Sole Traders Insurance

Sole trader insurance provides tailored cover to individuals who run their businesses as exclusive owners. Accidents could happen on the job at any time, and you may damage a client’s property, inadvertently injure somebody, or even cause financial loss due to advice you’ve given as a consultant. This is where our sole trader insurance package comes in, ensuring you and your business are protected if somebody takes legal action against you.

Why do you need sole trader insurance?

Running a business all by yourself is no mean feat. Aside from all the labour, you also have to contend with keeping detailed financial records, ordering in supplies, and all the other administrative mayhem that comes with being a sole trader. You don’t want the aftermath of an accident to be added to the mix. If a client or member of the public claims they’ve been physically injured or suffered financial loss due to your work, they may demand compensation and you could be forced to foot a hefty bill. And as a solo enterprise, it’s on you and you alone to pay the price. With Tradesman Saver’s insurance package, there’s no need to worry because you’ll be covered in all worst-case scenarios. Get a free quote on sole trader insurance from us today.

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While there are many insurance options for sole traders, public liability is arguably one of the most important. This covers you if you injure a client or member of the public, or damage somebody’s property while working. For instance, you could face legal action if somebody trips over your building materials while they’re out on a public pathway, or you damage a parked car while transporting materials onto a worksite. These claims could be very costly, but public liability cover ensures you’re not burdened with these expenses. We offer this as part of our sole trader insurance package, which also covers you for financial loss, legal expenses, and more. 

Some sole proprietorships are a team of one. But if you have taken somebody else on, you are obliged by law to have employers liability. This will protect you and your business against claims from employees should they be injured, fall ill, or suffer damage or loss on the job. Another crucial cover for sole traders is personal accident insurance, which provides financial support should you become injured and cannot work as a result. As you’re solely responsible for your business, this ensures that it remains safe while you are unable to oversee day-to-day affairs. You should also think about getting professional indemnity insurance if you’re in the service industry, or dispense advice in a consultancy role. This will cover you should any clients suffer financial loss as a result of your work, such as incorrect advice about investments. Here at Tradesman Saver, our expert team can help you choose the cover you need as a sole trader. Get in touch today to create a tailor-made insurance package.

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