What Is Motor Trade Car Insurance And How To Get The Best Deal?

If you are the owner of a business that is connected to the motor industry you must have the relevant insurance

. This is not a choice. You are legally required to take out Motor Trade car insurance when you have vehicles that you operate within your business. There is a wide variety of services within the industry, that include mechanics, dealers and artisans. In turn, there are even more kinds of services as a result of those professionals. You must be aware of the placement of you business in the industry. It is your placement or service that determines exactly what kind of insurance is right for your business.

When you start investigating which insurance is pertinent to your service, you will have to take note of three categories:

Liability Insurance - A business must be protected by insurance and so must every employee working for that business.

Road Risk Insurance - It is a legal requirement in the UK for a business to have minimum insurance. A business that doesn't may not operate or provide any service within the motor industry.

Combined Insurance - Any business in the motor industry may take out a Liability Insurance and Road Risk Insurance as a Combined Insurance.

If you make use of a vehicle to carry out work services or any kind of related business you must be covered by Motor Trade car insurance, it is as simple as that. The regulation applies to both large companies and self-employed individuals.

Insurance for the motor trade gives your business and staff protection from damage, theft and fire to name a few risks. It is natural to want cheap insurance, but you must opt for the category giving coverage pertaining to your particular placement in the industry. In other words, you must know the limitations of the kind of insurance you choose. It is better to pay a little more and be fully protected against real risks. If you leave anything to chance to get the cheapest, it could result in you losing your business. An employee may be so severely injured he or she is unable to work and without recourse. Employees have the right to know their employer has lawful and sufficient insurance in the event of any unexpected happenings.

Motor Trade car insurance exists as a law, because its function is to provide protection to businesses and workers. It is necessary to include adequate insurance in your budget of running costs, and it must be regarded as a necessity and not a luxury. Rather than trying to get the cheapest insurance why not get the best deal?

If you take out a Combined Insurance, it gives you greater bargaining power for a better rate. Combined means you have left no loopholes in the case of unexpected events. Your business and your employees are taken care of. An added reason for a provider to give you the best deal is if you run your business according to good housekeeping requirements. If you do, there is every chance negotiations will go your way for the most cost effective insurance deal.

by: Neil Anderson

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