Generally, there are two different types of motor trade insurance. It is important to know which one is best suited to your business and its needs. The two different types of motor trade insurance are:
Road Risk Insurance
This type of corporate motor insurance provides cover for the vehicles you own or those that are in possession as part of your business. If you own a corporate business this is typically seen as the minimum cover type and it is actually mainly used for smaller motor trade businesses that operate either at dedicated business premises or from their home.
Motor Trade Combined
This type of cover generally provides a wider range of protection combined into one policy, giving you protection for areas such as Public Liability and Employers Liability in addition to material damage risks.