Motor trade insurance in brief

Motor trade insurance is a type of insurance policy designed for businesses in the motor trade industry.
This industry includes businesses such as car dealerships, garages, mechanics, and vehicle recovery firms. The insurance policy provides coverage for a range of risks that may arise from operating a motor trade business, including:

1. Road risks: This covers the motor trader's own vehicles as well as the vehicles of their customers while being driven on public roads.

2. Liability: This covers the business in case of accidental injury or damage to third-party property while conducting motor trade activities.

3. Premises: This covers the business premises, including buildings, tools, equipment, and stock.

4. Product liability: This covers the business in case of any injury or damage caused to customers or third-party property by any products or services provided by the business.

5. Employers' liability: This covers the business in case of any injury caused to employees while working for the business.

The type and level of coverage provided by a motor trade insurance policy will vary depending on the policy selected and the requirements of the business. It is important to carefully consider the different options available and compare policies from different insurers to find the best coverage for your business at an affordable price.