Simply put, Third party only insurance is the minimum level of cover you can purchase and will only cover third party damage, neither you nor your customer’s vehicles will be covered.

Motor trade insurance policies cover those who work in the motor trade – buying, selling, repairing and servicing vehicles. However, motor trade businesses come in all shapes and sizes and one size does not necessarily fit all. That’s why it’s a good idea to research the different types of motor trade insurance to find the ideal policy for your business.

more info… →

How Motor Trade Insurance Differs From Normal Car Insurance

If you’re new to the motor trade, one thing you should know is that a motor trade insurance policy is not the same as a normal car insurance policy.

Some people try to pass themselves off as part-time motor traders in order to get an insurance policy that allows them to drive any car. However, falsely claiming to be a motor trader will invalidate your insurance policy and leave you without adequate protection if something happens.

more info… →

Insuring Your Older Vehicles on a Motor Trade Insurance Policy

Finding an insurance policy that provides a good, reliable recovery service is essential if you run a business – particularly if you work in the motor trade industry. If you’re a mobile valeter who relies on a vehicle to reach customers, your vehicle is key to your business and without it your commercial activity could be severely disrupted.

Even the most modern cars can’t guarantee they won’t break down; but the older your car is, the more likely it is that sooner or later it’ll need the help of a recovery service.

According to the Society of Motor Traders and Manufacturers (SMMT), 6.7 million old or used cars were bought in 2012 and the average age of a car in the UK in 2012 was 7.59 years.

Yet buying used vehicles for your commercial fleet can be a wise move – saving you money and increasing your profit margin. That’s why it’s advisable to invest in a good motor trade insurance policy that will provide you with a reliable breakdown service – just in case.
more info… →

Taking out a motor trade insurance policy doesn’t necessarily mean your vehicles are insured for anyone to drive them. Whatever type of business you run, rules and restrictions apply so speaking to your specialist insurance advisor will ensure you have the right level of insurance for whoever needs to drive your vehicle.

more info… →

Finding comprehensive insurance for your motor trade business is not as simple as just insuring your vehicles. For starters some levels of cover you automatically get with private insurance you will not get with a motor trade insurance policy (windscreen cover is a good example of this), whether you run a valeting business, a garage or a breakdown recovery service, other areas of your business will need to be insured too.

more info… →

Do you work part time in the motor trade industry? If you do, you could be paying more for your insurance than you need to by taking out a full motor trade insurance policy.

more info… →