Business Insurance for Sole Proprietors
As a sole proprietor, your personal assets — home, savings, car — are exposed to business lawsuits. The right insurance closes that gap for less than you think.
Backed by Munich Re. 750,000+ businesses insured. Get your certificate of insurance instantly.
Coverage Types for Sole Proprietors
These are the key insurance policies most relevant to your business type — ranked by importance.
General Liability
Highly RecommendedCovers third-party bodily injury and property damage claims. With no LLC or corp structure, a single lawsuit hits your personal assets directly — GL is your frontline protection.
Professional Liability (E&O)
Highly RecommendedIf you provide advice, services, or professional expertise, E&O protects against claims that your work caused financial harm to a client. Essential for consultants, designers, coaches, and service providers.
Business Property Insurance
RecommendedCovers your business equipment, tools, and inventory. Note: your homeowner's policy will NOT cover business property. A standalone rider or BOP is required.
Business Owners Policy (BOP)
RecommendedBundles GL + property into one affordable policy. The most cost-effective option for most sole proprietors with physical assets to protect.
Cyber Liability
RecommendedIf you store client data, take payments online, or use digital tools, a data breach can be devastating. Cyber liability covers notification costs, legal fees, and recovery.
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What You Need to Know
- →As a sole proprietor, there is no legal wall between you and your business. A client suing your business is suing YOU personally.
- →General liability insurance is the fastest way to add a protective layer between business risk and personal assets.
- →Many client contracts and commercial leases require proof of GL insurance before you can start work.
- →Homeowners and renters insurance explicitly exclude most business activities — do not assume you are covered.
- →You can typically get insured and have a certificate of insurance (COI) in under 15 minutes online.
What Does It Cost?
General liability alone typically runs $29–$59/month for sole proprietors in low-risk industries. Add E&O and you may pay $59–$149/month. High-risk trades (construction, etc.) run higher.
Frequently Asked Questions
Frequently Asked Questions
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