• Client Data Breach Response - Comprehensive support when client financial data, tax returns, or personal information is compromised, including forensic investigation and notification costs.
• Cyber Liability Protection - Coverage for claims from clients whose data was exposed or compromised through your systems, including legal defence and settlement costs.
• Business Interruption - Financial protection when cyber attacks disrupt your ability to serve clients, covering lost fees and ongoing expenses during system downtime.
• Ransomware & Extortion - Support for ransom negotiations, payment, data recovery, and system restoration when your practice is held hostage by cybercriminals.
• Regulatory Defence - Assistance with ICO investigations, GDPR compliance, and defence costs for regulatory proceedings following a data breach.
• Social Engineering & Fraud - Protection against business email compromise, CEO fraud, and fraudulent fund transfer requests targeting your practice.

Cybercriminals intensify attacks during tax season, targeting accountants with sophisticated phishing emails designed to steal client data or login credentials. These attacks often impersonate HMRC, clients, or software providers.

• Fake HMRC communications requesting urgent action
• Client impersonation emails with malicious attachments
• Credential harvesting through fake login pages
• Tax software update scams distributing malware

Ransomware specifically targets accounting firms during critical periods like tax deadlines, knowing practices will pay quickly to restore access to client data and meet filing obligations.

• Encryption of client files and tax returns
• Threats to publish sensitive financial data
• Deadline-driven extortion during tax season
• Double extortion tactics

• Forensic investigation and breach assessment: £10,000 - £75,000
• Legal fees and regulatory defence: £20,000 - £150,000
• Client notification and credit monitoring: £15 - £50 per affected client
• Ransomware payments: £25,000 - £500,000+
• Data recovery and system restoration: £15,000 - £100,000
• PR and crisis management: £10,000 - £50,000
• ICO fines: Up to £17.5 million or 4% of annual turnover

As data controllers processing sensitive personal and financial information, accountants must comply with GDPR requirements including data security, breach notification, and demonstrating appropriate safeguards.

• 72-hour breach notification requirement
• Data protection impact assessments
• Appropriate technical and organizational measures
• Records of processing activities
• Client consent and data minimization

Accountants must maintain secure systems for AML compliance, including client due diligence records and suspicious activity reports. Cyber breaches compromising this data create additional regulatory exposure.

• Secure storage of client identification documents
• Protection of beneficial ownership information
• Safeguarding suspicious activity reports
• Transaction monitoring data security

Situation: A 12-partner accounting firm was hit by ransomware three weeks before the self-assessment deadline, encrypting all client tax returns and financial records.

Impact: Without cyber insurance, recovery costs would have exceeded £180,000, plus potential client losses from missed deadlines and reputational damage.

Resolution: Cyber insurance covered ransom negotiation, forensic investigation, system restoration, and business interruption losses. The practice restored operations within 36 hours and met all client deadlines. Total claim: £165,000.

Situation: Criminals compromised a senior partner's email and sent fraudulent payment instructions to a client, redirecting £125,000 intended for HMRC to an offshore account.

Impact: The client held the practice liable for the loss, threatening legal action and reporting to professional bodies.

Resolution: Cyber insurance covered the fraudulent transfer loss, legal defence costs, and crisis management support. The policy's social engineering coverage paid the £125,000 loss plus £35,000 in associated costs. Total claim: £160,000.

• Multi-factor authentication for all systems and software
• Encrypted email for client communications
• Secure client portals for document exchange
• Regular software and system updates
• Automated daily backups with offline storage
• Endpoint protection on all devices
• Network segmentation and firewalls
• Secure remote access solutions
• Data encryption at rest and in transit

• Enhanced email filtering and phishing protection
• Verification procedures for payment instructions
• Increased backup frequency
• Staff briefings on seasonal threats
• Client communication about security procedures

Ideal for: Sole practitioners and practices with up to 5 staff

• Data breach response: Up to £250,000
• Cyber liability: Up to £500,000
• Business interruption: Up to £100,000
• Ransomware coverage: Up to £150,000
• Social engineering: Up to £50,000
• Regulatory defence: Up to £100,000
• 24/7 incident response hotline

Ideal for: Practices with 20+ staff, multiple offices, or specialist services

• Data breach response: Up to £2,000,000
• Cyber liability: Up to £10,000,000
• Business interruption: Up to £2,000,000
• Ransomware coverage: Up to £2,000,000
• Social engineering: Up to £1,000,000
• Regulatory defence: Up to £1,000,000
• Dedicated cyber risk consultant
• Quarterly security assessments
• Staff training programs
• Crisis management support

• Specialist Expertise - We understand the unique cyber risks facing accountants and the regulatory environment you operate in.
• Professional Services Focus - Our policies are specifically designed for professional practices, not generic business coverage.
• Fast Response - 24/7 incident response with cyber security experts who understand accounting practice operations and critical deadlines.
• Competitive Pricing - Affordable premiums tailored to practice size, with discounts for strong security measures.
• Comprehensive Support - From risk assessment to claims handling, we guide you through every step.
• Integration with Professional Indemnity - We can coordinate cyber insurance with your existing PI coverage for seamless protection.
• No Hidden Exclusions - Clear policy terms with transparent coverage limits and conditions.

• 1. Request a Quote - Provide details about your practice size, services offered, client base, and current security measures.
• 2. Risk Assessment - We evaluate your cyber risk profile and recommend appropriate coverage levels for your practice.
• 3. Review Coverage Options - Our specialists explain policy terms, coverage limits, and optional enhancements specific to accounting practices.
• 4. Customize Your Policy - Adjust coverage limits, deductibles, and add optional protections based on your practice needs and budget.
• 5. Purchase & Activate - Complete your purchase and receive immediate coverage confirmation with full policy documentation.
• 6. Ongoing Support - Access to cyber security resources, training materials, and annual policy reviews to ensure continued protection.

• Number of clients and volume of data processed
• Types of services offered (tax, audit, advisory)
• Client industries and data sensitivity
• Cloud vs on-premise systems
• Third-party software and integrations
• Remote working arrangements
• Data retention periods
• International client base and data transfers