Motor trade insurance is a very wide field and it covers a large area which includes car sales, repair centers, valeting and many more. The insurance for the motor trade varies to a great extent from third party insurance to fully comprehensive cover. Policies are also there to cover the extras which include imported cars, prestige high profile cars.
Many traders also do the car business or the insurance business from their home or office. But the point is one will have to take insurance for the motor trade from whichever place you operate. Trade motor insurance companies offer different quotes for the same policy and hence it will be wise for you if you save some amount of money by calling a few insurance companies and get the right quote.
To avoid paying higher amount to the insurance for the motor trade, if you make some changes in your business types, it is advisable that you pay for the entire policy at the beginning of the year. This will help you to save some money. If you are a part time trader and is into this business, you can opt for a part time insurance for the motor trade. Policies for a day or a week or a few months are also available.
