of sales people across finance and insurance products.
So, a new survey has looked into whether an industry-wide accreditation would be popular.
According to the poll, carried out by Alphera, four out of five UK motorists say they would be more likely to purchase a car with a dealership sales person who is industry accredited.
As a result, Alphera is working with the Institute of the Motor Industry (IMI) to introduce a new accreditation scheme for finance and insurance sales specialists in the coming months.
What would this mean?
Accreditation may help staff make more sales, as the survey revealed that it would make dealers more likely to win the trust of female customers. A huge 81% of women stated that a qualification in car finance sales would make them more likely to buy.
The idea behind the scheme is that it would ensure higher standards are given to customers interested in financial and insurance products.
Another result of an accreditation scheme across the industry would be that it would act as a deterrent for phony, sham providers. We have recently discussed how this is a rising problem in the industry with ghost brokers becoming a real issue.
In the meantime, for all of your motor trade insurance needs, call us today on 0121 248 9300.
SIMILAR BLOG POSTS
Will non-essential travel invalidate my vehicle insurance?
Stories in the media stating that non-essential travel will invalidate people’s vehicle insurance are untrue, according to insurers.
Coronavirus and traders insurance FAQs
We know the coronavirus outbreak and lockdown have affected many motor traders, and businesses are having to adapt to new rules and restrictions. We’ve answered some of the most common questions coming up, to try and help you through any insurance-related queries at this time. Do I still need to renew my policy during the […]
Are price indicators damaging business for motor traders?
Motor traders are continuing to express concern that new price markers on online car sales sites may have a negative impact on their ability to sell their vehicles.
10 reasons your motor trade policy could be cancelled
It can be a challenge getting the right motor trade cover set up – once you do, you want to make sure it runs smoothly. Your insurance provider will consider many factors in validating your cover. If you fail to advise your insurance company of any changes to your policy…
Government plans announced to tackle smart motorway safety concerns
The UK government has published its action plan to address smart motorway safety concerns, following a report that revealed 38 people had died on smart motorways in the past 5 years.
5 motor trade insurance extras that could protect your business
Insurance is all about protecting your business, but as with any insurance, your standard motor trade insurance will only cover certain aspects of your business. There are many additional options that are sensible to consider…
What’s the difference between a fault and a non-fault claim?
There is often confusion around the difference between a fault and a non-fault insurance claim, and what claims should be disclosed when taking out a policy.
Whether a claim is defined as fault or non-fault is not to do with whose fault any accident or damage is – it’s about how insurers categorise claims based on cost recovery outcomes.
CHRISTMAS AND NEW YEAR OPENING HOURS
This Christmas our office will be open until and including the 23rd December at our regular hours of 8:30am to 5:30pm, following which we have some variations to our usual hours between Christmas and New Year. Regular hours resume from the 2nd of January 2020.
Is it the law to have business insurance?
Whether you’re setting up your own business or have been running one for a while, the subject of business insurance can raise questions. How do you know what is a legal requirement? Which extra covers are worth your hard-earned money, and which are a waste?
A quarter of drivers think smart motorways are unsafe
Nearly a quarter of drivers in the UK believe smart motorways are unsafe, and many do not understand the rules around hard shoulder running, according to recent research by Kwik Fit.
Increase In Van And Tool Theft: The Trader’s Response
Recently, UK tradesmen are grouping together to get their voices heard about their fears in regards to recent spikes in van and tool theft.
Why industry accreditation with lead to more sales for car dealers
When buying anything from a television to a car or house, having trust in the person you are buying from is crucial.
Car Accidents On The Rise In Latest Government Report
The latest data on reported road casualties in the UK has been released by the Government, showing UK traffic accidents are on the rise again.
As our Tradesure customers are out on the roads more than most, it’s important to stay safe and keep your wits about you.
Is Your Car Registered On The Mid? New Motor Trade Law Could Affect Your Insurance
The Motor Insurance industry could be set for a big shake up as a review begins into compensation rights for victims of accidents and damage on private land. The review was prompted from a ruling by the European courts in 2014 which resulted in the Vnuk judgement.
What Is The Mid?
The Motor Insurance Database (MID) is a central record of all insurance vehicles in the UK, and is managed by the Motor Insurance Bureau (MIB). The MID is mainly used as a way for the Police and the Driver and Vehicle Licensing Agency (DVLA) to enforce motor insurance laws.
How To Minimise The Cost Of Your Motor Trade Insurance Policy
Whatever part of the motor trade industry you work in, there are ways you can mitigate the impact of rising insurance policy costs. These include measures to reduce claims of your own, measures to reduce claims against you, and other ways to generally make sure you’re not paying over the odds.