What is Motor Trade Insurance? Motor trade insurance or “traders insurance” gives you cover if you’re buying and selling vehicles either from your home or from business premises. It also provides cover if you repair and service vehicles, offer a roadside breakdown service or fit tyres.
Can I drive a car thats on trade insurance?
You can drive your own vehicle under a trade policy, but you are only eligible for a policy if you sell vehicles for profit.
Do I need motor trade insurance?
Buying and selling cars for profit
Even if you only sell a few cars each year to make a profit, you need a traders’ insurance policy to stay road legal. That’s because running a motor trade business requires the vehicles in your possession to be insured.
Do you need trade insurance for trade plates?
Trade plates allow you to circumvent an otherwise lengthy process of registering and taxing every single vehicle which is in your temporary possession. It is important to note that you need trade plate insurance before you can legally drive a car with trade plates on public roads.
What is a trade policy car insurance? – Related Questions
How long can you drive on trade plates?
Trade plates are relatively affordable, depending on when you apply. This is because licences must be for longer than six months and expire on the 30th of June or 31st December, you’ll likely get trade plate licences for between 7-11 months at a time*.
Can anyone drive on trade plates?
Motor trade plates show that a vehicle is being used temporarily for trade purposes. They are suitable for any vehicle that is temporarily in your possession; allowing you to drive without registering and taxing it first.
What insurance does a trade plate driver need?
You can only get trade plates from the DVLA (Driver and Vehicle Licensing Agency). To apply, you’ll need to be a registered company and give the DVLA your Companies House registration number. You’ll also need proof of public liability insurance and your motortrade certificate.
What are the rules for using trade plates?
What are the rules? Trade plates must be used only for the particular business purposes for which they were issued. It is an offence to use more than one vehicle under a trade licence at any one time, and to keep a vehicle on a road when not in use except in certain emergency situations.
Can I drive a car without MoT on trade plates?
Trade plates cannot be used on unroadworthy vehicles. All vehicles must be covered by insurance and have a valid MoT in place, unless they are exempt from MoT requirements. All unroadworthy vehicles must be transported.
Are trade plates exempt from ULEZ?
Most motor trade vehicles, including those used on trade plates, will not be exempt. There are other more specialist exemptions including coastguard vehicles, European Economic Area member state vehicles that have been registered, and breakdown vehicles.
How can I make my car ULEZ free?
Can I make my car ULEZ compliant? There are ways that you can make your car compliant. For example, there is emission reduction technologies that you can employ, such as selective catalytic reduction, or you can replace your engine with one that meets the ULEZ standard.
What age cars are exempt from ULEZ?
Classic cars may be exempt from the ULEZ if they fall into the historical vehicle tax class. This generally applies to any vehicle built more than 40 years ago. Be sure to check for your vehicle to see if this exemption applies to you. You may also have to register your vehicle in order to make sure it is not charged.
Do trade plates cover tax?
Trade licence plates are number plates you can use on vehicles your business has for things like selling, repairing or testing. If you display trade licence plates on any vehicle, your employees and customers can drive the vehicle for certain purposes without having to pay to register and tax it.
Can I drive a car with no tax on trade insurance?
Car insurance policies always include a clause requiring you to keep your vehicle taxed, along with other requirements such as getting an MOT certificate and keeping the vehicle in good repair. If you drive your vehicle without paying the right car tax, your insurance policy could be invalidated and any claims refused.
What does a trade plate look like?
Originally in 1921, they consisted of red characters on a white background and a triangular licence plate holder on the front plate. As is the case with the auto industry, changes happen quickly. Today, however, trade plates are characterised by a white background with red font.
What is it like being a trade plate driver?
There is usually plenty of work, You dont have to use your own car to get to work, most travel costs are paid if justified, aborted or failed work that is not your fault are paid (aborts), no one gets on your back if you know what you are doing.
How much do trade plate drivers earn UK?
Previous trade plate experience is essential. ECM are currently recruiting for full-time professional and experienced trade plate drivers, on a permanent contract basis. Salary: £22,800.00 per year.
Can I borrow trade plates?
No – trade plates can only be used for trade purposes. While your motor trade insurance policy may well allow you to drive your own private vehicle on cover with the same policy, the same does not apply to trade plates.
What is a self employed trade plate driver?
Vehicle Collection & Delivery Trade Plate Driver
* Our self-employed vehicle collection and delivery drivers start their day from home, you will inspect vehicles for damage, collect and deliver vehicles throughout the day, finishing your day back at home.
What is a trade driver?
The Dealer Trade Driver deliver, and transfers vehicles from various locations as requested by the sales department. Picks up and transfers new vehicles between dealerships as requested.