Despite the similarity of names, motor trade insurance is fairly different from the typical motor vehicle insurance. The differences stem from the nature of the policies; the former is principally a form of commercial insurance, the latter a private policy for individual motorists.
Like private motor insurance, motor trade policies come in a variety of levels of cover like third party, third party fire and theft and comprehensive insurance. Unlike car insurance though, motor trade policies cover the driver – not the driver and the vehicle.