The invention relates to an isolation switch and a contact assembly thereof; the contact assembly comprises a main contact and an arc contact, wherein the main contact is provided with an insulation support; the arc contact is arranged on the insulation support; the arc contact is electrically connected with the main contact through a petersen coil winding on the periphery of the insulation support, thus ensuring electric current to pass the arc contact, the coil and the main contact in order, ensuring the magnetic field intensity in the coil, further improving arc extinguishing effect, and minimizing the arc contact diversion effect; in addition, the end portion of the petersen coil can be only provided with the arc contact of a small structure, thus saving cost.