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Road Risk Motor Trade Insurance

Road Risk Motor Trade Insurance is a legal requirement for any business owner who deals with car repairs, maintenance or sales. A road risk policy will cover day to day business activities

Road Risk Motor Trade Insurance UK Price Comparison
Road Risk Motor Trade Insurance UK Price Comparison

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Road Risk Motor Trade Insurance UK Price Comparison

Compare Road Risk Motor Trade Insurance Quotes

As a business owner, you may have control or custody of customers and stock vehicles for motor trade purposes. For this reason, it’s imperative to have road risk insurance to protect your business from claims and accidents that may result from the operation of your business.

Road risk motor trade insurance protects your business when driving vehicles you don’t own. If you work as a mechanic, run your own car valeting business, or buy and sell cars from home, road risk insurance offers peace of mind that your business is protected if things go wrong.

Some of the Traders Which Can Be Covered:

What Is Road Risk Motor Trade Insurance?

Road risk motor trade insurance is the minimum legally required policy of motor trade insurance. It’s designed to protect your business from claims of damage or injury caused by a vehicle that’s in your company’s care.

Road risk motor trade insurance is necessary if you run a motor trade business full- or part-time or work in any area of the motor trade business that deals with vehicles. This may include repair and service work for customer vehicles in the care, custody, or control of your business.

Road Risk Motor Trade Insurance can cover:


Product Liability Insurance


Flexible Monthly Payments


24hr Claims Helpline


Motor Traders Policy For Over 25+


Accident Support / Replacement Vehicle


Material Damage Cover


Equipment & Premises


Combined or Road Risk Insurance


Comprehensive Cover

Road Risk Motor Trade Insurance UK Price Comparison

Road Risk Motor Trade Insurance FAQs

Helpful links

The Institute of the Motor Industry Website

Retail Motor Trade Federation – The Retail Motor Industry Federation (RMI) is the UK’s leading automotive trade body, representing franchised car and commercial vehicle dealers, independent garages, bodyshops, motorcycle dealers, petrol retailers, auction houses and cherished number plate dealers,

What Levels of Coverage are Available for Road Risk Motor Trade Insurance?

There are three levels of coverage for you to choose from:

Third-party only: is a policy that protects your business against damage or injury to third parties and their property. In other words, this level of insurance helps in case property is damaged or an individual is injured. However, this coverage does not protect you or the vehicle you’re driving. If you suffer an injury and the vehicle is damaged, your company must pay for these costs out-of-pocket. This is the minimum level of coverage you are required to have by law.

Third-party, fire & theft: this cover includes everything that’s in third-party only and protects the vehicle in your care from theft and fire. Here, again, you and the vehicle are not covered in case of an accident. Your business will have to pay for injuries and the vehicle’s repair out of pocket.

Comprehensive: is a policy that offers the highest level of protection and includes all of the protection above. It also covers accidents and injuries for you and the vehicle in your care.

Bear in mind that road risk motor trade insurance does not cover the following:

  • Vehicles that you personally own and use (unless specified in the policy)
  • Vehicles necessary to run your business, such as a mobile van or recovery vehicles
  • Public or employers’ liability coverage, which can be taken out in addition to road risk insurance, depending on the type of business you own.

We recommend taking out the highest level of insurance protection you can to ensure the vehicles in your care are protected. With a comprehensive road risk policy, almost every aspect of your business is protected.

Are the Vehicles Insured at my Home or Business Premises?

If you work from home, your home address will be counted as the business premises. Your insurance policy will protect this address. However, if you have dedicated business premises, it’s necessary to buy another type of insurance policy to protect that address.

Can I Pay for My Insurance with Installments or Annually?

Yes, you can arrange to pay the premium either in installments or annually. However, this must be arranged and agreed upon with your insurance provider.

If I Have Any Convictions During my Insurance Policy, Do I Notify my Insurance Provider?

Yes, it is necessary to notify your insurance provider about any criminal or motor convictions as soon as possible. If you don’t, your motor trade insurance policy could be invalidated

Do I Need to Tell You About All the Vehicles in my Possession?

Yes, your insurer will require you to declare all vehicles that are in your care or are sale stock when your insurance starts (or when it’s renewed). It’s also legally required to list all taxed vehicles used on the road, with the exception of vehicles that are not held longer than 14 days. During your coverage period, any vehicle owned for more than 14 days must be declared on the Motor Insurance Database (MID). Your insurer may be able to update this for you during office hours, or you can update the information online yourself.

Are my Employees Covered for Private Use or in Their Own Vehicles?

