Whether you repair cars, buy or sell cars, you choose the indemnity level you need for your cover. We offer varying levels of indemnity that you can decide from regardless of whether you want a cover less than £50,000 or £5,000.
Why choose I4MT?
As a trading style of One Sure Insurance - one of the fastest growing motor trade insurance brokers in the UK, we know the industry better than anyone else. We can bring you:
Anyone can become a car trader. Whether you prefer buying at auctions, scouring second-hand listings, or work in a number of motor trade professions.
As a car trader, you can be a part-time mechanic, a full-time trader or a full-fledged company dealing exclusively in importing and exporting exotic vehicles. Every business has its own set of unique complications and risks that insurance can cover.
Regardless of the kind of trader you are, you still need a car trader policy to conduct business. That’s where we come in. Our insurers’ car traders insurance policies are designed for all kinds of traders, from part-time home traders to those dealing from garages and showrooms.
If you are a motor trader, call us first for cover.
Naturally, we understand every single motor trade business. We provide advice based on your individual needs. Our team will assess your requirements and present options that suit your motor trade activities. Whether you’re just starting out or are a veteran trader in the industry, we can find the right policy for you. And when you decide to branch out, we can advise you on the additional cover required to engage in any other motor trade business.
We deal only with the country’s top underwriters and insurance companies specialising in motor trade insurance. Because of our deal with multiple providers, we are confident of meeting your needs at the most competitive possible prices
We find customisable policies for insurance that truly suits your work.
From adding additional covers to increased indemnity levels, at Insurance4MotorTrade we work hard to provide you sufficient post-purchase services.
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Choose Your Indemnity
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Choice Of Add-ons
You choose the kind of protection you need. Third Party is the cheapest, but a comprehensive cover policy is wider with more cover thus protecting you from a lot more things, but without costing too much.
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Demonstration Cover
If showcasing your vehicles is important to your business, you may need a demonstration clause. Without this cover, you cannot let your customers test drive on public roads. We can add secure demonstration cover on any of our policies.
What Is Road Risk Insurance?
Road Risk Insurance is the basic form of motor trade insurance. It’s the minimum cover required by law for motor traders to drive their stock or customers’ vehicles for work.
This policy only covers customers’ vehicles in your custody and care and cars you sell registered on the Motor Insurance Database (MID). It does not include vehicles that you personally own and operate as part of your daily life, vehicles necessary to run your motor trade business, or liability cover for your business.
The type of cover you need as a motor trade professional depends on where you do business, the number of employees you have, the kind of vehicles you deal with and the type of work you do. With us, you can take a more comprehensive customised policy that includes road risk insurance and additional elements tailored to your exact nature of business.
What Does Road Risk Only Insurance Cover?
As an insurance broker, we regularly assess the policies we can offer to ensure they offer fair value, considering your needs and the cover provided.
You can choose from three types of cover:
Third Party Only —This is the baseline legal requirement. It only covers damages to a third party, including property and personal damages. For instance, any property or individual damaged other than you and the vehicle you drive is covered in an accident.
Third Party, Theft and Fire – The same as above with protection from theft or fire.
Comprehensive – Our most popular Combined Motor Trade Insurance. As the name suggests, it includes all the benefits necessary for any motor trade business including those mentioned in the above two covers, plus more depending on what you opt for. Any customer vehicle in your care is covered if there is an accident or incident. Additionally, you can claim for personal injury in such an event if you happen to be hurt.
Who Needs Road Risk Insurance?
If you buy or sell cars, repair them, run a valeting service, or are associated with the motor trade industry, you need a road risk policy by law.
You cannot conduct your business without this cover, even operating from home. As a motor trade insurance broker, we always recommend that traders consider more enhanced cover than third-party road risk cover.
For part-time traders working from home, we suggest you opt for a road risk policy such as third-party, fire and theft, or comprehensive cover.
However, we suggest opting for a more customised Combined Premises policy for traders with garages, auto shops, or dealerships to safeguard other aspects of your business.
We Are Britains Cheapest Motor Trade Insurer Guaranteed*
We are so confident of our pricing that we challenge you to beat our guarantee!
Frequently Asked Questions
Discover the answers to the most-asked questions on motor trade insurance.
If you have a few years of experience and an accumulated no-claims bonus, we may be able to give you a decent discount on your policy.
However, it depends entirely on the total year’s bonus you have, whether you’ve made a claim, protected your discount and your driving history.
Road risk insurance costs vary. The cost of your premium can depend on your experience, location, vehicle type, and level of cover needed.
Traders with limited experience or high-value vehicles may pay more than experienced traders. Shopping around and comparing quotes is the best way to find a deal that suits your needs and budget.
To find the best value motor trade policy for your business, click ‘Get a Quote’ now.