
Do You Need Motor Trade Insurance?
If you operate in the motor trade, even if you operate from your own home, you’ll require insurance that protects you and your vehicles in the event of accident or theft. Here is a look at the various types of insurance available to those working in the motor trade. We'll highlight the similarities and differences between trade insurance and road risk insurance and explain the scenarios in which you’ll need each type of cover.
Trade insurance is a requirement of all businesses that deal with the transfer or sale of motor vehicles or the repair of those vehicles on site or at the roadside. It is used to protect you, your tools, the vehicles in your possession, stock and any other property owned by the business that is needed for your company to thrive. It is a legal requirement under t...