The crash took place at 8.21am at the roundabout where the A605 meets the A427 Station Road and Nene Way.
A detour is in operation via Oundle but there are long queues back to the B662 near Wigsthorpe.
Police tweeted to say that the motorcyclist had been “lucky.”
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The Air Ambulance has taken one patient to Coventry and Walsgrave.
Motorists are advised to avoid if possible.