Submit Your Motor Insurance Database Updates Quick & Easily via Trade Plan Insurance
All vehicles insured on your motor trade policy and all trade plates owned should be added to the MID, including;
- All permanent vehicles (i.e.vehicles registered to, owned by, or leased to you) and any vehicles whose use is regularly covered by the policy (e.g. employees' vehicles)
- Temporary vehicles held for more than 14 days (e.g. borrowed vehicles)
- Tax stock vehicles (if held for more than 14 days)
- Vehicles for which only contingency insurance is held if they are kept more than 14 days
Untaxed stock vehicles (i.e. driven on trade plates) need not be notified, although if it is easier simply to notify every vehicle, this is fine, in fact this is MIIC's preferred approach.
When a licensed vehicle leaves your stock, remove it from the MID.
Please be aware failure to comply with the Motor Insurer's Bureau legislation on the Motor Insurance Database could result in a £5,000 fine.
For the ease of our existing clients we have provided the MID Update submission form to the right of the page.