Sole trader
insurance
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Insure your business for liability with zero hassle
Sole trader insurance is a public liability policy designed to protect individuals who run their own businesses against claims made by members of the public who may suffer injury or property damage due to their activities. This type of cover provides peace of mind for sole traders, ensuring they are protected from potential financial setbacks.
In partnership with some of the leading UK insurers, we’ll not only get you a better sole trader insurance deal with the best cover available, we work hard to keep you as a customer year after year.
Whatever you do for business, whether you’re a sole trader or limited business owner, we understand that you need to protect your livelihood.
24/7 claims service
We’re here for you round the clock when you need us most.
Fairer prices for all
We compare the market to find the right deal for you as a sole trader.
World-class support
Our UK-based expert team are here to provide you with dedicated support.
We use a combination of technology and a wealth of experience to give you unrivalled cover and more affordable public liability insurance prices. Get a sole trader liability insurance quote today.
With over 50 years of experience providing top-quality insurance for public liability, you can be sure we’ve got you covered.
What is sole trader insurance?
It covers various scenarios where you, as a sole trader, might be held legally responsible for causing harm or damage.
Some key areas typically included are injury to third parties, damage to third-party property, legal expenses, and compensation claims.
Public liability insurance is crucial to sole traders for several reasons:
- Business reputation: Having insurance demonstrates professionalism and responsibility, which helps you gain clients’ trust and establish credibility in your industry.
- Financial protection: Accidents can happen at any time. If a client or member of the public is injured, or their property is damaged due to your work, public liability insurance ensures you’re protected from the financial fallout.
- Legal compliance: While it’s not legally required in the UK, many clients or industries may expect sole traders to have public liability insurance before agreeing to work with them.
The benefits of a sole trader insurance policy
Personal injury claims
Covers you if a member of the public is injured due to your business activities, whether it happens on your premises or while you’re working on a client’s property.
Damage to property
Protects you if your work accidentally damages a client’s property, such as their home or belongings, covering the repair or replacement costs.
Legal protection
Covers the legal fees if you need to defend yourself against a liability claim, even if the claim is unfounded.
* Subject to your chosen level of policy cover and the prevailing policy excess.
How much does sole trader insurance cost?
This depends on the nature and size of your business, the level of risk involved and any claims history you might have.
The cost of public liability insurance varies based on several factors:
Type of cover
The amount of cover directly impacts the cost. Policies often start at £1 million, but you can choose higher levels, such as £5 million or £10 million, depending on your needs.
Industry type
Certain industries, especially those with higher risks, like construction or manual trades, tend to have higher premiums compared to lower-risk fields.
Location
Your business location and the areas you work can influence premiums. Operating in areas with higher claims or crime rates may result in increased costs.
Business size and turnover
As a sole trader, your turnover will affect your premium. A higher turnover can increase costs as it reflects the scale of your operations.
Number of employees
If you employ additional workers, even on a part-time basis, your premiums may increase due to the added risk of more people.
Claims history
A history of claims could raise your premiums, as insurers may view you as a higher risk. However, maintaining a clean history can reduce costs.
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