Last Updated on December 18, 2019 by Tim
If you work in the automotive industry there’s a very good chance you’re going to want to take out a suitable motor trade insurance policy. Let’s take a look at what this type of insurance is for, and how it can help to protect your business.
What is Motor Trade Insurance?
Before you look into getting motor trade insurance, it is important that you make sure you know what motor trade insurance actually is.
Motor trade insurance bundles together a wide range of different policies in order to protect automotive businesses when it comes to working with and dealing with a car that is not owned by them.
Depending on the type of business you own, you may only need a motor trade insurance policy that covers road risk (meaning it insures you to drive other people’s vehicles), or you may need a policy that bundles together a wide range of other add-ons and extras.
Either way, though, you should head over to Quotezone.co.uk when you’re ready to take out a motor trade insurance policy, as this price comparison site can help you compare policies from a wide range of providers.
How It Protects Your Business
Motor trade insurance is specifically designed to protect your business, but because motor trade businesses differ quite considerably in what they do and how they serve their customers, these policies are not standardised.
Instead, motor trade insurance policies are tailored to protect your business from the specific risks it faces during the course of its operations, and you can add a range of different add-ons and optional extras to your policy to give you the protection toy need.
How It Can Save You Money
If you drive cars that you don’t own you’ll be legally required to take out a motor trade insurance policy that features road risk cover, but by bundling together a range of other types of insurance that may well plan to take out anyway (employer’s liability, public liability or buildings insurance, for instance) your motor trade insurance could work out cheaper than taking out standalone policies.
How to Choose a Policy
There are a wide range of motor trade insurance providers, so the best plan is to use a price comparison website like Quotezone.co.uk to tailor your policy and then compare quotes.