With a number of insurers reducing capacity and/or contracting their distribution for Motor Trade business, MMA Insurance is expanding its range with the introduction of a Motor Trade Combined product.
MMA’s Motor Trade Combined offers cover on a comprehensive road risks basis and includes material damage, business interruption, combined liability, goods in transit, money and assault. The product also includes the option to include engineering, legal expenses, loss of MOT licence and equipment breakdown.
As an added incentive, the first 500 policyholders will each receive their own MMA DNA+ forensic coding pack free of charge. The product can be used to mark vehicles and other valuable items, thus providing irrefutable proof of ownership for traders in the event of a theft. DNA+ warning labels, which can be displayed on the motor traders’ premises, also act as a significant deterrent to thieves.
MMA’s Director, Commercial Underwriting, Paul Hodgson said: “The decision to launch our Motor Trade Combined product comes as a direct result of broker feedback and demand. Our product offers highly competitive, market-leading cover for its target customers.
“The launch of Motor Trade Combined builds on MMA’s longstanding position as a leading insurer in this sector through our Road and Internal Risks and Motor Serv products. The new product will be a bespoke proposition underwritten through our seven regional offices, further strengthening our capability for combined business.”
Source : MMA Press Release
