Tradewise is in administration – but you’re in safe hands with us

You might have heard that Tradewise – one of the big insurance providers for the motor trade industry – has gone into administration. This means they won’t be writing any new policies for traders going forwards.

We’ve got a fair few Tradewise customers on our books so we just want to reassure you that you’re still covered, you can still claim and we will still look after you. Here’s everything you need to know about the situation.

What’s happened?
Unfortunately, after a tricky few years, Tradewise has entered administration. They’re still providing cover and claims as normal for anyone already insured with them, but they won’t be taking on any new customers or issuing any new policies.

I’m insured with Tradewise. Now what?
First things first – don’t worry. You’re still covered. Tradewise has a deal with A-rated underwriter Berkshire Hathaway and they’re still providing cover for anyone with a Tradewise policy. When it’s time to renew, we’ll just find you cover with a different provider instead.

What happens if I need to claim?
Just follow the usual claims process. It’s possible your wait times might be a slightly longer than normal while the Tradewise team adjusts – but you can still claim, and we’ll still get you sorted out.

I need to make a change on my policy – can I still do this?
Yep – you can still adjust your policy just as you’d normally do. Think of it as business as usual until it’s time to renew.

I need to renew my policy soon. What should I do?
Just do what you’d usually do – get in touch with us and we’ll search the market for the right cover for you, with the same straight-talking, no-nonsense service you expect from us. We’ll have to find you a different provider than Tradewise, but that’s the only difference.

Will my price go up?
We won’t sugar-coat it – sadly, Tradewise going under may well lead to prices rising across the whole motor trade industry. This is because they’re leaving a big hole in the market – and every motor trade broker is in the same situation. Luckily, we’re still the same hardworking DNA team who go above and beyond to find you the most competitive cover – so even if prices do creep up, you can still be sure you’ll get a good deal from us.

So do I need to do anything?
Nope – for now, just sit tight. If you need to make a claim, then call 0800 288 9477. And when you need to make a change or it’s time to renew, just get in touch.

We’ve said it before and we’ll say it again – at DNA, we put people first and sales second. So if you’re worried about any of this, then just give us a bell on 01708 988952 and we can talk you through it. At the end of the day, we’re here for the long haul – and we’ll always do our very best to find you quality motor trade cover at competitive prices.