Sole trader insurance

Protection for sole traders

Here at Simply Business we specialise in business insurance for small businesses. We cover sole traders across the country.

You can build a business insurance policy with the cover you need, including public liability insurance, professional indemnity cover and buildings insurance. If you employ anyone, you can add employers’ liability insurance to your policy. Find sole trader insurance quotes using our quick online quote form and buy online in minutes.

Cover from £6.79 a month, get insured in minutes. (10% of direct debit customers repay their annual policy in 10 monthly payments of £6.79 or less across all our trades insured. Based on data from 1 July - 31 December 2020, for comparison only. Cancellation charges may apply, please refer to our full terms & conditions.)

What is sole trader insurance?

Sole trader insurance provides tailored protection to those who run their business as exclusive owners. Core covers include public liability and professional indemnity, whilst employers’ liability is a legal requirement if you have one employee or more.

Do you work from home?

Watch Simply Business chief operating officer Chris Slater explain what type of insurance you need if you operate your business from home.

Watch more Simply Business videos

What insurance do I need as a sole trader?

The insurance you need will depend on the type of business you run and the risks you face, but here are some of the key covers:

• Public liability insurance can cover compensation claims if someone is injured or their property is damaged and your business is held responsible. You can choose between £1 million and £10 million of cover. Check your client contracts as they may specify a minimum level of cover
• Professional indemnity insurance is important for sole traders who provide advice or offer a professional service, as it can pay compensation claims made by a client because they’ve been given advice that means they lose money
• Most businesses that have employees (even if these are contractors or temporary staff) are required by law to have an employers’ liability insurance policy. This can pay compensation claims made by employees who have been injured or have fallen ill as a result of working for you

Why Simply Business?

• We're one of the UK's biggest business insurance providers
• All settled claims paid within 24 hours
• 9/10 Feefo ratings say we’re good (or excellent)
• 800,000 customers (and counting)
• Claims handled by an award-winning team
• We run things from an expert, UK-based contact centre

Need more details? Hear more about your business cover options from our expert team in a quick set of videos. Just choose the cover you’re interested in and get some expert insight into how each option can help your business. You can also check out our business insurance FAQs.