I was into the business of selling vehicles at good prices and for doi

Published Friday, 4th Sep 17:52 BST

I was into the business of selling vehicles at good prices and for doing that I first needed a motor trade insurance policy from an insurance company. In order to trade motors, I have to follow a lot of policies which was laid by the government and failing to meet any of the given guidelines will lead to the cancellation of the motor trading license. In order to get a motor trade insurance policy, I first met an agent whohelped me fill the forms and then he took a cheque of £1500 for the insurance. After paying the cheque, the person working for the insurance company scanned my details and updated it on his computer. Once that was done, he gave me the new policy number and the new policy where it was stated that I renewed the policy on 20-August-2009.

I started this business when I was 22 years old and had learnt a lot about this trade from my father. I had experienced that a person can earn good amount of money in trading motors but the most important thing for the trader is to ensure that he has all his papers in place so that in case if there happens an inspection, the trader should be ready with all the papers which proves that he has already taken permission from the government to run this business and that the business is absolutely legal. However, if he miss out anything, even the slightest details are not available then he could be under serious trouble for not following the law. Out of the many legalities required in this trade, motor trade insurance policy is the most important document needed by a trader.

I was initially assisting my father who was in this business from a long time and later taught me the tricks of this business. When I was a small child, I remember my father doing this business from home. As I grew up, I saw him work very hard to expand his business and he ultimately bought an office which he gave it to me so that I can take care of all the operations and help him expand his business. Now I am in to this for the last 4 years and have seen many ups and downs but whenever I felt that things are not working for me, the first person who comes to help me is my father. My father particularly told me to be very careful about motor trade insurance policy and made it very clear that whenever the policy gets over, the first thing I need to do is renew the policy with the help of an agent.

I am happy that I got the most important thing done with the help of an agent and I can continue doing my business the way I used to.

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