If you work in the Motor Trade Industry then it is probable that at some stage you will have customer vehicles in your care while at work.

A Road Risks policy is specifically designed for motor trade professionals to ensure that you are fully covered when driving customers vehicles as well as your own.

What does a Road Risk Insurance policy cover?

With over a third of traffic accidents involving a professional driver at work, a Road Risk Policy is designed to protect you and your drivers should an accident happen when on the job.

A typical Road Risk policy will include:

• Named drivers only
  Allowing named drivers under your employment to drive any vehicle you own as part of your business.
• Vehicles owned by you
  All registered vehicles owned by you will be covered.
• Customer’s vehicles
  Will be insured by your employees to drive when in your care.
• Trade vehicles
  If you buy or sell cars then a Road Risk policy will include any cars you have as stock.

What cover can be provided?

There are a number of different cover options available for your Motor Trade Road Risk Policy:

• Level of cover
  Third Party only, Third Party Fire & Theft or Fully Comprehensive.
• Accompanied demonstration use
  If you are involved in the trade of vehicles then you may wish for your prospective clients to test drive them. This will require cover accompanied demonstration cover being selected.
• Vehicles in Transit
  If you are involved in moving vehicles, even on a trailer then you can arrange cover for this should you accidentally damage a client’s vehicle whilst moving it.
• Vehicles at business premises
  If you have a stock of vehicles to sell or clients vehicles awaiting repair then you will need cover should they be stolen or damaged. If you trade from home then this cover is usually compulsory.

What else do I need to consider?

There are many considerations when taking out a Road Risk Policy that can affect your premiums and what levels of cover you need.

It is essential that you answer these questions honestly and stick to the rules set out by the policy that you choose.

For example, a policy will only cover you for driving your own vehicles or ones left in your custody. If you have an accident whilst driving a friend’s car, you will not be covered and can be asked to supply evidence that the vehicle was left in your care in a work capacity.

• Who needs to drive?
  Only drivers named on the policy are covered. The only exception is for demonstration purposes if you are selling a car.
• Who owns the vehicle?
  The policy only covers those owned by you, and in your care. You may be asked for proof of this if you need to make a claim.
• What value vehicles will I handle?
  If you select cover for fire and theft and/or accidental damage you will need to set an indemnity level that provides cover up to a maximum value for any vehicle that you might hold in your custody of control for the purposes of motor trade. Indemnity Levels options begin with incremental increases of £2,500 and progress by 5 and 10k the higher you wish to set your indemnity level.
• What is a vehicle to be used for?
  You can only use customers’ vehicles for work reasons, i.e. moving them from garage to compound or delivering them to their owners.
• What type of vehicles do you work with?
  You must specify the type of vehicles you work with so that your policy can be arranged to include cover.

Typically, if you work with cars, motorcycles and light commercial vehicles, then a standard policy will suffice.

If you work with more complex vehicles like kit cars, Q plates, larger commercial vehicles over 3.5 tons and agricultural vehicles then higher levels of cover may be needed.

If you have further questions about your Road Risk Only Insurance Policy then call our specialist team on 0333 003 0049 now for more information or request a call back here and someone will return your call as soon as possible.