Insurance is equitable transfer of risk of loss from one entity to a another in exchange for payment .The insurance rate is a factor used to determine the amount to be charged which is termed as premium .Motor Trade Insurance provides coverage against damage of vehicles ,employees and third party in the motor trade business .The people who are benefited are car dealers ,mechanics ,goods transit, body repairs ,car importers and recovery agents .This insurance is mostly available in the developed countries where there is more customers for this business . Motor trade is one of the businesses which involve more risk factor since the goods are transferred from one location to another.


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