Do you recommend the NMTF to your traders?
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Discuss!
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I find that most of our traders keep to NMTF, and we do ask that new traders contact NMTF with a view to using their insurance. Does anyone allow traders to trade without insurance. It seems to come as a bit of a shock to some when I ask them about it and insist that they get some form of insurance.
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As a Local Authority, we cannot be seen to be making a preference to any single Insurer, and - as rsk poins out - there are cheaper options out there than NMTF. I tend to direct traders towards the Market Times or Market Trader (Which we offer free of charge to anybody) where all of the main insurers advertise.
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We supply an application pack to new traders in which we point out that traders must have insurance and include three sets of contacts for suggested insurers including NMTF. When asked we point out that these are not reccomendations from us meerly insurers that we know are currently used by some of our existing traders.
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We have a very similar system as jf_10, an application pack which includes four sets of contacts which are not recommendations but are those frequently used by the market traders.
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hi
agree with AnitaS insurance comes a shock to most people wanting to start up in market trading
what about these market trader taster days who is going to cover them for just one or two days??
not my council
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