Sole trader insurance

Secure sole trader insurance quickly and without fuss. We're simply-priced, flexible and upfront.

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Professional indemnity insurance for sole traders UK
Professional indemnity insurance for sole traders UK
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The problem

Sole traders face many risks

Accusations of making a professional mistake

A mistake can lead to loss of earnings, extra costs to put things right or damaged reputation. If a client believes your work is the cause, they may take legal action against you.

Blame for causing a financial loss

A legal action against you could end up in a financial compensation. Without adequate insurance protection, everything you own could be on the line.

Contract disputes

Unmet or poorly defined expectations are a common cause of contract disputes, often resulting in extra unpaid work or an unpaid invoice.

Unpaid invoices

More often than not sole traders have to deal with bad debt. Customers either unduly delay payments or try to wriggle out of paying altogether.

Sole trader insurance UK

You need sole trader business insurance that effectively protects you from accusations of wrongdoing

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Insurance made better

Self-employed insurance done fast, clear and upfront.

Sole trader professional indemnity insurance
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More flexible

Make changes instantly, easily and for free.

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No extra fees

We give you one price, no APR or hidden extras.

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Go retroactive

Include retroactive cover to insure previous work.

Holiday umbrella.
Holiday mode

Pay less when not working by hibernating your PI cover.

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Top insurers

Be confident knowing your cover is backed by trusted UK insurers.

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UK support

Get help when you need it from our Bristol based team.

Covers to consider

How much does sole trader insurance cost?

Choosing the right insurance for you depends on the size and nature of your business. Key insurance covers sole traders should consider include:

Self employed professional indemnity insurance
Professional indemnity

from £7.41 per month

Provides you with legal defence against claims of professional mistake or negligence causing a financial loss to your clients.

Up to £2,000,000 cover

Zero excess

Dedicated legal team

A+ insurer

Competitive prices

Self employed professional indemnity insurance

Professional indemnity

from £8.63 per month

Provides you with legal defence against claims of professional mistake or negligence causing a financial loss to your clients.

Up to £2,000,000 cover

Zero excess

Dedicated legal team

A+ insurer

Competitive prices

Self employed public liability insurance.
Public liability

from +£4.76 per month

Protects your business against claims of causing an accidental injury or property damage to either your clients or a third party.

Up to £2,000,000 cover including products liability

No excess

Expert legal team

A+ specialist insurers

Covers claims against your client caused by your business

Business equipment insurance.
Electronic business equipment

from +£9.24 per month

Pays for repair or replacement if your portable electronic equipment (and accessories) get damaged or lost.

Equipment up to £10,000 cover (£3,500 per item)

Accessories are included (£500 per item)

Hired equipment is covered

Worldwide - your devices are covered anywhere you are

Personal accident insurance.
Business owner protect

from +£10.07 per month

Reimburses your taxable business expenses while you’re recovering from a serious illness or injury.

Up to £2,000 a month

Up to 6 months following the first 30 days of illness

Any tax deductible expenses included

Receive a lump sump payout if you suffer an accident leaving you with partial or total disablement:

£5,000 lump sum

Fast customer service

Quick payout

Answer 4 questions then select the policies and limits you need.
Answer 4 questions then select the policies and limits you need.
What people say
2 March
Extremely impressed

Extremely impressed with the professional and supportive service I received.

Kellie Williams
on Google
16 February
Very efficient

After shopping around for business liability cover, I found suited, I had a few questions and Jana from suited was very efficient...

on Trustpilot
14 February

The website is easy to use and the process is intuitive, clear and easy to follow.

Matt M
on Trustpilot
11 February

I was recommended Suited, because I’d been stalling. Simple to use website, offered clear, concise information and selection...

on Trustpilot
12 December

Really fantastic service by the suited insure team! Always found the insurance side to be a bit confusing but the team took me...

Michael Ryan
on Google
15 September

A simple and flexible service for what I required. Great communication from start to finish.

Matthew Allen
on Google
1 August

I was looking for business insurance this easy to use and very well explained web site made the process simple and painless. Had a quote...

Piers Field
on Trustpilot
Legal Expenses
Included as standard

With every policy subscription we also include Business Legal Protect. This means from the moment you sign up you gain immediate access to extra support services.

Commercial legal expenses insurance.
Business legal protect

Cover of £100,000 commercial legal expenses included with your policy subscription.

Protects you and your business against a range of issues not typically covered by professional indemnity or public liability.

IR35 & HMRC investigations

Legal matters concerning your business

Negative PR (£25,000 cover)

Criminal prosecution

Compliance & regulation issues

Unpaid invoices (over £200)

Also includes free telephone advice & help from qualified professionals.

Tax and commercial legal advice

Counselling for you and your staff

Access to a legal template library

Identity theft assistance

In detail

Why do I need sole trader liability insurance?

Everyone who works for themselves should have some level of insurance protection but sole trader liability insurance is particularly crucial as there is no other safety net against losing everything if a client or third party decides to sue you.

Even if you work for yourself part-time, you should absolutely consider protecting yourself against being sued. Remember as a sole trader you don’t have the protection of an LTD status and if things with your clients get really out of hand, you could be facing a very stressful situation.

Sole trader professional indemnity insurance

This is a specialist cover designed for professionals who lend their skills and expertise to solve problems for their clients.

