For owners in the motor trade business who have employees that are under the age of 25 there is a special insurance policy you need to protect yourself and your business. This is motor trade insurance made specify for the business owner with younger employees.
Motor trade business are those repair shops, car dealers, auction houses and testing centers that operate someone else’s vehicle as part of their business. This insurance will cover the costs of repairs to a vehicle that is involved in an accident that might or might not be the fault of the operator.
Yes there are 9 different types of policy depending on the coverage you desire.
By law everyone operating a vehicle on the road in the UK must be covered with a minimum of 3rd party liability insurance. In the motor trade industry the recommended minimal coverage is a comprehensive policy.
The reason motor trade insurance for those under 25 is higher than other drivers is the higher risks associated with covering younger drivers.