If you work in the motor industry then you will need to get motor trade insurance. The type of insurance you need will depend on the exact nature of your business, but it is vital that you have it, not least because it is a legal requirement. This article takes you through what it is and what it covers you for. Essentially, if you work with cars, motorbikes or other vehicles in any way, you will need to have motor trade insurance to protect you and your business.

It is vital that you have motor trade insurance partly, as mentioned above, because it is a legal requirement that you do. Having the insurance is all about minimizing risk for your business and it means that if something goes wrong, you will be able to make use of the insurance. It is also important to have it as it protects the other people you work with, which is especially important if you are working with the general public in any capacity.

One common type of motor trade insurance is road risk motor insurance. This is typically used by businesses that require third party insurance. For instance, if you will be driving anyone elses cars, repairing cars, buy and sell cars, run a garage or anything else related to this, you will need to get third party insurance to cover you in the event of third party injury, damage or death. You should also get a theft element to the insurance so you are covered in the event of vehicle theft.

You will also need liability motor trade insurance if you will be working with the general public in any capacity. This will normally be needed by the vast majority of motor trade business, as you are highly likely to come into contact with other people at some point and if you employ any people you will definitely need to get it. If you will come into contact with the public while selling cars, attending auto shows or other events, running a garage or at another time, youll need this insurance.

Finally, another popular type of insurance is combined motor trade insurance. This is important as it covers motor businesses for a whole range of things and is extremely comprehensive. For example, it will cover your business for liabilities, money, your premises, any tools you use in your work, the vehicles you work with and anything else, such as other contents of your premises. You never know when you might need to use your motor trade insurance, so its definitely worth having a comprehensive policy to make sure youre covered.

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