Sole trader professional indemnity insurance will provide legal defence paid for by the insurers if you find yourself facing a client accusing you of a costly mistake. And if it comes to it and you’re asked to pay compensation, the insurance will cover it.

Do sole traders need professional indemnity insurance?

Your profession could be manual or non manual and in quite a wide range of industries. When deciding whether this cover is for you, it’s important to consider whether what you do could have a negative financial impact on your client.

With some professions, it's easy to determine whether PI cover would be beneficial. If an accountant makes a mistake, it could cost a client a fine by the HMRC. Others are less obvious, such as hairdressers. And yet if as a hairdresser you recommend certain treatments or products to your clients, you are at risk of being blamed if something goes wrong.

Sole trader public liability insurance

This is the cover sole traders will first think of when considering business insurance. However, just like there is a case for buying other insurances, you also need to consider your work circumstances before opting for sole trader public liability insurance.

Public liability insurance is also a legal cover, meaning it will provide you with legal defence and possible compensation payouts to the damaged party. A damaged party could be your client or a third party claiming that you have caused them an injury or property damage.

Do I need public liability insurance as a sole trader?

If during the course of your work you have physical contact with your clients, their property or any other third parties, then you are likely to be a candidate for public liability insurance.

Public liability claims are quite common and legal fees often run into thousands. Don’t leave yourself exposed. It could be the smallest thing that gives rise to a substantial claim against you. Here are some very common scenarios:  

  • A customer trips and falls over equipment that was left out in the open by a sole trader. The customer suffers an injury and makes a claim for compensation.
  • A painter accidentally spills paint on a client's expensive rug, causing damage that requires professional cleaning or replacement.
  • An electrician accidentally damages a customer's electrical appliance while working on their property, resulting in the customer making a claim for the cost of repairing or replacing the appliance.
  • A plumber accidentally damages a client's water pipe while fixing another issue, causing water damage to the property and resulting in a claim for compensation.
  • A landscaper's equipment damages a neighbour's car while working on a project next to the neighbour's property, resulting in a claim for the cost of repairing the damage.

Sole trader employers liability insurance

This is a cover often asked about by sole traders. Just because you are a sole trader doesn’t mean you are not required to have this cover.

Firstly employers’ liability is yet another legal cover which offers legal protection if you’re accused by one of your employees of causing them harm at work. The cover will also payout any compensation if due.

The important thing to note about employers’ liability insurance is that it is, in certain circumstances, required by law and you need to understand whether you fall within the defined categories. You could be facing a fine if you’re not compliant.

Do I need employers liability insurance as a sole trader?

If you always work alone then you’re in the clear and don’t have to worry about this cover. However, anyone employing staff, using volunteers and subcontractors should check the government guidelines.

Tools and business equipment insurance

As a sole trader you rely on the use of your own equipment. This could be anything from a laptop to something more specialised.

Sometimes items get dropped or can be lost. The immediate cost of replacement or repair may not be something you want to be exposed to if an accident happens. Tools and business equipment insurance can be a useful way of reducing the unforeseen costs.

Sole trader income protection

Sole traders, by definition, rely on themselves for income and therefore are a lot more at risk of financial hardship in the event of a serious illness or accident.

Sole trader Income protection insurance can be a welcome safety net during those times. It is often judged as too expensive and a lot of sole traders would rather not pay the premium but with certain modern age illnesses on the increase, this could be a false economy. You don’t always have to buy cover that matches your monthly earnings exactly. You can buy just what you need to help with the most pressing outgoings, should you ever find yourself in that situation.

Personal accident insurance

As the name suggests this is a cover that will provide a quick financial injection when you suffer a serious accident.

It is likely to stop you from working immediately and so can be very useful to have a backup plan of this type. Personal accident cover provides a one off quick payment to bridge over the worst and it is usually very inexpensive cover.

Sole trader life insurance

If you are working for yourself, you are not receiving any employee benefits such as death in service benefit. Therefore protecting your loved ones against the worse is that much more critical.

No one wants to think about the worst but if you are a sole trader with a family, it’s essential to consider what would happen to them.

In fact it can be helpful to talk your situation through a life insurance specialist whether or not you buy. They can take you through all the options and, if you decide to go down that route, help you design the cover to protect your family.

In this section

Common questions

What insurance do sole traders need?

The type of insurance covers that you may need as a sole trader will depend on your profession and risk appetite. Your industry or contracts are the other reasons why you may require certain types of sole trader business insurance.

Do I need business insurance as a sole trader?

You’re likely to need business liability insurance. The exact types will be dictated by what you do for a living.

Do sole traders need employers’ liability insurance?

They may if they employ staff, even part time workforce. Always check your obligations with official sources -

Where can I buy sole trader insurance?

There are many providers who specialise in the self-employment sector. When shopping around, keep an eye out on reviews, terms and conditions and extra charges.

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Call us with any questions or queries. Our Bristol based team is available from Monday to Friday and answers straightaway.

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If your plans change

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14 day promise *

If you call to cancel within the first 2 weeks we’ll give you a full refund.

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No longer need us? Cancel anytime, no more to pay.

* 14 day promise is not available online, please speak to a member of staff. Not available if you have reported a claim.

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