Motor trade insurance - the basics
Anyone who runs a business dealing with cars and other vehicles needs motor trade insurance. It's a legal requirement. Garages, dealers and mechanics all need it - but so do car valeting services. If you're looking after customers' cars, you need at least basic third party insurance.
It's different from basic car insurance because it covers customers' cars as well as cars that you or the business owns - as long as they are being driven by one of the drivers specified on the policy. Traders can usually add vehicles to cover when they acquire them, and take them off the policy once they're sold. Motor trade insurance can also cover liability risks on your premises - for instance, if a customer slips and falls on your forecourt - and can cover your tools and equipment, as well. For those with employees, employer's liability insurance is a legal requirement, and can often be added to the general motor trade policy.