Motor Trade Insurance

The motor trade encompasses many different types of businesses including motor dealerships, private traders, body shops, motor importers, salvage, auto repair centres and valeting services. All of these types of trade require some form of motor insurance for their employees and business owners to carry out their activities.

Specialist motor trade insurance policies are available that can be tailored to the individual trade. For instance, motor dealers may need to insure prospective purchasers who test drive vehicles. Employees of car garages will normally be expected to drive customer’s cars and therefore require motor trade insurance cover.

Before searching for a cheap motor trade insurance quote, it is worth collating all of the relevant information that will be required in order to save valuble time. Some of the questions usually asked when obtaining an insurance quote depend on the type of motor trade business. In general you can expect questions about your trade including where you work from, annual mileage, vehicle use, where the vehicle is kept etc . You will also be asked whether you are sole trader, partnership or limited company.

Other insurance questions may include the number of years the business has been established in the motor trade to whether you work full or part-time. As you would expect there will be questions regarding the precise nature of motor trade activities undertaken and the types of motor vehicles used. There are inevitable questions covering the insurance of personnel and these will be similar to private motor insurance and may include, driver personal details, number of years a full driving license has been held, claims, accidents, and convictions, no claim bonus, health conditions, details of bans and motor insurance cover refusals. Depending on the type of trade activity there will also be questions on the cars owned or for sale.

There is increased competition among specialist insurers who offer this type of cover, therefore, consider shopping around for cheap motor trade insurance quotes.