The auto trade industry is one of the busiest industries in the UK. As auto trade always takes place, auto trade insurance is a must.

Insurance protects auto dealers whether their business is conducted at home or from a business location. Whatever field you work in, whether it’s luxury sports cars or vintage cars, there will be a policy that’s right for you.

As with other policies, payments can be made monthly or you can pay the entire amount at one time. Some insurance providers offer discounts for new customers.

Auto trade insurance is essential and it is recommended that a person meet certain criteria. For example, the potential buyer of the vehicle must have held a full British driving license for a minimum of one year and there is a maximum of three drivers who can be registered in the car.

If a person has any convictions on their driver’s license, they are not eligible for trade auto insurance. Pending or ongoing convictions will also have the same effect. However, convictions that occurred five years or more ago are not counted.

Policyholders may not employ individuals who have been disabled from driving within the last five years. If they have been disqualified for a period outside the five-year range, then there is no problem for policyholders to hire them.

People who drive as part of their job are allowed to suspend their insurance if there is a conviction. If they receive a disqualification from driving for a period of one year or more while working for the company, the policy is suspended again.

Although it can be quite technical, investing in commercial auto insurance is highly recommended. As with companies that offer auto insurance, some insurers offer a discount to new customers.

It is wise not to simply choose the cheapest policy available. Most businesses are profit-driven, and while it’s natural to try to cut costs on expenses like auto insurance, your chosen policy may not cover everything your business needs.