Both part-time and full-time motor traders that sell, buy or repair cars understand the importance of a motor insurance policy for the business and as a legal requirement. Motor traders are continuously facing unforeseen risks to their operations and if not properly insured, not only could they face financial ruin but also could be issued with a motoring conviction on their driving licence. It is important to take appropriate measures from these risks to minimise your losses to your business. A motor trade insurance policy can help your business from risks such as an accident on a public road, theft or fire.

No two motor trade businesses are the same, so each risk has to be assessed on its own merit. The motor trade insurance policy that you take out will usually be tailored to your specific requirements providing the level of cover suitable to your business needs. Multitude of different options is available to the motor trader dependant on their business composition. For example a one person part-time motor trader buying and selling second hand cars from home will have different insurance needs from that of a garage repairing cars and employing may mechanics and staff. By shopping around you can obtain a cheap motor trade insurance policy for your business. With so many insurance companies now online and all plying for your motor traders insurance business it is possible to get a highly competitive quote.

Many different options are available on a motor trade insurance policy. Some of these include road risks policy with the option of comprehensive, third party and third party fire & theft covers. Premiums will vary according to insurers rating criteria’s such as age, experience, cover chosen etc. Motor trade operations with business premises would ideally be suited to a motor trade combined insurance policy providing a comprehensive cover for the garage, liabilities, own vehicles and customer vehicles. Most insurance brokers will offer advice if you are not sure on the type of motor trader insurance you need. Remember to do affordability check and ensure that the price quoted can easily be paid. Again most insurance brokers will offer flexible payment terms.

By taking the time out to discuss your requirements with a professional motor trade insurance broker will ensure that the policy offered will provide all the cover needed for your business. The insurance broker, will also advice of any additional cover that may be highly beneficial to your motor trade business.

An important point to remember for motor traders that are in the business of buying and selling cars is that it is a legal requirement under the Road Traffic Act to have a minimum of third party insurance cover to drive any vehicle on the public highway.

Active are the leaders when it comes to Motor Trade Insurance policies and for details of their Motor Trade Insurance packages or to get a motor trade insurance quote simply visit the Active Insurance website.