Why Road Risk Only Insurance from Tradesure?
- We’ll compare a range of specialist partners to find you the right cover
- Benefit from a prompt, personal service with quick, competitive quotes
- Get a £25 reward for every new customer you refer to us
WHAT IS ROAD RISK INSURANCE?
Motor trade road risk insurance is designed to cover your business if any damage or injury is caused by a vehicle that’s in your care for work purposes.
You’ll need road risk trade insurance to run your business if you’re a full-time or part-time motor trader, or work in any area of the motor trade dealing with vehicles. Road risk cover is the minimum, legally required form of motor trade insurance.
WHAT DOES ROAD RISK INSURANCE COVER?
A motor trade road risk policy covers you to drive your own and other vehicles as part of your business. What this type of insurance can pay out for will depend on the level of cover you choose.
THIRD PARTY
ONLY
Third party is the most basic road risk insurance you can opt for. It covers damage to other people and their property in the event of an accident. So, if you damage another vehicle, your insurance will pay out to fix the vehicle you hit. Third party cover doesn’t insure you for damage, fire and theft of your own vehicles.
THIRD PARTY FIRE AND
THEFT (TPFT)
This level of road risk insurance offers third party cover as well as insuring you for fire damage to, and theft of, your vehicles.
COMPREHENSIVE
COVER
This covers you for third party, fire and theft, plus your own vehicles will be insured against damage. If you are involved in an accident that’s your fault and you are injured, you can also claim for this on a comprehensive policy.
If you have premises that you trade from, you may be better off with combined motor trade insurance, which gives you road risk cover as well as insuring your premises and equipment.
Bear in mind that if you’re driving vehicles you’re buying and selling, you’ll also need trade plates to comply with UK law.
Get A Quote
Are you ready to request a road risk trade insurance quote online, or explore other cover options? Just submit your details and we’ll get back to you shortly.
FREQUENTLY ASKED QUESTIONS
1. Do I need a motor trade insurance policy?
If you are trading vehicles, buying and selling them on a part-time or full-time basis then you will need a motor trade insurance policy. If you are repairing or servicing other people’s vehicles, where you have a customer’s vehicle in your care, custody or control, you will need a motor trade insurance policy too.
2. Will you update the MID on my behalf, and will it cost me anything?
We can update the MID (Motor Insurance Database) for you, and it will cost you nothing. You will only be able to contact us during office hours, which are Monday to Friday, 8:30am to 5:30pm. For more information about the MID, check out our ‘MID’ FAQs here.
3. Can I get immediate cover over the phone?
Yes – we can provide immediate cover over the phone once payment has been set up (or paid in full if you prefer).
4. Are the vehicles covered at my home or business premises?
If you work from home, that address is defined as your business premises for cover. A dedicated business premises will require an extra premium for cover.
RECOMMEND A FRIEND
You could get £25 for each friend you recommend to us. Every time you put forward someone who buys motor trade road risk insurance or any other policy from us, we’ll pay you £25. There’s no limit to the number of people you can send our way, so there’s no cap on the rewards you can earn.
NEWS AND ARTICLES
For more useful information, check out our blog. It’s got articles on a wide range of topics, including who can apply for a road risk insurance policy, top second-hand cars, and smart trade insurance extras you might want to consider.
