Feb 6
Sole Trader Protection PDF Print E-mail

Sole Trader

We recommend Sole traders to take out a personal life or life and critical illness assurance policy with a flexible trust drawn up.

Perhaps one of the most sensible choices for a sole trader is to take out income protection insurance, as via a valid claim - it will continue to pay the sole trader during periods of long term illness. Having this type of insurance therefore protects the sole trader's personal property and financial status even if the business is no longer able to trade.