Professional Indemnity Insurance
This will ensure you are protected against any legal action or claims for compensation you might face. This will be high on the lists of many of the professions, such as Estate Agent Insurance. Estate Agents handle sensitive data belonging to their clients or may give professional advise or provide a professional service – this mean you will need adequate PI Insurance in case the unexpected happens. Defending a legal claim against a sole trader whether they are at fault or not can be expensive and a good PI policy will provide this for a sole trader. It will also provide cover in the event a Professional Error has been made.
Sole traders for many different trades and industries rely heavily on their computers for storage of various bits of data, and much of this data can be argued as sensitive. Where there is online data storage there will online Cyber Crime. It is no different to 30 years ago when there were paper files with sensitive data, there was also physical crime! The world has changed and a good Cyber Insurance Policy is like having a good alarm and CCTV 30 years ago – it can help get your data back or at least compensate you if you are unlucky enough to fall foul of this latest scourge!
Personal Accident Insurance
Not everyone thinks about what they would do if they were unable to work following on from accident serious enough to put them and their business in harm’s way! Personal Accident Insurance protects you form the unexpected and can be added to many different types of sole trader policy. If you are laid up in a hospital bed for a lengthy period, then this can cover you for including wages and even support staff until you are back on your feet. This can be added to a typical tradesman policy or even a shop insurance policy.
Top Tip – It is worth noting that if you work from home your existing home insurance policy may not cover you for public liability for any customers who visit your home as well as additional covers for any equipment you may have in your home.
With over 40 years experience and with access to a large database of insurance underwriters our new business team will take care of all the searching for you. We guarantee to find you the best cover and rates available in the UK irrespective of the trade or profession you are in.
With a dedicated account handler to deal with any questions or problems you may have speak to us today on 0800 085 3761.
What Can we offer?
Since 1976 Property Insurance Centre have provided independent and specialise in offering insurance cover for sole traders all over the UK mainland and Northern Ireland.
We offer a wide range of insurance covers from public and employee liability cover up to £10 Million if required as well as professional indemnity and buildings and contents cover even if you work from home.
If you need some information on Sole traders or if you are thinking of starting your own business and trade on your own, then please see the Government Website for Sole traders that will keep you on track & help you stay within their guidelines.