Sole Traders ML Insurance

At Berkley Insurance Australia (BIA), we’ve designed a specialised Management Liability (ML) solution specifically for the unique needs of sole traders. We provide the security of a corporate policy with a pragmatic approach and pricing personalised to the scale of your business.

Management Liability for Sole Traders

Our Sole Traders Management Liability insurance protects you against the financial impact of legal actions arising from the management of your business. In an environment where statutory fines and regulatory investigations are on the rise, this policy protects your personal assets. We focus on providing clear coverage supported by local underwriters who are available to explain the why behind every decision.

- $20m capacity
- Advancement of costs and emergency defence costs
- Employee theft
- Employment issues
- Pollution costs
- Tax audits / investigations
- Workplace Health & Safety incidents
- Allied health consultants
- Bookkeepers
- Direct retailers
- Individual consultants
- IT consultants
- Financial planners
- Freelance writers
- Landscapers and gardeners
- Tradesmen
- Dependent on nature of services undertaken by the sole trader
Sole Traders Management Liability Insurance Fact Sheet
Sole Traders Management Liability Insurance - Policy Wording
Sole Traders Liability - Claims Examples

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Claims Examples

Employee theft

A bookkeeper employed part time by a landscape gardener gradually diverted significant funds into a personal bank account by altering financial records. The discrepancies were only identified during the end of tax year reconciliation by the gardener’s accountant. The actions of the bookkeeper resulted in a substantial financial loss.

Workplace health and safety

An apprentice working for an electrical contractor sole trader suffered injuries after allegedly not receiving sufficient training and instruction before using specialised equipment. This resulted in a SafeWork investigation, which resulted in significant legal and related costs.

Unfair dismissal

A sole trader retailer employed an assistant, who was dismissed due to concerns over their performance. The employee alleged that they had not been given the appropriate warnings or an opportunity to improve their performance and began an unfair dismissal claim seeking compensation and legal costs.

WH&S investigation

A sole trader operating a small recycling business needed an additional short-term worker they contracted a labour hire worker. Unfortunately, the labour hire worker suffered a serious workplace injury while performing maintenance on equipment used as part of the sole trader’s business. The worker suffered a severe hand injury. WorkSafe investigated the insured.

Important Notice

These are examples only. You should read them only as a guide. They do not form part of any policy. Every claim is different. We always determine indemnity decisions and claim payments on an individual basis, after we have assessed the claim. Information provided is general only and has been prepared without taking into account any person’s particular objectives, financial situation or needs. Insurance cover and whether a policy responds to a claim is subject to the terms, conditions, limits and exclusions of the policy. When making a decision to buy or continue to hold a financial product, you should review the relevant policy wording and any applicable endorsements.