What is motor trade insurance?
Motor trade insurance is related to the fact that businesses and their staff are insured when driving their customers’ vehicles or those they own.
Often, the most important aspect of this policy is flexibility. For example, if you own a garage, any staff member can use the customer’s cars.
At the same time, this policy can protect the business against any accidental damage or other problems that may arise to drivers who are working on a vehicle.
Even if your company’s employees do not drive their customers cars – for example if you run a tire replacement service – you may need some form of commercial coverage.
In addition to the types of business mentioned above, you may need to trade in cars by operating a garbage collection yard, a car painting company or a vehicle restoration company. Generally, if your vehicles or your customers are in the care and custody of your staff, you will need this type of coverage in some form.
Also, motor trade insurance does not apply only to limited liability companies: if you are self-employed, but you are responsible for other people’s vehicles, it is vital to have a correct policy.
Source: www.worldin.info