What is Motor Trade Insurance?
Motor Trade Insurance is designed to ensure that businesses and their employees are insured when driving their customers' vehicles or vehicles owned by the business.
Often, the most important aspect of this type of policy is flexibility. For example, if you own a garage, any member of your staff may be able to drive a customer's vehicle.
At the same time, this policy can protect the business against any accidental damage or other issues that may occur while employees are working on a vehicle.
Even if employees of your company do not drive their customers' cars – for example, if you run a tyre replacement service – you may still need some form of commercial insurance cover.
In addition to the types of businesses mentioned above, you may need to move or drive vehicles if you operate a vehicle collection service, an auto painting company, or a vehicle restoration company. In general, if vehicles or your customers are in the care and custody of your staff, you will need this type of cover in some form.
Motor Trade Insurance does not only apply to limited companies either: if you are self-employed but are responsible for other people's vehicles, it is vital to have the correct insurance policy in place.
Source: www.worldin.info