Category: Motor Trade Insurance Guides

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Best Cars for Buying and Selling in 2019

2019 is fast approaching and the forward thinking individual may be considering what cars to keep a look at for to buy and sell at the turn of the year. Many people choose to do a little part time trading in order to supplement their income. As a part time motor trader though, it is not always easy to quickly identify the best cars for buying and selling.

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A quick guide to Motor Trade Insurance

If you are feeling confused about what type of insurance you need within the motor industry, you are not alone. Many businesses in the motor trade are unsure which policies exist and what the policies cover. To help you find the right motor trade insurance, we have put together this useful guide.

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Everything you need to know about motor trade insurance

Motor trade insurance was created to protect a variety of motor trade businesses against risks associated with driving vehicles owned by the business on the road. The types of business using this kind of insurance range from second-hand or new car dealerships through to motor mechanics and breakdown companies. The insurance cover offered is known as road risks insurance and it also provides protection for interactions with the general public.

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Don’t Forget to Update Your Motor Trade Insurance Database

If you are purchasing and selling numerous vehicles as a motor trader, you must make sure you have a cheap motor trade insurance policy, however once the motor trade insurance policy is confirmed you must also be sure to update your Motor Insurance Database (also known as MID).

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When do you need a Combined Cover Policy?

There are many different types of motor trade insurance policies which can provide coverage of all your business’s facets. Getting insurance coverage not only protects you from liabilities and damages, it also fulfils a legal requirement for all motor trade businesses to have an insurance policy.

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How to find the Best Motortrade Insurance for your Business

There are literally hundreds of companies offering insurance policies specifically for the motor trade industry. It is hard to navigate through them and find the policy that will provide your business the right protection, yet still has affordable premiums.

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