Sole Trader Insurance

What is Sole Trader Insurance?

Sole trader Insurance is a fairly broad term & can be further defined in many ways. It will mean various different things to different types of trader. It will place more importance on certain key areas of risk depending on the industry/trade you are in – whether it be retail or the trades for example, the risks can be prioritised depending on what it is you actually do for a living. Considering this is what you do ‘for a living’, you should have some serious thought as to what you think are your biggest risks & threats to your livelihood.

We will discuss some of the most important covers that every sole trader should consider, regardless of what industry they trade within these are the ones you should definitely pay attention to!

Public Liability

Public Liability is a very important & key cover required when taking out a Sole Trader Insurance policy. It makes sure the sole trader has cover if there is damage to thirty party property or injury to a member of the public. This particular cover will be high on the list of priorities for a tradesman that requires electrician insurance for example.

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Sole Trader Insurance

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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.

Cyber Insurance

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.

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Why choose the Property Insurance Centre

Independent advice by approachable staff online or by phone

Access to a wide range of insurers to source suitable insurance cover for your needs

Bespoke Insurance Schemes & Portfolio Policies available

We can tailor your policy to suit your exact needs to give you complete peace of mind

Competitive Premiums

Cover available for the buildings while the property is being converted, renovated or extended

Over 40 years experience working with the best insurers in the UK

Excellent communication so that you understand what risks you are insured against

Why choose the Property Insurance Centre

Independent broker with staff you can speak to by phone or online

Access to a wide range of insurers to source suitable insurance cover for your needs

Bespoke Insurance Schemes & Portfolio Policies available

We can tailor your policy to suit your exact needs to give you complete peace of mind

Competitive Premiums

Cover available for the buildings while the property is being converted, renovated or extended

Over 40 years experience working with the best insurers in the UK

Excellent communication so that you understand what risks you are insured against

Why choose the Property Insurance Centre

Independent broker with staff you can speak to by phone or online

Access to a wide range of insurers to source suitable insurance cover for your needs

Bespoke Insurance Schemes & Portfolio Policies available

We can tailor your policy to suit your exact needs to give you complete peace of mind

Competitive Premiums

Cover available for the buildings while the property is being converted, renovated or extended

Over 40 years experience working with the best insurers in the UK

Excellent communication so that you understand what risks you are insured against

Specialists in Commercial & Residential Insurance

We have over 40 years experience as Residential and Commercial Insurance Brokers. We find the right policy to suit your needs and understand the risks that a property owner can face in the course of ownership. We work closely with our Insurers to get the best rates and our experience and excellent relationships with them mean that we can provide cover for even the most difficult to place risks.

Whether you have an adverse claims history, a high value property or a large portfolio of properties, we can source suitable cover for you. Whatever your requirements, we can tailor a specialist property insurance policy to suit your exact needs and provide you with a range of quotes to choose from. Established in 1976, we are not a call centre but a specialist insurance broker with a traditional office mentality, where the client comes first.

Looking for a quote now? Give us a call on 0800 085 3761 or complete one of our quote request forms.

We are also authorised and regulated by the Financial Conduct Authority and you can view our registration here.

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Call Us on 0800 085 3761