1. Road Risk Insurance: This is the fundamental component of motor trade insurance, required by law for anyone driving vehicles as part of their business. It covers driving vehicles owned by the business or customers' vehicles. The coverage can vary from third-party only to comprehensive cover, depending on the needs of the business.

2. Liability Cover: This includes public liability, product liability, and employers' liability. Public liability insurance protects against claims from third parties who suffer injury or property damage due to the business's operations. Employers' liability is mandatory if the business has employees, covering legal costs and compensation if an employee is injured at work.

3. Combined Motor Trade Insurance: This comprehensive policy encompasses road risks, liability, business premises, tools, and equipment. It offers extensive protection, making it a cost-effective solution compared to purchasing separate policies for each risk.

4. Specialised Covers: Depending on the nature of the business, additional covers can be included, such as stock vehicle cover, business interruption, and uninsured loss recovery. These specialised covers ensure that specific business needs and potential risks are adequately addressed.