As we all know life across the globe is very unpredictable. Every individual wants to live without stress about anything he wants to ensure his life, assets and all the tangible and intangible amenities for himself and his family. Insurance companies provide today all the kinds of solutions in this regard. The solutions can cover your risk factor and insecurities which all the time hovers your mind.One such insurance is motor trade insurance, which provides your business a cocoon to flourish without any hindrance.
The motor trade insurance policy is divided into 5 sub categories:
- Road Risk Policy: In this type of policy, if any accident occurs damage to the third person is paid by the company although this policy is upgraded to the damaged caused to or by third parties is also eligible. The premium of the upgraded policy will be higher than the former one.
- Theft, Fire and Road Accident: Insurance company will only be ready to pay for these damages, for other risks business owners have to pay.
- Comprehensive cover: It is a policy with widespread benefits of road risk accidents it comprises of the damages caused by traders to the vehicle in their custody.
- Liability Cover: This cover ensures the business owner liability towards his clients and employees.
- Combined Policy: This policy is the combination of all the above policies and that is why considered as best and durable policy by the business owners. It covers all types of liabilities a business owner has for his clients, employees, products and all the road risks. This policy makes the business owner’s mind free from all kinds of insecurities.
Hence a businessman should consider the policy which not only satisfy his requirements, but also gives him monetary benefits. He can choose the policy which gives him satisfaction without stressing his pocket.