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Motor Trade Insurance - Introduction

Summary

This motor trade insurance training workshop aimed at delegates who are just getting involved with motor trade insurance. It prepares them for day to day contact with insurers and clients.

Our introductory level motor trade insurance workshop goes beyond the purely motor issues and encourages delegates to consider the wider insurance needs of a motor trader.

Delegates should have some existing knowledge of motor and commercial insurances. They’ll experience a full day of immersion in the principles and practice of motor trade insurance.

Course Content

  • An examination of the reasons why a motor trader needs a special type of motor insurance policy
  • A review of the law relating to motor insurance with particular reference to the MID
  • How the different types of road risks policies are rated and an examination of the relevant underwriting factors
  • An in-depth analysis of road risks cover and extensions including a comparison of market policy wordings
  • A summary of non-motor covers and how these are adapted to suit the motor traders’ needs.

Learning Objectives

  • List the reasons why a motor trader needs special treatment for motor insurance risks
  • Explain a motor trader’s obligations under the MID
  • List trades which require motor trade insurance and the reasons why
  • Describe the various rating methods, including named driver, points basis and fleet rating
  • Describe the types of underwriting information required to assess a motor trade risk
  • Summarise the respective covers under road risks and non-motor policies issued to motor traders
  • Give examples of how risk management methods can be applied to the risk assessment process.

Ready to book?

Simply complete the booking form with your details and a member of our team will be in touch with the next available dates. 

Any questions?  

If you’re not quite sure if this course is suitable or are looking for further information, call our team on 0117 244 7221.