BROKER ACADEMY: INTRODUCTION TO MOTOR TRADE INSURANCE

Overview

This interactive course provides delegates with an introduction to motor trade insurance cover and associated considerations.

Programme

• Primary risks associated with motor trade businesses
• The reasons why a motor trader needs a special type of motor insurance policy
• The law relating to motor insurance with particular reference to the Motor
• Insurance Database
• Policy wordings and conditions and exclusions
• Popular policy extensions
• How the different types of motor trade insurance are rated and an examination of the relevant underwriting factors.

Learning outcomes

At the end of the course you will be able to:

• Describe the types of commercial vehicles and the risks associated with each
• Identify the key risks associated with motor trade businesses
• Describe the main aspects of motor trade insurance
• Explain the structure and usual content of insurance policy wordings, including popular extensions
• State how the Motor Insurance Database impacts on motor trade businesses
• Explain a motor trader's obligations under the Motor Insurance Database
• Outline the key underwriting and rating considerations for motor trade insurance.

Who should attend?

This course has been designed for delegates with no previous involvement in motor trade insurance.

Follow-on course

Intermediate motor trade insurance

CPD hours

Attendance of this course awards up to 6 CPD hours where you consider it relevant to your professional development needs.