Accountants Professional Indemnity Insurance is insurance that protects professional accountants from the risks they face in their role. Your clients put their trust in you, relying on your expert advice in handling their money, their taxes, and their businesses.
While this is the area of your expertise, there’s always potential for something to go wrong. In the event it does, your client may suffer financially, and you could be held liable. It’s important you cover your own business for these circumstances and protect your business, assets and livelihood.
Accountants Professional Indemnity Insurance from Abacus
The Abacus Professional Indemnity policy complies with the requirements of various professional representative organisations including ATMA, CPA, CAANZ, IPA and TI.
Abacus Professional Indemnity insurance coverage is specifically developed for the needs of the smaller private accounting practice, not only in its policy features, but the support of the Abacus Claims Committee made up of Abacus Directors should Members be faced with the prospect of a claim.
Abacus Professional Indemnity insurance coverage is extensive. Some of the key policy features include:
- Unlimited Retroactive date
- Civil Liability Wording
- Meets the requirements of the professional accounting bodies
- Optional Cyber Liability Coverage of $250k
- Three Reinstatements
- Cover for Loss of Third Party Documents
- Infringement of Intellectual Property.
Who Needs Accountants Professional Indemnity Insurance?
Anyone who provides financial advice as part of their role faces a significant amount of risk. All Accounting firms, from freelance accountants to large city accounting firms, should be fully covered with an appropriate Accountants Insurance policy. In fact, in order to be part of certain organisations such as the CPA and ATMA, Professional Indemnity Insurance is obligatory.
Abacus specialises in providing Professional Indemnity Insurance specifically for small Australian accounting companies.
Why Choose Abacus for Your Accountants Professional Indemnity Insurance?
At Abacus, we do more for our clients. In addition to our Accountants Professional Indemnity Insurance, we add value to our members’ businesses by helping them meet and exceed the increasing expectations of their own clients. We promote the highest standards of professional practice so that our members become their clients’ most trusted financial advisers.
With a background in the accounting industry, the advisors at abacus have extensive expertise in the sector. We keep up to date with the unique challenges faced by businesses operating in the sector, combining this knowledge with our in-depth understanding of insurance and risk management, to ensure our members’ businesses are adequately protected.
Get in touch with us today to find out more about our Accountants Professional Indemnity Insurance Offering.