| It is essential to have a good Business Insurance if | | | | this particular policy. If you own a garage of MOT |
| you earn a living buying, selling, fixing or generally | | | | station and repair or restore classic and cherished |
| working with cars, even if its part- time. Specifically, a | | | | cars, you are also classified as a Third Party Only |
| Motor Trade Policy is especially designed for large and | | | | policy candidate. Finally, motor traders need to |
| small motor traders. Motor traders will discover that | | | | consider purchasing the Third Party Only Motor Trade |
| each policy is different; there is a variety of | | | | Policy if you provide any general vehicle repairs or |
| coverage, premiums and features. Therefore, it is | | | | need t drive any vehicle on the public road, (yours or |
| vital that the motor trader chooses the policy that | | | | your customers). The Third Party, Fire and Theft |
| best meets their needs and budget. | | | | Policy honor the same criteria as it also protects |
| A Motor Trade Insurance sales team will provide you | | | | vehicles in the event of fire or theft. The |
| with all your Motor Trade Insurance Policy options. | | | | Comprehensive Policy is designed for the motor |
| There are generally five types of policies that you | | | | traders that receive all of the above as well as |
| may opt from. They are the Third Party Only or | | | | comprehensive coverage. |
| Third Part, Fire and Theft policy. Motor Traders can | | | | This would include accidental damage to cover |
| opt to purchase the Comprehensive or Liability | | | | vehicles in the event of fire or theft. Motor traders |
| policies. Lastly, the Combined Policy is also an option. | | | | could opt to protect their business by purchasing the |
| Again, it is very important to choose the policy that | | | | Liability Policy. This Motor Traders insurance Policy is |
| is right for your particular type of motor trade. Some | | | | especially designed for motor traders who employ |
| interesting features may include administrative, social, | | | | someone and service, repair, or restore cars. This |
| domestic and pleasure use of any vehicles for all | | | | business will also buy, supply and fit parts. The |
| named drivers. Secondly, you may receive a free | | | | Liability Policy covers the business that invites the |
| second occupation 'class one coverage' for you and | | | | public onto their premises while also providing service |
| your partner or up to fifty percent no claims bonus | | | | for them. There are three types of Liability |
| awarded after five years. Additionally, the motor | | | | Insurance; Public, Employers and Product, Sales and |
| trader may be offered the option to either use a | | | | Service Idemnity (including Defective Workmanship). |
| private or commercial bonus from previous insurers. | | | | Of course, the Combined Policy provides coverage |
| The Third Party Only Motor Trade Insurance Policy | | | | for premises, contents, tools, liability, vehicles and |
| (also referred to as Third Party Road Risks Policy) is | | | | money. In essence, whatever Motor Trade Policy |
| required by law if such services are practiced. If you | | | | that you choose to protect your Motor Trade |
| buy and sell cars or operate as a mobile tuner, | | | | business, be sure that it is convenient and effective |
| repairer, Valier or fitter, then you must operate under | | | | at the best price. |