Professional Indemnity that lets you do your best work

You double-check everything. Life still throws curveballs—miscommunication, shifting instructions, a number in the wrong column. PI helps protect you against allegations of error, omission or breach of duty, and covers defence costs so you can keep your head clear.

What this usually covers

  • Alleged errors/omissions in your advice or services

  • Breach of professional duty

  • Misleading or deceptive conduct (civil liability)

  • Defence costs and settlements (up to your policy limit)

  • Unintentional defamation or IP issues (where included)

Why this works well for you

  • Questions that make sense for public practice—so quoting is fast

  • Clear summaries of what’s in and out

  • Renewal nudges before the rush

  • Easy cross-checks with Cyber and Business to avoid gaps

What we need to start

Your structure, services, revenue, and any prior claims. We’ll handle the market and come back with options that fit.

Why accountants choose Abacus

We specialise in PI for accountants in public practice—sole practitioners and small firms. That focus means:

  • Clear, compliant cover that aligns with CPA, CA ANZ, IPA, ATMA and TI requirements.

  • Straightforward renewals and responsive support when time is tight.

  • Practical claims guidance from people who understand accounting risk.

What PI protects?

PI responds to civil liability claims arising from your professional services—alleged errors, omissions, misleading statements, breaches of duty, and related defence costs. If a claim happens, you’re not facing it alone.

Policy highlights

  • Unlimited retroactive date – continuous protection for past work (subject to terms).

  • Broad civil liability wording – covers a wide range of professional exposures.

  • Meets professional body standards – suitable for CPA, CA ANZ, IPA, ATMA and TI members.

  • Three reinstatements – additional protection if limits are exhausted (per policy wording).

  • Loss of third-party documents – cover if client records in your care are lost or damaged.

  • Infringement of intellectual property – protection for certain IP allegations connected to your services.

  • Optional Cyber Liability ($250k) – add cover for cyber incidents that can derail a practice.

FAQs

  • Yes. If you’re in public practice, PI is typically a membership and regulatory requirement and a practical safeguard against client claims.Description text goes here

  • It removes a time limit on past work, but standard policy terms, conditions, and exclusions still apply and prior-known matters aren’t covered.

  • Cyber events are generally not covered under PI. We offer an optional $250k Cyber Liability add-on to address data breaches, cyber extortion, and related costs.

  • Abacus PI is designed to meet the requirements of CPA, CA ANZ, IPA, ATMA and TI. We’ll help ensure your schedule reflects the right limits and wording.

  • Often, if disclosed. Tell us how you engage them.

  • We’ll weigh client size, contracts and risk appetite.

Get PI Cover
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