The utility model discloses a live conductor protection apparatus. The live conductor protection apparatus comprises an elastic insulation rubber sleeve and an insulation clip. The diameter of the elastic insulation rubber sleeve is smaller than 1 mm, one end of the elastic insulation rubber sleeve is provided with an opening, the other end of the elastic insulation rubber sleeve is enclosed, and the opening of the elastic insulation rubber sleeve is openmouthed; and the insulation clip is of a structure in which two insulation clamping pins are articulated, the articulated shaft of the two insulation clamping pins is provided with an axle center through hole, a torsion spring is installed on the articulated shaft of the two insulation clamping pins, and the elastic insulation rubber sleeve fixedly penetrates into the axle center through hole of the articulated shaft. According to the utility model, power failure and personal casualty accidents during live-line operation are prevented, and operation safety and operation reliability of a low-voltage line are guaranteed. The live conductor protection apparatus comprises the insulation clip, and a wire can be conveniently clamped on other fixed objects through the insulation clip, such that the danger coefficient is greatly reduced. The live conductor protection apparatus is simple, is easy to use and is high in practicality.