Sole Trader Professional Indemnity Insurance | Sole Traders Insurance Cover (2024)

Tradesman Saver’s Sole Trader Insurance Cover?

Our standard cover is:

• £1 million cover for public and products liability (with an option to increase to £2 million or £5 million)
• £10,000 cover for any financial loss (£50K cover optional)
• Worldwide liability cover for temporary work abroad for up to 14 days (excluding the USA and Canada)

Sole trader insurance helps keep your head above water financially if you’re impacted by unfortunate incidents like injury or theft. The sole trader insurance package from Tradesman Saver provides you with comprehensive cover, including public liability insurance, products liability insurance and employer’s liability insurance. This means you can do what you do best without worrying about the financial consequences of any accidents.

Why do you need sole trader insurance?

Although being a sole trader offers benefits like being your own boss and complete ownership of profits, you still have to think about the potential for things to go pear-shaped.

With a sole trader insurance policy from Tradesman Saver, you’ll have a safety net should anything go awry. What’s more, you’ll be a lot more attractive to prospective clients, as this helps to prove that you’re trustworthy.

Here at Tradesman Saver, we offer affordable sole trader insurance to ensure that everyone can get the cover they need. To create a tailor-made policy today, simply fill out our online form.

Get a Quote Learn about Contractor Insurance

• Public Liability
• Financial Loss
• Products Liability
• Legal Expenses
• Accidental Death

• Employers Liability
• Tools / Equipment
• Contractors All Risks
• Business Contents
• Professional Indemnity
• Personal Accident
• Short Term Income Protection

1 Apply Online

Complete our simple quote form with basic details about your business

2 Get a quote

Get an instant quote & choose any optional covers you may need

3 You’re insured!

Instantly activate your Tradesman Saver policy and view your certificates online

Get a quote

When looking for a sole trader insurance policy, you’ll come across various terms. But perhaps the most common is ‘public liability cover’, and for good reason. Forming the basis of most insurance policies, it protects you if you’re pursued for causing injury or property damage to third parties. Among the scenarios it will protect you in include:

• Scratching the paint off a client’s car after accidentally catching it with a piece of wood.
• Injuring a member of the public after they trip over your toolbox.
• Ruining a customer’s carpet after spilling coffee on it.

Why do you need sole trader public liability insurance?

Public liability insurance is vital for two main reasons. The first is that it protects your business against expensive compensation claims and legal expenses because of injury or property damage caused while working. Having this cover could be the difference between your company folding or not.

The second reason is that public liability insurance helps you to attract customers. People will be much more willing to work with those with a comprehensive insurance policy, as it shows that the tradesman in question takes their safety seriously and is therefore more trustworthy.

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How much does sole trader insurance cost?

How much your sole trader insurance costs is impacted by aspects such as how big your contracts are, your experience and your claims history. The type of cover you opt for can also help determine the price.

Here at Tradesman Saver, our policy for sole traders includes a few extra covers as standard, including legal expenses, financial loss and accidental death insurance. Consequently, you’ll get some of the most comprehensive cover on the market.

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£53.76 / year A bricklayer working as a sole trader on domestic and small commercial properties not exceeding 10 metres in height

• Bricklayer
• Sole trader
• No employees
• 5 years experience
• Based in Newcastle
• No claims

Automatic Covers

• Public Liability £1,000,000
• Financial Loss £10,000
• Products Liability £1,000,000
• Legal Expenses £250,000
• Accidental Death £10,000

Optional Covers

• Business Contents Not Insured
• Personal Accident Not Insured
• Employers Liability Not Insured
• Tools / Equipment Not Insured
• Contract Works Not Insured
• Professional Indemnity Not Insured

£51.10 / month £575.68 / year A plumber working as a sole trader on domestic and small commercial properties

• Plumber
• Sole Trader
• No employees
• 1 years experience
• Based in Surrey
• No claims

Automatic Covers

• Public Liability £2,000,000
• Financial Loss £10,000
• Products Liability £2,000,000
• Legal Expenses £250,000
• Accidental Death £10,000

Optional Covers

• Business Contents Not Insured
• Personal Accident Not Insured
• Employers Liability Not Insured
• Tools / Equipment £2,000
• Contract Works Not Insured
• Professional Indemnity Not Insured

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