What are Motor Trade policies and who can have one?

I have just started working with Motor Trade policies. Can anyone tell me what they are? Who can have one? My main focus is to look at the indemnity issues and obtain evidence to prove that the individual is trading as a motor trade.

Asked on 9 June 2010 by Beck

Answered by Honest John

How can you have been employed to work on Motor Trade policies when you don't even know what they are? But to answer your question they are policies for traders that cover the policyholder and elected employees to drive any car up to a specified value and any untaxed car bearing the trader's trade licence. If the car is retained for longer than seven days it has to be registered on the insurer's database.

Tags: traders insurance

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