Motor trade insurance policy is a must for motor traders. Nobody knows what life holds in store, so why take chances? Motor trade insurance policies are meant AC Motors Manufacturers for those trying times like accidents or thefts when you may need some help to sustain your business. Motor trade insurance covers a huge area, so it depends on your requirements as to which policy to buy. You need to also read up and get as much of an understanding before you buy a new policy.Who can get motor trade insurance?In the motor trade business, motor trade insurance policies give maximum coverage in case the specific vehicle, employees or anybody concerned with the undertaking suffers any sort of damage. People who can benefit from the policies are car dealers, mechanics, car importers, goods shipment and recovery agents.Spotting the perfect policy There are ample insurance policies available in the market and you can even find out about them online with a little bit of research.ClassificationsThe buyer can choose from three distinct policies.Motor trade road risks policy: This policy is meant for those individuals who are associated with the motor trade business. It does not matter whether their association is full time or part time. This is for sure the main one to bear in mind.Liability insuranceAs the name suggests, this policy covers damages due to 'liability' factors like any physical injury met by an employee in the business. Any injury or damage sustained during supply or sales of motor parts, inspection or repairing of vehicles or even during pre-delivery checks of motor vehicles. Where this can be known to go wrong a business and trade owner can very much be liable and prone to financial issues.Basic requirementsIn the U.K, the applicant for this insurance policy should possess a valid driving license for a minimum period of one and half years. There should not be any police enquiries or legal cases going on and the license should not show more than two faults due to road mishaps. Any more and this can have a massive bearing on how the policy will be able to work for you. It is very important to check out certain facts about the insurance company you are buying from. Like the validity of the company and also the over all settlement time and process. You are entitled to detailed information from the agent or companies concerned in this case. You should also know about the different local offices of the company and their customer support in case of further need.