Accountants and accountancy practice insurance

 

FSA

Accountants insurance

As a specialist insurer of accountants for over twenty years, we offer unrivalled knowledge of the risks facing accounting professionals and practices. Our accountants insurance policy can be tailored to meet the regulatory requirements of the Institute of Chartered Accountants in England and Wales (ICAEW), Association of Chartered Certified Accountants (ACCA), and the Chartered Institute of Management Accountants (CIMA).
 
Whatever your accountancy business specialises in, without comprehensive cover your business could struggle to survive a claim. An allegation of erroneous accounting, an injury suffered by a client during a visit to your office or a theft of computer equipment containing confidential client accounts could be disastrous for your practice. Our specialist accountants insurance can provide cover against all these risks and more.
 
Building a comprehensive accountants insurance policy online is quick and easy, and we can insure you today. Our simple quote system asks about your business activities and offers you covers that may be of interest. You can choose to buy all or just some of the covers quoted, so you will only ever pay for the insurance you need.
 
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Build a tailored accountants insurance policy with these specialist covers

Professional indemnity insurance covers the cost of defending your business against allegations of professional negligence (such as giving your client incorrect or wrongful advice) and if unsuccessful, the cost of damages awarded against you. This cover is mandatory for most accountants, and insurance is available with limits ranging from £100,000 to £5m.
 
Public and product liability insurance covers the cost of defending your business (including damages awarded against you if unsuccessful) if someone is injured, or their property damaged, which arises from you going about your business or supplying products. The legal fees alone could cost your business thousands of pounds. If you regularly visit clients, or they visit you, you may want to consider this cover. Limits range from £1m to £5m.
 
Employer’s liability insurance is a legal requirement if your business has employees. It covers your business against claims for injury or illness suffered by employees arising from their employment. If your accountancy practice employs staff, you need this cover. Cover for £10m.
 
Directors and officers insurance covers the costs of defending you as a director or officer of your company against allegations of wrongful acts and any damages subsequently awarded against you. Cover is also provided in respect of the legal costs and expenses of defending actions for disqualification as a director, investigations and extradition proceedings. Limits range from £100,000 to £5m.
 
Office insurance covers your office buildings, office contents and computer equipment against accidental damage (including theft) whilst on your business premises. You can also choose to cover your business equipment (such as laptops and mobile phones) on a worldwide basis, and insure your business against loss of income and/or additional trading expenses following events such as damage to your property.
 
 

Our homeworkers policy offer specialist cover for home based accountants

In addition to our policy for office based accountancy practices, we also offer a specialist homeworkers policy, designed to cover the risks facing accountants working from home. Few home insurance policies provide the cover a home based accountancy business needs to survive a claim, so without the right insurance your business could be left exposed to costly payouts.
 
Our accountancy insurance for homeworkers can include a range a liability covers, including professional indemnity and public liability, and you can also insure vital business equipment against a whole host of risks including damage and theft. You are sure to find expert insurance that comprehensively covers your business.
 
Our specialist insurance for accountants starts at just £5/month.

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