Accountants Professional Indemnity Insurance?
We understand that there is nothing better than experience in the accounting trade, but even the most experienced accountant can makes mistakes. As we have been supplying Professional Indemnity Insurance across many different trades for many years, you can trust us to get you the best cover at highly competitive prices.
What does accountants professional indemnity insurance cover?
There are many things that one of our policies can cover, a few are:
- Losses from staff dishonesty
- Lost, stolen or damaged documents
- Civil Liability
- Infringement of intellectual property rights
Accountants Professional Indemnity Insurance, if needed will cover the cost of defending claims made against you and for the damages, including any compensation awarded to third parties. If a claim is made against you, it is important that you have a water tight policy to protect you and your business.
Choosing the right cover to suit you
When you are obtaining cover, you need to be sure that you are selecting the correct insurance to protect you if an incident was to take place. If you are a member of the following then you will need Accountants Indemnity Insurance:
- The Association of Chartered Accountants
- The Institute of Chartered Accountants of England and Wales
- The Association of Accounting Technicians
- The Institute of Management Accounts
- Certified Accountants
- The Association of Taxation Technicians
- The Association of Indirect Taxation
If a client suffers a financial loss due to your mistake, error, omission or neglect then you are more than likely to be found liable. Anyone who gives designs, advice or offers similar services in a professional environment is considered an expert. If your levels of professionalism fall below average or your do not fulfil your duty of care, clients will not think twice about issuing claims against you.
The reason for court proceedings is irrelevant, without Accountants Indemnity Insurance you are unlikely to recover from a claim if someone issues proceedings against you. If you would like any help or advice with your policy, please feel free to contact one of our brokers.