Modern day insurance has come a long way since its humble beginnings over 3,000 years ago. According to the Babylonian Code of Hammurabi dating back to 1760 BC, merchants who took out loans in order to pay for the shipping of their products, could opt to pay more and if they did and something happened to their freight during a voyage, the loan would be deemed cleared. Although there is no evidence to suggest that around the same time the Chinese were exercising a similar practice with sea going freight, it is believed that they had a similar system for freight being shipped down treacherous rivers. There seems to be no evidence suggesting any other form of insurance was used until 1347 AD when the merchants of Genoa banded together to form their own system of insurance. This system involved the merchants paying into a fund which would compensate any of them for loss of their freight. Unfortunately although the merchants no needed to take out loans to be insured, insurance was still only available to merchants and why this is unfortunate is because insurance was not available for homes until after the great fire of London in 1666 when 13,000 homes were destroyed. To ensure that people could in future, insure their homes, Sir Christopher Wren included in his plans for the new London, an insurance house and it is known that from that house at least 5,000 homes were later insured. Switching back to merchants, in 1671, Edward Lloyd opened a coffee house in London to establish somewhere where merchants could go to find wealthy landowners who were prepared to insure their cargoes. This marked the beginning of insurance as we know it today. However, insurance didn’t real play a big role in people’s lives until the introduction of the car. Once it was established that every car must be insured, insurance started to become big business and is today a multi-billion dollar enterprise. Now it is possible to get insurance for almost anything and that includes motor trade insurance for professionals in the motor trade business. This motor trade insurance can even be taken out by part time workers and the best way to check out the best part time motor trade insurance, is to look online. Even when you look online though, you want to find an insurance company that specializes in motor trade insurance as they are the ones that will be able to give you a policy which is tailor made to your exact needs. Although other insurance companies may be able to offer you motor trade insurance policies, often they are a general policy which means you pay or more coverage than you actually need. A tailor made policy on the other hand, will ensure you get adequate cover without you having to pay for cover you know you will never need. In this modern age, insurance is necessary but none of us wants to pay for more cover than we really need.