Insurance for Accountants

Why do accountants need insurance?

As an accountant, you know that managing financial risks is essential for any business. But is yours prepared for unplanned expenses?

Mistakes in your work, a damaged laptop, and cyberattacks are just a few risks your business might face. Different types of accountancy insurance could help you keep your business in the black so you can continue serving clients.

What types of accounting insurance do accountants need?

Professional Indemnity

Even Excel gurus can make mistakes, and these errors or omissions could result in financial losses for your clients. Professional Indemnity insurance* for accountants could help you handle claims like accounting and bookkeeping errors, incorrect tax preparation, and negligence in rendering professional services—just to name a few.

Oh, and did you know that Professional Indemnity is an industry requirement? The level of Professional Indemnity insurance you may need depends on the requirements outlined by your professional association. For instance, CPA Australia and Chartered Accountants Australia mandate that members maintain a minimum level of Professional Indemnity cover.

Public Liability

Do clients meet with you in your office? Do you work with them in their place of business? You may want to consider Public Liability insurance* in case your actions cause them injury or accidentally damage their property

Business Insurance

Running a business is a challenge, and unexpected bills can make it even trickier. That’s where a Business Insurance Package* could help.

These packages are customisable, so you can add accountant insurance that makes sense for your business, such as Contents* cover for your business records, Electronic Equipment* for your laptop, or Glass* cover for your office windows!

Cyber Liability

Consider the client data you are storing. What if your system was hacked, and that data was stolen or lost? Cyber Liability insurance* helps you handle the costs of cyberattacks and data breaches, like restoring your professional reputation following a breach of confidentiality.