Motor trade insurance is a specialized type of insurance designed for businesses involved in the motor trade industry. This industry includes activities such as buying, selling, repairing, servicing, or trading vehicles, whether it’s cars, trucks, motorcycles, or other types of vehicles. Motor trade insurance provides coverage for the unique risks that businesses in this industry face, offering protection for vehicles, employees, premises, and liabilities.
Motor trade insurance is crucial for anyone involved in the motor trade industry. If you’re a car dealer, mechanic, repair shop owner, vehicle transporter, or engaged in any business related to buying, selling, servicing, or trading vehicles, motor trade insurance is essential. This includes both full-time and part-time businesses. Whether you operate from a garage, dealership, or even from home, this insurance provides tailored coverage for the unique risks your business faces. Protecting against accidents, damages, liability claims, and unforeseen events, motor trade insurance ensures your operations run smoothly and your assets are safeguarded. Don’t risk the future of your motor trade business—get the right insurance coverage today.
Motor trade insurance and regular car insurance serve distinct purposes. Regular car insurance is intended for individuals who use their vehicles for personal purposes. On the other hand, motor trade insurance is specifically tailored to address the unique requirements and risks associated with businesses in the motor trade industry.
Yes, depending on your insurance provider and policy terms, you might be able to transfer your no-claims bonus from your personal car insurance to your motor trade insurance. Discuss this option with your insurer to determine if it applies and how it could affect your premium. Remember, policies may vary, so inquire about specific guidelines before making a decision.
You may contact Asure Insurance Agency Customer Service Hotline at +65 8823 8181 to deactivate your account.