Accountants PI Insurance

Professional Indemnity Insurance is vital for any business professional but in particular Accountants who need cover to fulfil their professional association responsibilities as well as to protect their business from increasing numbers of claims.

We can offer cover from £50,000 up to £2 million limit of indemnity using our on-line service. You can of course request higher levels of cover by calling us but there will be additional queries raised with you in respect of this.

Associations requiring members to hold PI insurance are:

  • The Institute of Chartered Accountants in England & Wales (ICAEW).
  • The Association of Chartered Certified Accountants (ACCA).
  • The Institute of Chartered Accountants of Scotland (ICAS).
  • The Institute of Chartered Accountants in Ireland (ICAI).
  • The Chartered Institute of Taxation (CIOT).
  • The Association of Accounting Technicians (AAT).

However as Insurer cover holders we are looking to work with compliant low risk professionals with a good standing in the market, who are free from complaints and which will be reflected in the quality of cover and the premium levels offered.

In all we understand the needs of the business professional and the necessity to work with Insurers who have the desire to work in the financial markets, which as we know has been the subject of bad publicity over the last decade.

If you provide us with your full details we can provide instant on-line quotes for this class of business (subject to underwriting) or you can download an application form and submit to us by fax, post or email to obtain a written quotation.

 

Cover Details »

PI Insurance for Accountants will generally include:

  • Civil liability cover for claims arising from professional services carried out by you.
  • Cover for awards made by the Ombudsman.
  • Employee dishonesty – loss of money or property (other than that of employees) as a result of an employee’s dishonesty.
  • Loss of documents – costs incurred replacing or restoring documents.
  • Compensation for court attendance in connection with a claim.
  • Cover for costs incurred for representation at tribunals and hearings.

Accountants (ICA)


Accountants (Non ICA)


If you are purchasing any Insurance on-line, you should make a determined effort to carefully read the documentation sent to you.  Professional Indemnity policy wordings can differ widely and you should always refer to your policy schedule, take note of any significant exclusions in the summary of cover and read the policy wording in detail to establish that cover is suitable for your business needs but just as importantly that your business can also meet the policy terms and conditions.