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Protect your Business Fleet with Motor Trade Insurance

Many people can get confused when it comes to the world of insurance, which is no surprise given that there are literally hundreds of different insurance types and thousands of insurance providers. In this guide we deal with motor trade insurance and explain what it is, who may use it and the factors you should consider when purchasing this type of policy.

What is motor trade insurance?

Motor trade insurance is frequently referred to as Road Risk Insurance. This insurance is used by businesses that have anything to do with the automotive industry; those that sell, buy, repair, clean or service cars all must have motor trade insurance in order to operate, and this is regardless of the size of the business.Whether your business is full or part time,you will still need motor trade insurance.

Who you should insure

When taking out a motor trade policy you'll have the option of how many people you want to put on your policy. You need to bear in mindthat the more people you insure and the higher your annual mileage is, the higher your policy’s premium will be.

You need to make sure that anyone who moves cars or vehicles within your business is insured, regardless of how far they drive. You should also bear in mind that each and every driver's age, experience and history of insurance claims will all have an impact upon your premiums.

Factors to consider when searching for the cheapest motor trade insurance

Shop around

The majority of motor trade insurers can be found and compared online on price comparison websites. This should serve as your starting point and you should take time to research how different policy factors affect your quote.

Call specialist insurers directly

Following your research on comparison websites you should call specialist motor trade insurers directly. Not all insurers can be found on price comparison websites and so calling directly will ensure that you're not missing out on a good deal.

Estimating your mileage accurately

When applying or gaining quotes for motor trade insurance you need to ensure that you're estimating your mileage accurately. Over estimating can lead to a higher premium than is necessary and under estimating can invalidate your insurance policy in the event of a claim.

Motor Trade Liability Insurance

You should also consider whether you'd like to apply for Motor Trade Liability Insurance; this type of insurance provides public liability, employer's liability and sales and service indemnity. This means that you're covered against any employees, visitors or other person's property is protected from injury or damage caused as a result of your business operations.

Combined Motor Trade Insurance

You may also be able to save money by taking out Combined Motor Trade Insurance which insures your premises, money, tools, vehicles, liabilities and contents; this means that your whole business is protected.

You may also be interested in Car Insurance.

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