As there are so many different types of motor trade businesses, such as MOT test centres and those who sell or buy vehicles, it can sometimes be confusing over what level of insurance cover you need. This confusion may lead some motor traders to think that as motor trade insurance is such a specialised form of cover it may be quite expensive to get an adequate and comprehensive policy. However, this is not the case, with the wide variety of different insurance providers available on the market each wanting to offer competitive prices, there are so many different policies to choose from that can match to your motor trade business’ requirements.

As a motor trade business can be classed as either someone who sells or buys cars and also anyone involved in the repairing of vehicles, there is quite a broad spectrum of different motor trade businesses. Bearing this in mind, you may think that due to this, it would be highly expensive to take out effective motor trade insurance as you could end up paying extra for cover that is not specific to your motor trade business. This is why it is good to follow a specialised motor trade insurance policy when taking out your insurance.

To make sure you get an affordable policy, it is best to take out a specialised motor trade insurance policy as this can be completely bespoke to your motor trade business. This bespoke approach means you can select anything you would like to have included in your policy whilst removing any costly unnecessary extras. By having the option to remove these extras you are able to reduce the cost of your overall motor trade insurance policy without compromising on losing the important aspects of cover that you require.

Another advantage to the bespoke and specialised motor trade insurance cover is that it is completely unique to your business. This is beneficial in case you feel your business could also benefit from adding another policy on top such as professional indemnity insurance. By following a specialised insurance policy, insurance brokers will be able to advise you exactly of what is required to adequately protect your business from any claims. Once it is all easily and affordably arranged you can get back to business without worrying about costs of claims as motor trade insurance provides you with the confidence that everything is taken care of.