Part-time traders insurance
Insure your part-time traders business with zero hassle
In partnership with some of the leading UK insurers, we’ll not only get you a better part-time traders insurance deal with the best cover available, we will work hard to keep you as a customer year after year.
We use a combination of technology and a wealth of experience to give you unrivalled cover and more affordable motor trade insurance prices.
With over 50 years of experience providing top-quality insurance for the motor trade, you can be sure we’ve got you covered.
24/7 claims service
We’re here for you round the clock
when you need us most.
Fairer prices for all
We only provide cover for good
drivers, so you’ll get a better deal.
Carbon offsetting
We’ll plant trees to clean up after
your motor trade work. Seriously!
What is part-time traders insurance?
As a part-time motor trader, you may buy, sell, or repair vehicles while balancing other commitments. This makes it essential to have flexible, affordable insurance that protects your activities.
Part-time traders insurance is a motor trade policy that is a specialised cover designed to meet the needs of part-time motor trade businesses, offering essential protection without paying for unnecessary extras.
Motor trade insurance is not just a legal requirement for many businesses but also a crucial risk management tool. Without proper insurance, a business could face significant financial losses from accidents, theft, or damages. Here are some key reasons why cover insurance is vital:
- Legal compliance: Ensures you meet legal obligations for activities like test-driving or delivering vehicles, avoiding penalties.
- Financial protection: Protects against theft, damage, or accidents involving vehicles or stock, keeping your business secure.
- Peace of mind: Lets you trade confidently without concern over potential claims or financial risks.
Types of cover
Road risks insurance
Road risk insurance is a fundamental component of motor trade cover, including part-time traders. It allows traders to legally drive vehicles on public roads for purposes such as test drives, deliveries, or customer collections. There are three levels of road risks cover:
- Third-party only (TPO): Covers damage to other people’s property or injury to others. It’s the minimum legal requirement.
- Third-party, fire and theft (TPFT): Includes TPO cover and adds protection against fire damage and theft of vehicles.
- Comprehensive: Offers the highest level of protection, covering third-party risks, fire, theft, and damage to the trader’s vehicles.
Combined insurance
Combined motor trade insurance provides broader cover, encompassing road risks and additional protections such as:
- Business interruption: Protect income from insured events disrupting operations.
- Premises insurance: Protects business premises against risks like fire, theft, and damage.
- Material damage: Cover for vehicles or tools in your possession.
- Employer’s liability: Mandatory for businesses with employees, covering workplace injuries or illnesses.
- Public liability: Safeguards against claims for injury or property damage.
- Tools and equipment: Protection for the tools and machinery essential to your operations.
- Extra drivers: Include individuals who assist with trading activities.
How much does part-time traders insurance cost?
Typically, part-time traders insurance premiums can vary, influenced by the cover level and specific details of your business.
Key factors affecting how much motor trade insurance costs:
Type of cover
Is the level of cover selected third-party only (TPO), third-party, fire and theft (TPFT) or comprehensive.
Nature of business
The volume and type of vehicles you trade, along with any additional services like repairs, can impact your premium.
Location and security
Secure storage facilities or lockups for unsold vehicles can lower premiums, while open storage may increase risks.
Vehicles covered
Costs will depend on whether you trade standard cars, vintage models, or high-value vehicles.
Driver details
Age, driving history, and claims records for named drivers on the policy are key factors in determining costs.
Policy customisation
Tailoring policies with additional cover, such as for tools or liability, ensures better protection but may increase costs.
Get a quote or advice
Please call us on 0345 222 6318 to get more information or to discuss your motor trade requirements. Alternatively, start the quote process and complete a quote form in a matter of minutes by clicking the button below.