Why you need motor trade insurance

Motor trade insurance is highly recommended for motor traders. It protects traders especially dealerships but also covers people working from home. Dealerships with a niche such as sports, imports or prestige operations can also receive coverage. The prices of motor trade insurance vary, making a policy available to any one with any budget. Payments are also very relaxed with many possible payment options to suit the customer.


The insurance covers you if there is a fear of possible and likely risks to your business. Certain standards must be met however to receive this coverage. A buyer must own a United Kingdom drivers license for at least one whole year. Their license must not have any more then two fault claims from incidents on the road. Ongoing fault claims or police inquiries also count and if so, the particular person will not receive motor trade insurance. After five years the claims are ignored and you become eligible for the insurance again as it will be seen as a clean. Once receiving the motor trade insurance, fault claims from job related incidents suspend the premium immediately. The premium is also suspended if they are disqualified for more than twelve months during a working incident. A dealership can not have any more than three drivers, between the ages of twenty five to seventy years old, listed as authorised drivers. Any one with a drivers license who is physically disabled is not eligible for motor trade insurance. Plus any one with a criminal record or anyone who has been declined insurance from a previous claim is also ineligible.


Any one in the motor industry should have motor trade insurance as anyone would need for HGV insurance or Motorbike Insurance. There are many cheap deals from many independent and well known insurers with many even offering discounts to new customers so look out for good deals. These discounts offers could be limited somehow, however, so check before you agree to the particular coverage. A little research will go a long way.