Easy, quick and bespoke indemnity insurance for accountants and finance professionals.Start your quote
We offer business insurance for a wide range of finance professionals including: accountants, finance directors, financial analysts and consultants, statisticians, loss assessors, bookkeepers and loss adjustors, to name but a few.
Working in the UK financial sector comes with unique responsibilities, regulations and risks which require finance consultants and accountants to carry comprehensive business insurance. Through our insurance policies, we are able to provide you with the protection you need in case something goes wrong and a client makes a claim against you, giving you the reassurance you need to allow your business to thrive.Start your quote
Accountant’s professional indemnity insurance will provide cover to protect you and your business against the legal implications that may arise if you made a mistake during the course of your work and will cover the legal costs and compensation awards within the indemnity limit.
Negligence is a broad term and covers a range of possibilities, none of which need to be a deliberate act. As a result, any professional can be accused of negligence. Regardless of whether the claim against you is valid or not, you still need to do something about it, and if you’re not insured it could cost you a lot of money in legal costs to clear your name.
Carrying comprehensive professional indemnity insurance will give you the reassurance that you’re covered for circumstances that are out of your control, allowing you to concentrate on your work.
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Protects against claims of alleged negligence in your professional services, advice and designs.
Protects against claims of injury to third-parties or damage to a third-party's property.
A legal requirement for anyone employing staff. Protects your business in-case an employee is injured at work.
Cover for contract disputes, tax investigations, court attendance, debt recovery, and more.
Cover for work injuries, illnesses caused by work and compensation awards.
Protection for losses from, fraud, dishonesty, theft, bribery, forgery, and loss investigations.
Covers your business in the event of a malicious attack on your computer systems and data.
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As an accountant or finance professional you are employed to help people develop their businesses from a financial perspective, which includes sound financial and taxation advice as well as PAYE calculations and end of year reports. As such, you are at high risk of a professional indemnity claim.
A couple of examples could include:
Alleged negligent work
As an accountant the financial success of your clients’ business is very much in your hands. Accounting negligence can include, but is not limited to:
Professional Indemnity insurance would respond to provide cover for most instances such as these.
You cause property damage while in a clients premises
You accidentally damage property while visiting a client’s premises. A claim is made against you to pursue damages for the damaged item. This instance you would be covered by Public Liability insurance.
With our online quote and buy system you can get an indicative quotation for your insurance in a matter of minutes. Professional indemnity insurance can start from as little as £98.00 per annum.
An example quote: an account with an annual turnover of up to £50,000 per annum, with a £500,000 indemnity limit in any one claim, would pay £192.00 per annum for professional indemnity insurance. That’s only £16.00 a month, which we think is great value considering the cover and peace of mind that you benefit from (Figure correct as of 17.11.2021).
Apart from Professional Indemnity insurance accountants and finance professionals will typically be required to carry Public Liability insurance, especially if they work from office premises and meet clients face-to-face.
It is important to be aware that as a self-employed business owner, a claim can be made against you personally with unlimited personal liability, therefore Directors and Officers insurance is a valuable insurance policy which will cover you in this instance, which is provided as part of our Business Combined Liabilities insurance product.
Legal Expenses insurance will also provide cover for costs incurred from a legal occurrence or claim that your indemnity and liability insurance does not cover, including the costs incurred from an IR35 tax investigation.
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Our understanding of the freelance sector and the challenges you face daily, enables us to tailor our insurance products to meet your needs. Contact us to talk about your insurance requirements and to better understand the insurance we offer.Get in touch