Accountancy Insurance

We cover all types of accounting practices including chartered accountants, certified accountants, bookkeepers, tax advisors, audit firms, and financial consultants.

Yes, professional indemnity insurance is essential for accountants as it covers claims arising from professional advice, tax errors, and financial service mistakes.

Professional indemnity insurance covers tax calculation errors, filing mistakes, and advice errors that result in financial loss to clients, including legal defense costs.

Yes, cyber liability insurance covers data breaches, ransomware attacks, system failures, and GDPR compliance issues affecting client financial information and business operations.

Professional indemnity insurance covers audit failures, assurance service errors, and financial statement preparation mistakes with appropriate coverage limits for audit work.

Our accountancy insurance can be tailored to cover bookkeeping services including record-keeping errors, data entry mistakes, and financial reporting inaccuracies.

Cyber liability insurance covers data theft, loss, and breaches including notification costs, credit monitoring, legal expenses, and regulatory fines under GDPR.

We can provide management liability insurance covering partnership disputes, succession planning issues, and employment practices liability for accounting firms.

Professional indemnity insurance covers financial losses arising from missed tax deadlines, late filings, and administrative errors that result in penalties or interest charges for clients.

Office and contents insurance covers your premises, equipment, computers, and client files against theft, fire, and damage, which is essential for maintaining business operations.

Standard exclusions include deliberate wrongdoing, criminal acts, work outside professional competence, and pre-existing known circumstances. Full exclusions are detailed in policy documentation.

We typically need details about your practice size, annual fee income, services offered, staff numbers, professional qualifications, and previous claims history for accurate quotation.

Financial planning services require enhanced professional indemnity coverage with appropriate regulatory compliance for FCA-regulated investment advice and pension planning services.

Contact us immediately on 0330 127 2333. We provide rapid claims processing with specialists who understand accounting practice operations and professional standards requirements.

Payroll services can be covered under professional indemnity insurance, but may require enhanced coverage for HMRC compliance, employment law issues, and payroll calculation errors.

We offer flexible payment terms including annual, quarterly, or monthly payment options to help manage insurance costs for accounting practices and professional budgets.

Tax advisory services require comprehensive professional indemnity coverage for VAT calculations, tax planning advice, and HMRC compliance issues with appropriate coverage limits.

Management liability insurance covers directors and officers, employment practices, and partnership disputes, which is recommended for accounting firms with multiple partners or directors.

Insolvency practitioners require specialized professional indemnity coverage with enhanced limits and specific regulatory compliance for insolvency and restructuring advisory services.

Accountancy insurance costs typically range from £800-£2,500 annually for sole practitioner accountants, £2,500-£6,000 for small accounting firms, and £6,000-£15,000+ for larger practices with multiple partners. Costs depend on fee income, services offered, staff numbers, and coverage levels required.

Accountants with employees are legally required to have employers liability insurance. Professional indemnity insurance is mandatory for many professional accounting body memberships and client contracts, typically requiring minimum £100,000-£1 million coverage.

Yes, self-employed accountants need professional indemnity insurance for tax advice liability, bookkeeping errors, and financial consultation mistakes. Most clients and professional bodies require proof of coverage before engaging services.

Professional indemnity insurance covers tax preparation errors, calculation mistakes, filing errors, and missed deadlines that result in client penalties, interest charges, or financial losses from incorrect tax advice.

Yes, accountancy insurance premiums are typically tax-deductible business expenses for accounting practices including professional indemnity, cyber liability, and office insurance premiums as allowable business costs.

Chartered accountants need professional indemnity insurance for audit work and financial advice, cyber liability for client data protection, public liability for office premises, and enhanced coverage for statutory audit and assurance services.

Yes, cyber liability insurance is essential for accountants handling sensitive financial data, covering GDPR breaches, ransomware attacks, system failures, and regulatory fines from data protection violations.

Cyber liability insurance covers accounting software failures, cloud storage issues, data corruption, and system downtime including recovery costs, alternative working arrangements, and client notification expenses.

Yes, audit firms need enhanced professional indemnity insurance with higher coverage limits for statutory audit work, financial statement errors, and assurance service failures with appropriate regulatory compliance coverage.

Bookkeepers need professional indemnity for record-keeping errors, public liability for client visits, cyber liability for data security, and tools insurance for accounting software and equipment protection.

Yes, professional indemnity and legal expenses insurance cover HMRC investigation costs, tax dispute representation, and professional defense costs arising from client tax affairs and compliance issues.

Financial planning advice requires enhanced professional indemnity with FCA compliance coverage, investment advice liability, pension planning errors, and regulatory investigation costs for authorized financial advisors.

Management liability insurance covers partnership disputes, director and officer liability, employment practices claims, and internal conflicts affecting accounting firm management and business operations.

Tax advisors need specialized professional indemnity for tax planning advice, VAT consultancy, compliance errors, and enhanced coverage for complex tax structuring and advisory services.

Yes, payroll services require professional indemnity for calculation errors, HMRC compliance failures, employment law mistakes, and enhanced coverage for payroll processing and administration services.

Office insurance covers premises, contents, equipment, computers, client files, and business interruption including theft, fire, flood damage, and alternative working arrangements during office repairs.

Yes, cyber liability insurance covers cloud-based accounting systems, remote access security, home working data breaches, and technology failures affecting distributed accounting operations and client services.

Insolvency practitioners need specialized professional indemnity with enhanced limits for administration, liquidation, and restructuring work including regulatory compliance and statutory appointment coverage.

Company secretarial services require professional indemnity for Companies House filing errors, corporate governance advice, statutory compliance failures, and director service liability coverage.

Fidelity insurance covers employee theft, fraud, and dishonesty including client money protection, internal financial crimes, and recovery costs from staff misconduct affecting client funds.

Business valuation services require enhanced professional indemnity for valuation errors, due diligence mistakes, and financial modeling inaccuracies affecting merger, acquisition, and investment decisions.

Forensic accountants need specialized professional indemnity for investigation work, expert witness services, litigation support, and enhanced coverage for fraud investigation and dispute resolution services.

Management consultancy services require enhanced professional indemnity for business advice, strategic planning, operational recommendations, and financial restructuring advice beyond traditional accounting services.

Professional indemnity insurance covers software implementation mistakes, system configuration errors, data migration failures, and training inadequacies affecting client accounting system deployments.

International tax services require enhanced professional indemnity with global coverage for cross-border tax planning, transfer pricing advice, and multi-jurisdictional compliance issues.

M&A advisory services require enhanced professional indemnity for due diligence errors, valuation mistakes, transaction advice, and deal structuring recommendations affecting client investments.

Pension administration requires specialized professional indemnity for scheme management errors, regulatory compliance failures, and trustee advisory services with enhanced coverage limits.

We provide claims advocacy support and can arrange independent loss adjusters or legal representation. Our policies may include legal expenses coverage for insurance disputes, helping challenge declined claims through proper appeals processes.