Specialist motor insurer and underwriting agency Tradex is to launch a multiple car policy.

The product is targeted at people who, though not motor traders, want to cover multiple vehicles. This would include people such as collectors.

A spokesman for Tradex said that the policy offered the perceived benefits of a motor trade product but without the restrictions, such as conditions relating to parking at night and trade valuations.

The company is also set to roll out a new IT system in February or March. The next stage of development will be to set up an online system for brokers.