Motor trade insurance is a particular type of insurance policy that provides coverage for anyone running a motor business – either on a full-time or part-time basis.

This provides coverage for UK companies, with businesses including car dealerships, commercial vehicles as well as motor traders. Specially developed to align with the policyholder’s specific requirements, this policy lets you choose the appropriate protection through expert advice as well as the relevant resources.
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When embarking in the motor trade sector, it’s important to recognise what type of motor trade insurance is needed – as it is all dependent on which area you wish to operate in. The trade of buying and selling cars is usually the most common field, so if this is something you’re considering then you may need Road Risk Insurance.
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How does motor trade insurance policy excess work?

Motor trade insurance covers a wide scope of different areas, including road risk and liability insurance. In the event that you need to make a claim on your own policy your insurers will request a contribution to the claim, which is known as an “Excess” – and is usually a set, agreed amount.
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Your vehicles will be covered for damage or loss if on the road or parked for the duration of a journey/at the home address of either the policyholder or business partner, however, the majority of road risk insurance companies may exclude cover on or within 400 metres/1 kilometre radius or any motor trade premises.

Most insurers will not pay unless in the course of a journey, so it is important to check your insurance policy in full detail just in case. In relation to whether or not coverage can be provided for vehicles maintained at your motor trade business address, this can be done – but there are a variety of factors to consider.
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Does it matter whether I operate on a full or part time basis?

Whether you’re an individual or a business working in the motor trade sector, it is essential that you are protected with a motor trade policy. So long as your occupation is related to the motor industry, then you will be covered by motor trade insurance.
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Cover your motorbike as part of your motor traders insurance

If you own a motorcycle but also hold a motor trade insurance policy, you may be wondering if it’s possible to add this to your existing coverage. The good news is yes: you can.

The only prerequisite you need is to have been in possession of a full bike licence for one year or longer – and if you tick these boxes, then there should be no problem in adding this cover. It’s important to bear in mind though that while some policies may offer cover equal to your existing policy, others may provide Third Party for motorbike coverage. However, if you are required to tax or operate a motorcycle then this is still helpful to have.
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Am I required to have motor insurance by law?

Anyone operating in the motor trade industry must legally hold motor trade insurance. However, depending on which area of the motor trade you work in it is also important to note what type of motor trade policy you wish to take out to ensure relevant coverage.
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To be eligible for a motor trader policy, you must provide proof that you operate within the motor trade industry. So, if you run a business that is related to either cars, vans or motorbikes and involves servicing or even selling vehicles, you would qualify for a motor trader policy.
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As with any type of business, you will have to expect the unexpected – which unfortunately could mean a serious accident or worse. In this guide we’ll talk you through what happens when you want to make a claim, and how the process works.
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What restrictions do I face as a motor trader?

Fortunately a motor trade insurance policy has no upper limit – meaning you can add as many vehicles as you wish to your motor trade insurance policy, as all policies are reviewed regularly along with the applicable terms and conditions.
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