We cover all types of audit practices including statutory auditors, assurance firms, internal audit services, forensic auditors, and specialized audit consultancies..

Yes, professional indemnity insurance is essential for auditors as it covers claims arising from audit opinions, assurance failures, and professional negligence in audit work..

Professional indemnity insurance covers incorrect audit opinions, financial statement errors, and going concern assessment mistakes that result in financial loss to clients or third parties..

Yes, our policies cover FRC investigations, professional body disciplinary proceedings, and regulatory fines arising from audit quality issues and professional standards violations..

Professional indemnity insurance covers claims arising from failure to detect fraud, material misstatements, and internal control weaknesses during audit procedures..

Our auditing insurance can be tailored to cover assurance services including reviews, agreed-upon procedures, and other attestation services beyond statutory audits..

Cyber liability insurance covers audit file breaches, client data theft, and GDPR violations including notification costs, credit monitoring, and regulatory fines..

We can provide management liability insurance covering partnership disputes, employment practices, and directors and officers liability for audit firm management..

Cyber liability and business interruption insurance cover audit software failures, system downtime, and technology-related disruptions to audit services and client deliverables..

Internal audit services require professional indemnity coverage for internal control assessments, risk management advice, and operational audit recommendations provided to organizations..

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 audit practice size, annual fee income, audit types, client portfolio, staff numbers, professional qualifications, and previous claims history for accurate quotation..

Forensic audit services require enhanced professional indemnity coverage for investigation work, expert witness services, and litigation support with appropriate regulatory compliance..

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

Due diligence services can be covered under professional indemnity insurance, but may require enhanced coverage for transaction support, financial analysis, and investment advice..

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

Professional indemnity insurance covers claims arising from audit quality review findings, regulatory inspection failures, and professional standards violations identified during quality assessments..

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

Professional indemnity insurance covers going concern assessment errors, opinion failures, and subsequent financial losses to clients and stakeholders relying on audit opinions..

Auditing insurance costs typically range from £2,000-£5,000 annually for small audit firms, £5,000-£15,000 for medium-sized practices, and £15,000-£50,000+ for large audit firms with statutory audit clients. Costs depend on fee income, audit types, client risk profile, and coverage levels required..

Statutory auditors are legally required to have professional indemnity insurance with minimum coverage levels set by professional bodies. Most require £100,000-£10 million coverage depending on audit client size and public interest entity status..

Yes, self-employed auditors need professional indemnity insurance for audit opinion liability, assurance service errors, and regulatory compliance. Most audit clients and professional bodies require proof of coverage before engagement..

Professional indemnity insurance covers auditor negligence claims including audit opinion errors, material misstatement failures, fraud detection failures, and financial losses to clients and third parties relying on audit work..

Yes, auditing insurance premiums are typically tax-deductible business expenses for audit firms including professional indemnity, cyber liability, and business insurance premiums as allowable professional costs..

Big Four audit firms need enhanced professional indemnity with very high coverage limits for public interest entities, cyber liability for global data protection, and specialized coverage for regulatory investigations and international operations..

Yes, cyber liability insurance is essential for auditors handling sensitive audit files, covering data breaches, GDPR violations, ransomware attacks, and system failures affecting audit documentation and client confidentiality..

Cyber liability and business interruption insurance cover audit software failures, cloud storage issues, electronic working paper losses, and system downtime affecting audit delivery and client deadlines..

Yes, professional indemnity insurance covers Financial Reporting Council investigations, Audit Quality Review findings, regulatory fines, and legal defense costs arising from audit quality issues and professional standards violations..

Internal auditors need professional indemnity for internal control assessments, risk management advice, operational audit recommendations, and cyber liability for access to sensitive organizational data and systems..

Yes, professional indemnity insurance covers going concern assessment errors, opinion failures, and subsequent financial losses to stakeholders relying on audit opinions about business viability and continuity..

Professional indemnity insurance covers claims arising from audit quality review findings, regulatory inspection failures, and professional standards violations identified during FRC or professional body quality assessments..

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

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

Yes, professional indemnity insurance covers International Standards on Auditing compliance failures, audit procedure inadequacies, and documentation deficiencies that result in regulatory action or client claims..

Professional indemnity insurance covers costs and claims arising from audit opinion withdrawals, modifications, and subsequent restatements including legal defense and client compensation costs..

Public interest entity auditors need enhanced professional indemnity with higher coverage limits, specialized regulatory compliance coverage, and additional protection for systemically important audit clients..

Audit trainees are typically covered under their firm's employers liability insurance, but may need separate professional indemnity coverage when providing audit services or signing off on audit work..

Yes, professional indemnity insurance covers audit committee communications, management letter recommendations, and internal control reporting that may result in liability claims or regulatory issues..

Office and contents insurance covers audit firm premises, computers, audit software, client files, and business interruption including theft, fire, flood damage, and alternative working arrangements..

International audit work requires enhanced professional indemnity with global coverage, multi-jurisdictional compliance protection, and specialized coverage for cross-border audit and assurance services..

Audit quality partners need enhanced professional indemnity coverage for quality control responsibilities, audit review failures, and regulatory compliance oversight including FRC investigation protection..

Professional indemnity insurance covers audit sampling errors, statistical sampling failures, and substantive testing inadequacies that result in material misstatement failures and client losses..

Professional indemnity insurance covers audit documentation deficiencies, working paper inadequacies, and file completion failures that result in regulatory findings or professional negligence claims..

Cyber liability and professional indemnity insurance cover audit technology failures, data analytics errors, and artificial intelligence audit tool mistakes affecting audit conclusions and client services..

Audit senior managers need enhanced professional indemnity for audit sign-off responsibilities, management liability for firm oversight, and specialized coverage for regulatory investigation leadership roles..

Professional indemnity insurance covers audit independence violations, objectivity breaches, and conflicts of interest that result in regulatory action, client claims, or professional disciplinary proceedings..

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..