Q: I have a tyre repair shop. I want to get this RMI Accreditation for it. Its like a motoring board and carries weight in the vehicle repair and service industry.
One of the requirements in order to be accredited is that I must have a 3rd party insurance to the value of 500k. So if something happens to the customer's vehicle in the shop or a customer's vehicle gets stolen or damaged, etc. the insurance will cover the vehicle.
So the insurance won’t be for my business, it will only be 3rd party to cover the customers vehicles, etc.
Is it permissible to take out that insurance to get the accreditation or must I stay away from it completely.