Looking for affordable and reliable Road Risk insurance for your motor trade business?
Whether you’re a part-time trader, a mechanic, or buying and selling vehicles from home, our comparison service helps you find the best deals tailored specifically for road use only. We understand that not every motor trader needs full premises cover. That’s why our brokers focus solely on Road Risk policies, giving you quick access to quotes that match your exact needs and budget.
Compare trusted UK insurers today and get the protection you need to drive, move, and work with confidence.
How our process works
We’ve worked hard to refine our process and keep it as quick, easy and simple as possible for our customers.
What is Road Risk Insurance?
Road risk insurance is the most common bought form of motor trade insurance. It insures motor traders for working on and driving vehicles belonging to their clients. It also enables a trader to insure cars they are buying and selling (subject to a MID update).
Insurance for road risks is typically bought by those who trade from home as it does not insure a property.
What Are The Different Levels Of Road Risk Cover?
There are three main types of road risk insurance that are available to motor traders. These include:
- Third-Party Only (TPO) Road Risk Insurance: This is the most basic level of road risk insurance that is legally required. It covers damage or injury that you cause to third parties but does not cover any damage to your own vehicle.
- Third-Party, Fire and Theft (TPFT) Road Risk Insurance: This level covers damage or injury caused to third parties as well as covering your own vehicle in the event that it is stolen or damaged by fire.
- Comprehensive Road Risk Insurance: This is the highest level of cover available and covers damage or injury to third parties. It also covers your own vehicle in the event of an accident. Comprehensive road risk insurance can also provide additional cover for things like windscreen damage, personal injury and legal expenses.
Does road risk motor trade insurance cover you to drive any vehicle?
Road risk cover lets you drive vehicles connected with your trade—your own stock or customers’ cars—only for business use, and only if you’re named on the policy.
It doesn’t allow you to drive any random vehicle (like personal or friends’ cars) for non-business purposes.
What Businesses Need Road Risk Insurance?
Traders that work with vehicles or operate in the motor trade industry typically require road risk insurance. This can include but is not limited to:
- Motor traders, including those who buy and sell vehicles or offer repairs and maintenance services.
- Mechanics and body shop garages that repair vehicles.
- Car sales and dealerships that buy and sell vehicles.
- Valet parking companies that handle customer vehicles.
- Car rental companies that rent out vehicles to customers.
- Vehicle transport companies that move vehicles from one location to another.
Road risk insurance is important for these businesses because it provides cover for the risks associated with being on the road such as accidents, damage, and theft.
It also provides protection for third-party liability which means that it covers any damages or injuries that the business causes to another person or their property while using a vehicle.
The specific level of road risk insurance that a business requires will depend on the nature of their activity and the types of vehicles that it works with.
Do I Need Road Risk Insurance As A Motor Trader?
If you are a motor trader then you are likely to require road risk insurance as it is a legal requirement to have at least third-party insurance to cover any accidents while you are on the road.
Having adequate road risk insurance can also help to protect your business’s reputation and financial stability by providing financial protection in the event of claim.
The suitable level of cover for you will depend on your exact business activity. For example, if you operate a car dealership you may require a higher level of cover than if you operate a smaller repair garage. It’s always a good idea to speak with a specialist motor trade insurance broker to ensure that you have the appropriate level of cover.
If you operate from a separate premises to you home that you need to insurance, then you will want a combined policy to wrap everything up in one cost effective policy.
