Getting a motor trade insurance policy can be hugely beneficial for your business.

It can help protect you and your business from different risks and unfavorable situations; you can avoid major financial loss if you have the right cover. No matter which type of motor trade business you are running and no matter the scale of your operation, a motor trade insurance policy is vital for its success.

There are many different types of insurance policies available to cater to all motor trade businesses, they offer different levels of coverage and premium costs for businesses. Here are 5 basic types of motor trade insurance policies:

  • Liability motor trade insurance
  • Combined motor trade insurance

Liability Policy

Liability motor trade insurance policy protects your business, while providing a service to your clients. This insurance policy is extremely important as it can help customers gain confidence in your business, thereby increasing your customer base.

Combined Policy

This insurance policy is a bit more complicated, it basically provides coverage for different aspects of your business in one single policy. It makes it easier for you to manage you insurance plan, because you have only one policy to deal with instead of different policies for each part of your business.

You have to be careful in selecting the policy for your business; you don’t want to end up paying for a policy that doesn’t provide you with the relevant coverage. You can use our easy online forms to compare motor trade insurance to find the right policy for your business.