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.