Dave Beard

Expertly compared by Dave Beard

Products Updated June 4, 2018

Business Insurance For Sole Traders

If you are a sole trader and working independently then you are part of a community that is forever growing. If you are a sole trader then you may feel that business insurance is a low priority but we urge you to think again. These insurance products are aimed at and designed for those who are self-employed.

Our insurance experts can compare the market to find you the best deal on business insurance. Get a free quote and advice today:

4 providers expertly compared:

Simply Business

Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

Provider
Business Insurance

Products
Professional Indemnity, Public & Employers Liability Cover

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
UK Small business cover

Rated 4.8/ 5

All credit types

Simply Business is a broker that provides a wide range of business insurance cover. They specialise in small businesses and can advise, compare and arrange the right insurance products to ensure you are not only protected by get the best deal on the market.

4 providers expertly compared:

Hiscox

Provider
Hiscox Business Insurance

Products
Business Insurance

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
Small business and commercial insurance

Rated 4.8/ 5

All credit types

Hiscox commercial business insurance provides a professional level of cover to protect every aspect of your business, from the premises to the people who work for you, and any legal matters that may arise from your day-to-day operations.

4 providers expertly compared:

Available via broker only

Zurich

Provider
Zurich Business Insurance

Products
Business Insurance

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
UK Small business cover

Rated 4.6/ 5

All credit types

The right insurance package will give you the peace of mind to successfully grow your business. Zurich have an extensive suite of insurance products tailored to a wide range of small and SME businesses to ensure you have complete protection from all risks.

4 providers expertly compared:

AXA

Provider
AXA Business Insurance

Products
Business Insurance

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
Small business and commercial insurance

Rated 4.7/ 5

All credit types

AXA business insurance can cover you and your business for every eventuality. Apply online today and save an extra 10% on your quote instantly.

Read our customer and visitor reviews for this product:

Rating: 5 / 5 with 1 votes

Recieved quotes as promised.

by Clear Eye Wear Limited

Happy with the process and quotes. Simple to use and back up with a phone call. No pressure to buy, which was reassuring.

About Business Insurance For Sole Traders

You may feel that your workmanship and services are of the highest standards but if there are any accidents, injuries or allegations made against you having our business insurance in place is worth every penny.

Being self-employed means that your business is your livelihood which makes it even more important to protect it and yourself. Our professional indemnity insurance and public liability insurance will ensure that you are covered for all eventualities. So whether you work in recruitment, painting and decorating or IT we guarantee that our insurance packages will serve you right. If someone makes a claim against your work or if someone becomes injured or experiences damage to their property as a result of your work then the right insurance will cover all costs.

How Does It Work?

Our business insurance policies for sole traders ensure that you and your business are protected. Working alone had a multitude of benefits but it also leaves you at risk because you are essentially working alone. Our business insurance covers both professional indemnity insurance and public liability insurance.

Our professional indemnity insurance for Sole Traders is designed to work for you. Occasionally there can be issues with your work regardless of what you may think. If someone makes a claim against your work or advice that you have provided as a sole trader then you could be hit with a number of costs such as settling or defending a client's claim. You may believe that this will never happen but it can and it does. As a Sole Trader this can have a huge impact on your earnings, your reputation and the future of your business.

As a Sole-Trader, working with the public can leave you at risk. You could leave equipment lying around or use equipment that could fail and cause harm to the public or even damage their property all of which could lead to a claim being made against you. The cost of settling or defending these claims even if they are not successful can be detrimental to the success of your business so having public liability insurance in place will ensure that these costs do not come out of your pocket.

We offer a number of policies specific to your profession. All are designed with th requirements of a Sole-Trader in mind.

The Features

Our business insurance comes with the following features:

  • Protection for any claims made against you regardless of whether they are successful or not
  • Claims are fully assessed before payment is released
  • It is a crucial policy that covers every eventuality for its duration
  • It will form an important day-to-day tool for your business
  • Dealing with claims and costs can damage your business but our business insurance will cover all costs
  • Different types of cover available
  • Court attendance costs are covered
  • Payment options designed to suit your needs

What Are The Benefits?

As a sole-trader you will receive the following benefits:

  • As a sole-trader you will be following all regulations and legal requirements
  • Complete reassurance having our our business insurance in place
  • All costs will be covered including those costs associated with unsuccessful claims
  • Expert advice available when you need it as well as highly-regarded representation
  • As a sole-trader you can continue to work even when a claim is made against you because you know that cover is there for you
  • Putting cover in place shows customers that you care about them in many different ways

Related Links