Tradex insures small businesses operating in the motor industry. The London company claims to be one of the largest independent insurers in this niche area, with 40,000 policies. Founded in 1995 by Roy Clegg, the company has boosted its sales 67% a year from £8.1m in 1999 to £37.4m in 2002. It also provides non-standard products, such as insuring a Sherman tank for on-road use as part of an advertising campaign. The driver paid £1,000 a day for the cover.
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