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Life is a game of risk and as a clever player you need to have every instrument that minimizes this risk so that you stand a better chance to win the race. This is very applicable for motor traders. It’s their professional hazard that they have to undertake and understand so many risks. Anytime, anything can happen in the roads and then you as the owner of the business and vehicle are liable to be questioned and demanded compensation.

Motor Trade insurance is for car dealers, importers, mechanics, recovery agents and goods shipments. Sometimes having a motor insurance is a legal requirement but above that it does secure your business.

There are three different Motor Trade insurance that one can choose from: motor road risk policy, comprehensive insurance and liability insurance. Risk policy is for those whose vehicles are on the road and can meet accidents anytime. A comprehensive policy covers more than road risks and this includes equipment, stock material and business building. Liability insurance on the other hand covers those who suffer injuries or death due to the business that you are engaged in. it may be your employees, customers or any other person.

The requirements of Motor Trade insurance are your vehicular papers and licenses.

This entry was posted on Wednesday, June 15th, 2011 at 6:35 am and is filed under Insaurance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.