Understanding Motor Trade Insurance

It is common knowledge, that to be able to driveThere are three main types of motor trade
legally on the roads in Britain, you must have carinsurance; these are:
insurance. Anybody who drives a car is more than•    Road Risk Insurance;
well aware of the legal stipulations of being•    Liability Insurance; and
insured, and more importantly, what can happen if•    Combined Insurance.
we are not.Road Risk Insurance:
There is a lot of information and public noticesThis is the lowest band of motor trade insurance
about general car insurance, however the businessand is a minimum requirement in order for a
of motor trade insurance is an entirely differentbusiness to trade legally.
matter.Liability Insurance:
Motor trade insurance is a vital component forThis particular level of insurance is vital if a
any motor related business to trade legally. Tradebusiness has employees, as this covers them also.
insurance is a specialised policy specifically forCombined Insurance:
businesses in the motor trade industry. This canThis type of insurance covers both road risk and
range from mechanics to car dealers andliability insurance.
tradesmen to name but a few.For more detailed information regarding the
The general requirement for motor tradedifferent levels of insurance available, and which
insurance is anybody who uses a vehicle for workone is right for you contact a reputable motor
business purposes. Driving a vehicle for worktrade insurance provider and be sure to tell them
purposes under a private usage policy is illegal.your exact requirements.