THB Risk Solutions has developed a new motor trade facility backed by Axa.

The Peterborough-based THB's Motor Trade UK product is designed for mid-sized independently owned dealers and vehicle body repair shops with premiums between £5,000 and £100,000.

The Vehicle Builders and Repair Association has accredited MTUK as its preferred product.

THB will distribute MTUK to an exclusive panel of 100 agents across the UK who will need to demonstrate expertise in the motor trade market and have a positive attitude to risk management.

Managing director of THB Risk Solutions, Andy Hawkes, said: “We've worked with Axa to develop an exclusive, wide wording that stands up to any other product available today.

“In addition, we are the first scheme to bring a complete risk management ‘wraparound' to this class with property, health and safety, and road risks consultancy. Each client will benefit from a risk management review by an experienced risk manager with the inclusion of health and safety documentation and road risk assessments as an integral part of the package.”