Smart Business Insurance
Level 11, 484 St Kilda Road Melbourne, VIC3004
$ Phone: 1300 542 573 info@smartinsure.com.au

1300 542 573

TALK to a SMART Business Insurance adviser

Business insurance for sole proprietors

Are you a sole proprietor looking for business insurance?

At SMART our friendly brokers specialise in business insurance for sole proprietors just like you.

Every working day we help a wide range of self employed contractors, tradesmen, consultants and small business people find suitable and affordable business insurance.

No matter if yours is a trade or professional based occupation we have a strong focus on sourcing insurance cover for sole proprietors.

Public liability for sole proprietors

Sole proprietors and sole traders in trade occupations usually will need at least need Public & Products Liability Insurance; which may also be known as broadform liability or general liability.

If you operate a trade business you may also want to consider a Business Pack, which combines several insurance policies into a cost effective insurance package.

Whether you are an electrician, carpenter , plumber , bricklayer or scaffolder , if you are a trade based sole proprietor our SMART team of insurance brokers may be able to help you find business insurance cover the SMART way.

Why do sole proprietors need public liability insurance?

As a sole proprietor public liability insurance may cover your business for claims against:

  • Damage to someone else’s property
  • Personal injury to someone not employed by you

Product liability insurance may protect your sole proprietor business when products you have supplied or manufactured cause harm, injure someone or cause property damage.

A business insurance policy combining both public liability and product liability, (broadform liability ), is strongly recommended for Australian businesses, as claims for accidental injury, property damage and product liability claims are potentially very expensive.

In Australia, for sole proprietors, and in fact most small businesses, it’s vital to have broadform liability insurance so that you may be covered whether the responsibility lies with your business activities or your products.

If you want more information about public liability or broadform liability insurance, and which is suitable for your business, TALK to a SMART Business Insurance broker on 1300 542 573 or email us at enquiry@smartinsure.com.au.

Professional indemnity insurance for sole proprietors

Sole proprietor professional contractors and consultants will typically require Professional Indemnity Insurance and Public Liability Insurance.

Professional indemnity insurance provides protection for sole proprietors that provide advice; from legal action for losses incurred as a result of claims for professional negligence, errors or omissions. It provides indemnity cover if your client suffers a loss directly attributed to your advice, actions or omissions.

How much does sole proprietor insurance cost?

So, how much will sole proprietor insurance cost you?

The cost of sole proprietor public liability or broadform liability insurance for your business depends on a number of key factors including:

  • The nature and scope of your business
  • Your business turnover and size
  • Amount of insurance cover your business needs

Public Liability and Broadform Insurance cost for sole proprietors start from $500 for trade based occupations.

Combined professional indemnity and pubic liability insurance policy start from $380 for office based occupations.

Other insurances requirements for sole proprietorship businesses to consider

Sole proprietor insurance broker quotes

Our helpful business insurance brokers may be able to help you find suitable and affordable public liability and broadform liability insurance for your sole proprietor business

Depending on the nature of your business, certain insurance companies may offer better terms.

Our SMART insurance brokers may obtain multiple quotes on suitable public liability and broadform liability insurance policies for your from leading insurance companies such as Vero, Zurich, and AIG or if applicable from a specialist underwriter.

For a suitable and affordable sole proprietor insurance quote TALK to a SMART Business Insurance broker on 1300 542 573 or email us at enquiry@smartinsure.com.au.

1300 542 573

TALK to a SMART Business Insurance adviser

Business Hours:

Monday – Friday 8.45 am - 6.00 pm AEST