Specialising in Professional Indemnity Insurance for Accountants, we know the specific risks that your Accounting business should be covered for.
As an accountant, you are legally responsible for providing correct and precise advice and services to your clients.
We know that you are a professional in your industry, and take steps to protect your clients and ensure you are always providing them with accurate and complete advice. However, it is not always possible to prevent mistakes. That’s where Abacus comes in.
Why Is Accounting Insurance Necessary?
Accounting Insurance is a specialist type of business insurance cover that protects professional accountants from the risks that they face in their role.
Given the nature of the advice that you give, even the slightest mistake can result in a substantial financial loss for your client, which you may be liable for. That’s why Accounting Insurance is mandatory for compliance with regulatory accounting bodies across Australia. With the right Insurance in place, you can minimize the consequences on your business if something goes wrong.
As an accountant, you are trusted with the financial information (both business and personal) of clients. As such, you are bound by a legal and professional duty of care to your clients. In the event that you give inaccurate or incomplete information that results in a financial loss for your client, they may pursue a claim against you. Your insurance may cover the losses suffered by your client, as well as the legal costs of defending yourself against such claims.
You’re only human, so there’s always potential for something to go wrong. Let us protect you in the event that it does.
Why Choose Abacus Professional Indemnity Accounting Insurance?
When it comes to Accounting Insurance, not all policies offer the same cover. The seemingly insignificant differences between policies can however prove costly for your business in the event of a claim. It is therefore vital to ensure that you know what you get for the premium you pay.
At Abacus, we specialise in Professional Indemnity insurance, providing cover that meets the CPA Australia guidelines. Our cover includes losses that arise out of acts, errors and omissions from a wide variety of services that you provide, including:
- Accounting and bookkeeping errors
- Failure to fully comply with audit undertaking
- Incorrect tax advice / tax preparation
- Returns not lodged in time
- Negligence in rendering professional services
- Incorrect analysis and interpretation of the numerical data.
GET INSURANCE QUOTES
Abacus have provided competitive pricing & excellent servicing standards for the many years our firm has been insured by them. On the few occasions where claims have been raised against our firm, Abacus & its staff have been extremely helpful in supporting our firm through the period of claims’ action.
The Abacus team always promptly address my issues of concern with technical skill and knowledge, and convey responses in a format, which gives our firm the satisfaction knowing that we are adequately & appropriately insured.
I would most definitely recommend Abacus to others.John Wright
Insurance for Accountants, By Accountants
Abacus is a specialist provider of Professional Indemnity Insurance for small, public practice Accountants in Australia.
Coming from an accounting background ourselves, we know the unique risks and challenges faced by businesses in the industry, applying this expertise to add value to our clients’ businesses.
By promoting and encouraging the highest standards of professional practice, we actively work with our members to help them meet and exceed their clients’ increasing expectations. With Abacus, we help you become your clients’ most trusted financial advisers.
Speak to us today to find out more about your Accounting Insurance requirements, and how Abacus can add value to your business.