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Whether you purchase your cars new or used, use an independent car service repair or a franchised dealer or get your petrol and fuel from a supermarket or a local service station, the one common thing these type of businesses share is their need for protection and peace of mind in the form of motor trade insurance.

Combined Motor Trade Insurance is actually a type of insurance policy that can provide cover for many types of business in the auto industry including those who specialise in service and repair, sales, petrol sales or bodywork. And as the name suggests, a combined policy is designed for motor traders with premises who want a variety of risks covering under one simple to manage insurance policy.

So once a motor trader has established they need a combined policy they really a have options available to them in respect of how and where they buy it. A still relatively new way in which they can look to purchase motor trade insurance is by dealing direct with an insurance company. The benefit of dealing direct is that the trader can sort everything on their own so in the event of a loss and needing to make a claim, they can ring the insurer directly and deal with them until the claim is settled. This control of the policy is favoured by many motor traders who are happy that they understand exactly what they want and are happy to negotiate with insurance companies on premiums and claims settlements.

The second option available when buying combined motor trade insurance is still the one favoured by the majority of companies and that is to use an insurance broker. The benefits of using a broker are numerous and range from their ability to approach several different insurers to in some cases being able to offer you expert advice and guidance which could help reduce your exposure to risk and your premiums. When you combine this with the service that some brokers provide when you suffer a loss in that they will negotiate with your insurer to make sure your claim is settled quickly and favourably you can see why using a broker is still the desired choice for most motor traders.

There really is no wrong or right decision and whether you deal direct with an insurer or via an insurance broker who specialises in motor trade policies is really down to personal opinion. As motor traders you should however be aware of the options available and make the choice on what is best for you and your business. Make the right decision and there is every chance in the current financial climate that your combined motor trade insurance premium could reduce in the coming year.

This article was written by Mark Burdett from NCi Motor Trade. Mark has over 17 years Marketing experience in the Financial Services industry and has worked on campaigns for companies including Norwich Union, Kia and Zurich.

Now based in Newcastle upon Tyne Mark works for one of the UK's Leading Motor Trade Insurance Brokers - NCi Motor Trade.

To see how much you could save on your Motor Trade Insurance call NCi Motor Trade now on 0800 046 1446 or visit http://www.ncimotortrade.co.uk