The decision on where to locate your body shop will be a crucial one. Do you choose an area where there is a cluster of competitors, or do you find a town, village or area of a city where there isn’t a body shop and try to corner the local market? Of course, if you have a niche body shop or vehicle trade business then you will need to factor that into your decision making, as you may find locating near large population centres and in a public area, could be beneficial. If you intend to open a body shop that fixes cars to sell on, then the vehicle trade business could be operated from your own driveway, instead of a public area.
If you intend to open a body shop in a niche part of the vehicle trade, then the paragraph above is still very relevant. For example, if you have decided to open a Porsche repair shop in the motor trade, you will need to think about your customer base (Porsche owners), and find out where the majority of those owners live. It would then be useful to set up the motor trade business close to good transport links so that your customer base can easily travel to your vehicle trade business. In general, finding a unique selling point or niche in the motor trade can help your body shop succeed in the motor trade world.
Body Shop Insurance
When opening any type of business, whether that’s a body shop or anything else in the motor trade, the importance of having the right insurance policy can’t be underestimated. If you are opening a body shop business you’d be looking to find an insurance policy for a body shop which is usually branded as Motor Trade insurance (sometimes called Body Shop insurance). Whatever the insurance product is called, you need to make sure it’s right for your vehicle trade business, and in the next two paragraphs we will be covering two important aspects of your body shop business that you should definitely consider insuring.
As a body shop, you will be working with all sorts of motor trade products from brakes, to piston pumps, and you will want to make sure you have adequate insurance for the brakes and piston pumps you have in stock, and on your motor trade premises. This would require some sort of motor trade Stock cover. It doesn’t stop there! You will also want to make sure the piston pumps and brakes that you fit to the vehicles of clients are also insured, and this would mean looking for Product Liability insurance. Having this motor trade insurance product would mean you could be protected in the event a piston pump or brakes malfunction and cause damage to the vehicle after you have fitted them.
In the event someone tries to break into your vehicle trade premises, to perhaps steal some of your stock or tools and cause damage to your motor trade premises in the process, you will want to have the peace of mind that your premises and contents are insured. It doesn’t matter where you are located, you are still at risk to someone breaking in to your place of business, so it would be wise to make sure your Body shop insurance covers you in case this happens.
When opening any motor trade business, knowledge is key, and when you open a body shop you’ll need to make sure you know everything you need to set up and run your business. Knowing what to cover and how to get the best body shop insurance is also important, and we hope that after reading this article on opening a Body Shop you will be a little more knowledgeable.