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How does motor trade insurance work and protect me?

Date Added: November 18, 2011 10:13:12 AM
Category: Insurance directory

How does motor trade insurance work and protect me?

A business needs insurance to survive and without insurance the chances of having a successful business will be limited. Most businesses will need a variety of insurance policies and this is where the specialist business insurance broker should be consulted.
A motor trade, second hand car dealer, a motor repair garage and a car dealer will require insurance. A single insurance policy may not have all the optional insurance that you will require and this will be able to obtain the most competitive quotes for you.

The broker will advise on various options such as:

•    Accidental damage cover
•    Breakdown insurance
•    Employer’s liability insurance
•    Fire cover
•    Legal expenses cover
•    Public liability insurance
•    Theft cover
•    Third party cover
•    Third party liability

So your motor trade insurance will consist of a short list of cover and not a single simple policy. The excess for each type of insurance will have to be considered. You will need to decide depending on your circumstances and types of business:

•    Which insurance policies apply to your business?
•    What promotions will be given for a combined or integrated policy?

Business owners have not all the money they earn to spend on insurance and careful decisions or advice is needed from a specialist insurance broker.

Adjust the excess to see if the premiums result in any additional savings.

Read the motor trade insurance term and conditions carefully and store the documents in an easy to find place.
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