Looking for Cheap Motor Trade Insurance?

Motor Trade Insurance, also known as Traders Insurance, is a necessity for anybody who deals with vehicles as part of business operations. Whether you are buying and selling vehicles, carrying out repairs and servicing, valeting, or offering a roadside breakdown cover service, you will need motor trade insurance. Not to mention, you will also need a motor trade insurance policy to keep yourself road legal.

There are two types of Insurance policies - a road risks policy, or a combined policy.

A Road Risk’s policy will cover you to drive vehicles on the road, as well as giving you protection from theft, fire, and accidental damage. Whether that is transporting vehicles to and from your home, or even taking customers out for a test drive, Road Risks policies are typically bought by traders who conduct business from their own home.

With a Combined Premises trader’s policy, business premises are insured, including all the stock, and this includes Road Risks cover.

There are also several additional Liability products available to Motor Traders – Public Liability, Employers’ Liability, and Product Liability (also known as Sales & Service Indemnity). Public Liability covers you against any claims made against you by members of the public for personal injury or damage to property, whilst Product Liability covers any work you carry out or parts that you fit, in case they are faulty. Employers’ Liability is a legal requirement for any business with employees, covering you in case of personal injury or illness caused because of the work they carry out.