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Sole Trader Insurance Quotes

Business insurance and public liability for sole traders made easy. Compare costs, insurers and get suitable
quotes for your requirements from our friendly team of brokers- wherever you are in Australia.*

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What is Sole trader insurance?*

Sole trader insurance can provide cover for claims against :

  • Negligence on the job that’s causes harm to others
  • Injury that prevents you from working from an extended period
  • Damage to others property

What is sole trader personal injury insurance?*

Sole Trader Personal Injury Insurance is cover that can provide a weekly benefit when you have an accident or are injured and can’t work for extended period.

This cover can provide upto 85%* of your weekly income for 52 or 104 weeks at the time of the injury.

Do i need public liability insurance as a sole trader?*

In Australia, all sole traders need public liability insurance.

As a sole trader you need public liability insurance as it can protect you and your business against the financial risk of being liable for negligence.

If an accident happens as a result of your sole trader business activity you are responsible. Public liability insurance is needed to help cover damages and legal fees.


What insurance do i need as a sole trader?*

List of insurance covers needed as a sole trader:

  1. All sole traders typically will need at least need Public Liability Insurance.
  2. All sole traders may need cover for health and sickness to help protect their income if they can’t work for an extended period.
  3. Sole traders that run a shop or work from a commercial property may need a bundled insurance policy, called a Biz Pack which can include cover for the building, fire, plate glass, theft and more
  4. Sole traders on building sites may also need commercial vehicle cover , tool insurance, and trailer cover.
  5. Sole traders that provide advice for a fee such as consultants may need professional indemnity insurance

What risks does insurance cover for sole traders?*

List of risks insurance can cover for a sole trader:

Protection for the risk :

Where your business activities causes harm to others – via public liability insurance

Where your business activities causes damages to others property – via public liability insurance

Where your business products causes harm to others – via product liability insurance (In Australia product liability is often bundled with public liability for sole traders)

Where injury that prevents you from working from an extended period – via personal accident insurance of damage to your commercial premises and contents , including against fire, plate glass, theft, and stock – via small business insurance pack of damage or loss to commercial vehicle , tools , and trailer – via specific cover for these work assets of being used for advice that leads to a loss for a client , where you provide advice for a fee – via professional indemnity insurance.

Do i need professional indemnity insurance as a sole trader?*

In Australia , sole traders, such as accountants , consultants , and IT contractors that provide advice for a fee need professional indemnity insurance.

As a sole trader that provides professional advice you need professional indemnity insurance as it can protect you and your business against legal costs and damages when one of your clients makes a claim for damages against you.

do i need workers compensation insurance as a sole trader?*

As self-employed sole traders do not qualify for Workers compensation insurance in Australia it is recommend that they cover themselves under an income protection or personal accident policy.

Workers compensation is compulsory if you have employees.

How much does sole trader insurance cost?*

Public liability insurance cost snapshot for sole traders is below:

self –employed office based sole traders,
eg. consultants and contractors
public liability insurance cost start from $380 annually or $35 per month for office based self employed occupations
public liability insurance cost median $460 annually or $40 per month for office based self employed occupations

self-employed tradies , such as painters starts from around $480* or $45 per month.
$5 million Public Liability Insurance cost for some lower risk self-employed tradies , such as painters starts from around $480* or $45 per month.
$5 million Public Liability Insurance cost for median self-employed tradies , such as painters starts from around $550* or $50 per month

* Important : the above is a guide only ; pricing may vary significantly from the above based on your size, clients, experience and self-employed business activities.

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We serve sole traders all over Australia*

List of states and territories in Australia we can help the self-employed find the insurance cover they need :

  • New South Wales (NSW)
  • Queensland (QLD)
  • Victoria (VIC)
  • Western Australia (WA)
  • South Australia (SA)
  • Tasmania (TAS)
  • ACT and NT

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