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MOTOR TRADE FAULTFINDER Important: The information you give on this form is relevant to our assessment of the insurance risk (i)At new business quotation stage or (ii)on renewal Failure to provide

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How to fill out motor trade internal risks

01

Identify all potential internal risks within the motor trade business such as theft, fraud, employee dishonesty, and data breaches.

02

Conduct a comprehensive risk assessment to prioritize and understand the severity of each identified risk.

03

Implement security measures and protocols to mitigate and manage these internal risks effectively.

04

Train employees on how to recognize and report any suspicious activity or behavior that may indicate internal risks.

05

Regularly review and update internal risk management strategies to ensure they remain effective and relevant.

Who needs motor trade internal risks?

01

Motor trade businesses of all sizes and types, including car dealerships, mechanics, auto body shops, and car rental companies, need motor trade internal risks coverage to protect their operations and assets from potential financial losses and damages caused by internal threats.

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What is motor trade internal risks?

Motor trade internal risks refer to the potential risks and threats that may arise within the motor trade industry, such as theft, vandalism, or fraud.

Who is required to file motor trade internal risks?

Motor trade businesses and dealers are required to file motor trade internal risks.

How to fill out motor trade internal risks?

Motor trade internal risks can be filled out by providing detailed information about the potential risks faced by the business, along with any measures taken to mitigate these risks.

What is the purpose of motor trade internal risks?

The purpose of motor trade internal risks is to assess and manage the potential risks faced by motor trade businesses in order to protect their assets and operations.

What information must be reported on motor trade internal risks?

Information such as the types of risks identified, the potential impact on the business, and the actions taken to address these risks must be reported on motor trade internal risks.

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