Cyber Insurance for Accountants: What’s at Risk in 2026
Accounting firms hold identity-rich data and sit at the centre of money movement—catnip for cybercriminals. The myth that “we’re too small to target” keeps getting disproven. Here’s how firms like yours get hit—and how a good cyber policy cushions the landing.
The three most common ways firms are compromised
Business email compromise (BEC)
Attackers phish a partner or bookkeeper, watch mailbox traffic, then change bank details on invoices. Losses often occur before anyone notices.Ransomware
A single credential leak or unpatched software leads to encryption of files and backups. Downtime and data restoration costs stack up quickly.Third-party app exposure
Add-ons and integrations expand your attack surface. If a connected app is compromised, your client data can be, too.
Why cyber claims are expensive (even when data isn’t “stolen”)
Forensics & legal counsel to confirm what happened and what laws apply
Notification & credit monitoring for affected clients
Data restoration & downtime—your team can’t bill when systems are frozen
PR & reputation support to manage client communications
What to look for in a cyber policy
Incident response panel (24/7 hotline, forensics, legal, PR)
Cover for BEC and social engineering (sub-limits vary—details matter)
Restoration & business interruption (including increased cost of working)
Regulatory fines and penalties where insurable
Breach notification costs and client support
We place cover with insurers that actually pick up the phone at 2am and bring the right experts to the table.
Five quick risk-reducers you can implement this month
Turn on MFA everywhere (email, practice apps, remote access)
Use conditional access and password managers
Patch weekly; review who has admin rights
Run a 10-minute phishing drill for the team
Confirm a verified-by-phone process for bank detail changes
Bundle PI + Cyber or buy separately?
Bundling often simplifies admin and can sharpen price, but not always. We’ll compare options and show gaps or overlaps in plain English.
Ask us for a cyber quote or a PI+Cyber bundle comparison. We’ll keep it simple and specific to your tech stack.
