Insurance for Bookkeepers & BAS Agents
- Trusted by over 250,000 small businesses
- Meets requirements of the Tax Practitioners Board (TPB)
- Pay for 12 months and get 15 months cover with our insurer partner Vero*
- Members of the Australian Bookkeepers Network receive an exclusive discount with our insurer partner Vero. Contact the ABN to receive your exclusive code.
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Why do bookkeepers & BAS agents need insurance?
Running a business is about more than just keeping your books in order. Bookkeepers and BAS agents face many everyday risks—from errors in their work and professional negligence claims to cyberattacks and accidental property damage.
Business insurance could help you manage these risks (and more), while Professional Indemnity for BAS agents and bookkeepers helps you meet industry requirements.
Did you know?
The Tax Practitioners Board requires registered BAS agents and bookkeepers to have Professional Indemnity insurance.
What types of insurance do bookkeepers and BAS agents need?
Professional Indemnity
Your professionalism and service may not be enough to protect against negligence claims. Incorrect advice, errors in your work, or lodging documents late could cost a client thousands of dollars—and cause financial trouble for your business.
Professional Indemnity insurance* for bookkeepers and BAS agents is an industry requirement. The Tax Practitioner Board (TPB) sets minimum insurance levels for registered professionals providing different types of services†:
Registered tax agents
| Tier | Turnover from the provision of BAS services | Minimum aggregate amount of cover* |
|---|---|---|
| 1 | Up to $75,000 (excluding GST) | $250,000 cover inclusive of legal and defence costs |
| 2 | $75,001 – $500,000 (excluding GST) | $500,000 cover inclusive of legal and |
| 3 | Over $500,000 (excluding GST) | $1,000,000 cover inclusive of legal and defence |
Registered tax agents with a tax (financial) advice services condition
| Tier | Turnover from the provision of tax (financial) advice services | Minimum aggregate amount of cover* |
|---|---|---|
| 1 | $2 million or less | $2 million |
| 2 | Over $2 million | Equal to actual or expected revenue from tax (financial) advice services (up to a maximum of $20 million) |
Public Liability
If you regularly meet with clients in your office or on their business premises, you may want to consider Public Liability insurance*. These policies can help you handle unexpected bills should your actions cause an injury or accidentally damage someone else’s property.
Cyber Liability
Working with a client’s financial records could put you on a hacker’s radar. Cyber Liability insurance* could help you get back to business as usual following a cyberattack or data breach.
Business Insurance Package
Running a business is challenging, but events like fires, theft, and unfortunate accidents could make it even tougher. For times like these, a Business Insurance Package* might be useful.
You can customise your Business Insurance to include cover options that fit your bookkeeping business needs, such as Contents*, Glass*, Theft*, Tax Audit* and much more.
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Very easy, loved the way I could flick between monthly and annual and the disclosure of fees if paying monthly was very handy to know
Helen T
Bookkeeping
Fantastic to see quotes and compare. Very happy customer.
Sally B
Bookkeeping
This was so easy!!!!! Thank god someone finally has an online tool that is easy to navigate and use – Well Done!
Jo-Anne H
Bookkeeping
Was so easy and great prices from various sources. Was easier than looking at different websites for different insurers.
Belinda B
Bookkeeping
Excellent customer service and follow up – thank you for making the process so easy.
Sue F
Bookkeeping
Great Price, great service
Greg B
Bookkeeping