Sole Proprietor Business Insurance
Find out what insurance coverage you need as a sole proprietor.
Compare policies from leading national insurers. Get a quote in minutes.
One application, multiple quotes. All in one place.
Over 1 million customers worldwide.
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Sole Proprietor Insurance
Find out what insurance coverage you need as a sole proprietor. Compare policies from leading national insurers. Get a quote in minutes.
One application, multiple quotes. All in one place.
Over 1M customers worldwide.
Why Do Sole Proprietors Need Insurance?
Sole proprietorship brings real independence — and sometimes real exposure. As the owner, your business and personal assets aren’t separate, and one unexpected mishap can put all your hard work at risk. With tailored coverage options, we make it easy and affordable to protect your personal finances from business-related claims.
What Type of Sole Proprietor Business Insurance Do I Need?
General Liability Insurance
From
$20.75
/month*
Foundational sole proprietor insurance coverage to help handle costs from third-party accidents, property damage, and bodily injury.
Workers’ Comp Insurance
From
$38.91
/month*
Coverage to help take care of employees who get sick or injured on the job. Most states require this coverage for small businesses with full- or part-time employees. It also can benefit business owners who don’t have employees.
Inland Marine Insurance
From
$20.83
/month†
Financially protect the tools and equipment you use while in transport or on a jobsite.
Professional Liability Insurance
From
$25.83
/month*
Coverage for business mistakes that result in damages, legal costs, and negligence claims.
Business insurance —
a one-minute explanation
Learn more about policies for small businesses, what they cover, why you might need them, and how we can help – all in just 60 seconds.
What Does Sole Proprietorship Insurance Cover?
Whether you’re a mobile notary visiting clients or a painting contractor on a job site, operating as a sole proprietor means you are personally liable for business damages. And many landlords and clients now require proof of coverage before you can sign a lease or start a contract. From high-risk trades to online retail, our insurance solutions can help you navigate these requirements and common claims without derailing your busy schedule — or your budget:
Damage to someone else’s property
A painting contractor is shifting a ladder to clear space near the entryway. One accidental bump, and a heavy framed mirror tips off the wall, shattering on a client’s marble floor. A general liability policy can help cover this type of third-party damage and protect your business from out-of-pocket costs.
Care for sick or injured employees
Picture your janitorial team cleaning a commercial office after hours. While mopping a slick hallway, one crew member slips and sustains a serious back injury that requires months of rehab and rest.
Workers’ compensation insurance can help cover the medical bills and lost wages. That’s why even if you’re a one-person operation, workers’ comp is worth considering, since some health insurance policies don’t cover work-related injuries.
Inventory and equipment protection
An online retailer keeps their inventory in an off-site storage unit while orders grow. But when the water heater bursts, the products needed for this week’s shipments are ruined. Inland marine insurance — also known as contractor’s small tools and equipment insurance — can help cover the cost to replace your inventory so you can restock and get back to business.
Honest mistakes and negligence claims
A mobile notary witnesses a signature for a real estate document but misses a key detail in the sealing process. The paperwork gets challenged, and the client ends up in a time-consuming and expensive legal dispute. Even careful professionals can have an off day, and a professional liability policy could help cover the cost of resolving a claim and protect you against related legal expenses.
How Much Does Sole Proprietorship Insurance Cost?
Try our sole proprietorship insurance Calculator
Get a quick estimate in just 3 steps.
How Much Does Sole Proprietorship Insurance Cost?
Try our sole proprietorship insurance Calculator
Get a quick estimate in just 3 steps.
Answers to More Sole Proprietorship Insurance Questions
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We partner with a range of top-rated carriers and use smart technology to match you with policies that fit your specific business, your risks, and budget.
400+
business types covered
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1M+
customers worldwide
18
top-rated small business
insurance providers
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*The displayed price for each product is a monthly estimate calculated from the 10th percentile of relevant policies sold by Simply Business (e.g., General Liability data is used for General Liability estimates). This estimate uses data from relevant policy sales between January–June 2025. Final price and payment terms, which may include an initial down payment, are subject to change based on your state, selected insurance provider, and specific business details.
†Displayed price is based on the lowest available coverage limit for Equipment and Small Tools policies.