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Sole Trader Insurance
Compare insurance for sole traders
Protect your work, clients and tools
Compare quotes from trusted insurers
Bionic is the comparison site for your small business
We compare a vetted panel of trusted business suppliers
Bionic specialises in business insurance for sole traders across industries
Get cover to protect against claims from employees, customers & more
Get the protection you need with no needless extras
What is...
sole trader insurance?
As a sole trader, your business is all about you — including your skills, expertise and hard work. Sole trader insurance is here to help protect you and your business from the unexpected. Whether it’s a client dispute, damaged equipment, or an injury that stops you from working, the right cover can help keep your business moving when it needs it most.
Whether you’re a tradesperson, consultant or a creative, we’ll compare quotes from trusted insurers to find cover tailored to your needs.
Why do sole traders need insurance?
When you’re running a one-person business, even a small setback can have a big impact. The right insurance can help in situations like:
- A customer claims your services or products caused them financial loss
- A customer slips and falls in your workspace
- Your essential business equipment is stolen or damaged
- A fire or disaster damages your home office or workspace
With the right cover, you can focus on running your business with confidence, knowing you’re protected from the unexpected.
What does sole trader insurance cover?
Policies will vary per provider, and terms and conditions apply, so always check the small print in your policy wording to see what’s included and excluded. Your insurance cover could include:
Public liability insurance
In case you injure someone or damage something while providing your services
Professional indemnity insurance
In case a customer sues you for damages because of a mistake in your work.
Business interruption insurance
To provide compensation if a listed event stops your business from running normally.
Stock and contents insurance
In case your stock or equipment is stolen or damaged by flood or fire.
What types of sole traders can we cover?
We understand the unique needs of your business setup. We can help sole traders in many different areas, including:
- Freelancers working in creative or professional fields
- Tradespeople like electricians, plumbers, and builders
- Consultants offering expert advice and services
- Small retail businesses and market traders
- Sole traders who work from home or on the go
Can't see yourself on the list? It’s likely we can still help. Start a quote online to find your profession from the list.
What doesn’t it cover?
While sole trader insurance provides a wide range of cover, there are some exclusions, including:
- Intentional damage – Damage caused on purpose isn’t covered.
- Neglect – Failing to secure your workspace or maintain equipment may void your policy.
Double-check your policy details or speak to our team if you have any questions about what’s covered and what isn’t.
How much does sole trader insurance cover cost?
Your business is unique, and prices depend on a number of factors, including:
- Extent of cover — The more cover you opt for, the more expensive your package will likely be.
- Your insurer — Depending on who is willing to insure you, the price for their policies will vary.
- Location — The location of your business is taken into consideration when calculating the cost of your premiums.
- Claims history — If you’ve made a previous claim on your policy or had claims made against you, it may affect your future premiums
Do you need insurance if you work from home?
Even if you work from home, you’re still responsible for protecting your business, Public liability insurance can help cover claims if someone is injured as a result of your services, while equipment insurance can help protect your expensive equipment from damage, floods, fire or theft due to break-ins.
Your home insurance policy will not cover you for business activities you carry out in your home. Always inform your home insurer if you work from home.
Is a sole trader different from a freelancer?
Sole traders, freelancers, and the self-employed all run their own businesses, but the key difference lies in how they’re classified.
- Sole traders own and run their businesses as single individuals and are personally responsible for any debts.
- Freelancers often work project-to-project and may be considered sole traders or operate under a limited company.
- Self-employed people work for themselves but can include both sole traders and company directors.
Get sole trader insurance sorted with Bionic
Being a sole trader means running the show, and the right insurance can help to give you peace of mind as you grow your business. At Bionic, we compare insurance quotes from trusted insurers to find tailored cover that fits.
Get a quote online today, or chat with our UK-based team for friendly support.
“Accountancy insurance could shield your professional reputation from financial and legal damages. "
Insurance Director, James Barwell
How Bionic business Insurance comparison works
Compare business insurance quotes in three simple steps
1
Start your quote online
Speed up the process by submitting basic business details online – whenever you have time.
2
Speak to our UK-based team
Schedule a call with one of our insurance brokers to discuss the details to ensure they’re correct.
3
Compare tailored quotes
Get your quotes from our panel of trusted insurers and talk any questions through with our team.
What do I need to get started?
You only need a few details to get started with getting a quote online, so it’s best to have the following information ready to go:
Your business name and trade
Your policy start date
Your name and contact details to receive your quote options
You may be asked additional questions about business activities
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