Insurance for your business

Accountants’ insurance tailored for your business

As a person or company responsible for the finance of other businesses or individuals, accountants are uniquely vulnerable to the consequences of mistakes or bad advice.

Often accountants’ insurance can be complex but we’ve worked hard to make buying a tailored insurance policy simple.

Buying your accountants’ insurance

1. Build your ideal policy using our simple quote form
2. Compare accountants insurance quotes from a range of trusted insurers
3. Choose a quote and buy it online
4. Speak to our UK insurance team if you get stuck
5. Receive your documents online instantly

Building your business insurance policy

Accountants may need a variety of insurance covers.  These will help you get started building your ideal policy:

Professional indemnity insurance – If a client suffers financial loss a result of your advice, professional indemnity insurance can cover the costs of any related claims made against you. Many clients will only deal with you if you have sufficient professional indemnity insurance. Simply Business offers cover up to £5 million.

Public liability insurance – a necessity if you come into contact with members of the public. Public liability insurance can cover you if you cause injury or damage to a person or their property during the course of your work. The minimum level of cover is £2 million, but you may need £5m or £10m if you carry out public sector work.

Business interruption insurance – covers your costs if you are forced to stop trading for a period of time due to pre-specified circumstances. It can also help to get your business back on its feet.

A few extra benefits with your policy

• Make sure you check and understand any exclusions on the policy. Simply Business offers you the chance to read the policy documents in full before you buy.
• Try to find out what level of professional indemnity insurance your clients might expect and what is standard for accountants.
• If you employ people other than immediate family members you will need to take out employers’ liability insurance.