Sand Finance

I have studied Insurance Laws when I was still a law student in Manila. The subject insurance laws however had a very limited mention of motor trade insurance, more so, of motor trade insurance policy.

Since my sister is very interested in the business of selling new and second hand cars and other vehicles, she asked me about all the legalities of this business. I had to have a research about motor trade insurance policy as well and study how motor trade businesses deal with it.

Insurance coverage in motor trade businesses is a very important part of the business. This will definitely protect the concerns of the business owner as well as third parties involved. Motor trade insurance policy is quite a bit complicated for me though especially regarding the provisions on liabilities. I had to consult my lawyer-friend several times and discuss with him matters that I cannot understand.

One thing I have learned though in the process doing a self-study in this kind of business is that there are also some groups and associations constituted by motor trade business owners. Any group like this will help a business owner in this particular sector to fully understand the ins and outs of the business. This is a very interesting part of the social and business life of motor trade business owners. In Australia, they have this very huge association called Motor Trade Association of Western Australia. This one is a prominent and well established group and their services and support to its members are huge in coverage. Hope sister will find one like this in Manila.

The primordial purpose of motor trade business associations or groups is to protect the interest of the business owners as well as to render support necessary to resolve any conflicts and problems in the field of business. I told my sister that joining a group like this once the business has already started will give her more guidance and best direction in the business. Legal advice is also given to motor trade business owners as part of the association's program. Legal advice, whether it be a small or huge issues like motor trade insurance policy provisions and even quotes, can be obtained for free.

When all the areas of concerns in putting up this business are all studied and ready for processing and execution my sister would be ready to go; no backing out. I am very excited for her as well. This is what she has always dreamed of.