No, motor trade insurance does not protect an employee-owned vehicle. They must have the proper insurance for their vehicle. However, it is possible for an employee to be covered to drive vehicles for motor trade use only if they are named drivers.

Am I Able to Drive the Vehicles on my Road Risk Policy for Private Use?

No. You may only drive your personal vehicles that are covered by standard auto insurance. Customer vehicles are for motor trade use only.

Do I Need to Let my Insurance Provider know If There are Any Changes to my Business?

Yes, it’s necessary to let your insurance provider know of any changes to your business that could affect your policy and premium. So, be sure to keep them updated about changes to your business. For instance, this could be a change of address, a motoring conviction, and more.

Can I Have Road Risk Insurance if I Work Part-time in the Motor Trade But Full-time in Another Job?

Yes, you can be covered by road risk insurance if you work part-time in the motor trade and have another job. Most insurers will provide coverage if you can prove that you’re running a valid motor trade business.

Who Needs Road Risk Motor Trade Insurance?

Road risk motor trade insurance has been designed for part-time or full-time motor trade businesses that buy, sell, or repair vehicles. All motor traders must have coverage if they drive vehicles in connection with their work. This type of coverage is best for motor traders who work from home, which is usually classified as business premises in this instance.

For this type of insurance, it’s necessary to have proof that you work within the motor trade industry. This can be done through receipts for parts, vehicle purchases, and sales.

These businesses can benefit from road risk insurance coverage:

  • Mobile mechanics
  • Valeters
  • Part-time motor traders
  • Motorcycle traders
  • Recovery & breakdown businesses
  • Body shops
  • MOT stations
  • Service & repair garages
  • Classic car restoration businesses

Here, you’ll find some of the most common questions we hear about road risk insurance.

What Other Coverage is Available with Road Risk Motor Trade Insurance?

Employers’ liability: is legally required if you have one or more part-time or full-time employees, temporary staff, and trainees. This is liability protection to protect employees if they are injured, become ill, or die as a result of working for your company. This coverage pays compensation and legal costs if an employee makes a claim against your business.

Public liability: protects against claims made by members of the public against your business. This insurance is highly recommended if members of the public are visiting your business premises. It offers protection if a member of the public files a claim for compensation that results in an injury to them or damage to their property on your premises.

Demonstration cover: allows customers to test drive a vehicle accompanied or unaccompanied.

Can I Get Immediate Road Risk Insurance Cover Online?

Yes! Our insurance partners offer their insurance products online and over the phone. Once they’ve received payment (usually the first premium payment), they will send all insurance documentation via email. You’ll have proof of insurance right away.

Can I Let my Customers Test Drive the Vehicles Before They Buy from Me?

Yes. Demonstration coverage can be added to your road risk policy as an add-on. A named driver may need to accompany the customer during the test drive, though this may vary depending on the insurer you choose.

Can I Change the Level of Cover for my Road Risk Policy During the Insurance Period?

Yes, you can make changes to your policy at any time; however, you must contact your insurance provider directly to make such changes.

Are Vehicles Covered at my Home Address or Business Premises?

If you work from home, this address is defined as your business premises. If you have dedicated business premises, it will be necessary to add extra coverage to protect this address.

Do I Need to Tell my Insurer if I Have a New Vehicle?

Yes, you will need to inform your insurance provider about the new vehicle within 14 days of purchase so it can be added to the MID. However, if you update the MID yourself, then you don’t need to inform your insurer

What is Proof of Trading?

You may be asked to provide proof of trading at any time to confirm you are running a motor trade business. Proof of trading can include the following:

  • Copies of purchase invoices and sales receipts for vehicles bought or sols
  • Auction house invoices and auction house membership
  • Proof of joint bank account for business partnerships
  • Copies of any invoices and receipts for parts or work carried out on customer vehicles
  • Submission of accounts
Comparing Road Risk Motor Trade Insurance

Whether you’re a part-time or full-time motor trader, we can help you compare road risk motor trade insurance policies directly on our site. At MyMoneyComparison.com, we offer quotes from highly esteemed motor traders insurance brokers who offer the right balance between value and price.

What’s more, our insurance providers are insurance brokers in road risk insurance policies. They have the expertise and knowledge you need. They’re ready to help you find the right policy for your business at an affordable price.

All you need to do is fill out our simple online form, hit “Enter,” and within minutes, you’ll have several detailed quotes and policy information to review. It’s that easy! And if you have any questions about the policies, we recommend contacting the insurance providers directly. They are happy to help you put together an insurance package that offers the protection your business needs.

So, why not get your road risk motor trade insurance quote today?

Get a Road Risk Motor Trade Insurance Quote Today

Completely free Takes less than 3 minutes