Motor trade insurance is a type of insurance that covers the risks associated with buying and selling new or used cars, trucks, and other vehicles. It could also cover your workers' compensation claim if you're involved in an accident while operating a vehicle.
In most cases, motor trade insurance covers the cost of damage to your car when it's used for business purposes. You might also be covered if someone steals your car and causes damage to it. This coverage is typically provided by a company called an "insurance broker," but some companies sell motor trade insurance directly.
Motor trade insurance can also protect your business from liability claims if someone is injured in an accident caused by your vehicle.
There are two types of motor trade insurance:
1) Collision Damage Waiver (CDW)
This type of insurance covers your car in the event of an accident with another vehicle or object on the road. It will also cover your car if you hit something on the side of the road, such as a tree or a pole.
2) Comprehensive Protection
This type of motor trade insurance covers all damages to your vehicle caused by fire, flood, theft and vandalism.
In most cases, motor trade insurance covers the cost of damage to your car when it's used for business purposes. You might also be covered if someone steals your car and causes damage to it. This coverage is typically provided by a company called an "insurance broker," but some companies sell motor trade insurance directly.
Motor trade insurance can also protect your business from liability claims if someone is injured in an accident caused by your vehicle.
There are two types of motor trade insurance:
1) Collision Damage Waiver (CDW)
This type of insurance covers your car in the event of an accident with another vehicle or object on the road. It will also cover your car if you hit something on the side of the road, such as a tree or a pole.
2) Comprehensive Protection
This type of motor trade insurance covers all damages to your vehicle caused by fire, flood, theft and vandalism.