Insurance for accountants

Accountants’ insurance tailored to you

As an accountant, you enjoy a unique level of trust. Your clients rely on you to get the figures right but, however well prepared you are, accidents do happen – and you need an insurance policy that protects you. With Simply Business you can get just that, choosing from a range of key covers to build a flexible policy with a single premium, a single renewal date, and a single set of documents.

The average insurance claim for accountants is £5,250 – could you afford this if the worst happened? (Average claim being £5,250. Based on data from 21 November 2018 - 20 November 2019, for comparison only. Cancellation charges may apply, please refer to our full terms & conditions.)

What insurance do accountants need?

Professional indemnity insurance for accountants

Professional indemnity insurance is a vital consideration for all businesses that give advice or offer professional services to other businesses. It can cover you if you give faulty advice that causes financial loss to a client.

Accountants' professional indemnity insurance can cover for mistakes such as:

• professional negligence
• unintentional breaches of copyright or confidentiality
• loss of documents or data
• defamation or libel

You can buy professional indemnity insurance as a stand-alone cover or as part of a combined policy with other covers such as public liability insurance. At Simply Business we offer between £50,000 and £5 million in professional indemnity cover.

Public liability insurance for accountants

Public liability insurance is often an important cover for many businesses, as it can protect you if someone is injured or their property is damaged because of your business. Simply Business offers between £1 million and £5 million in cover, to protect you against this cost.

Accountant insurance policy details

• Make sure you read your policy documents carefully in order to understand any exclusions
• If you need professional indemnity insurance, find out what level of cover your clients might expect, and buy accordingly
• If you employ people, even in your own home, you’re legally obliged to take out employers’ liability insurance. Not doing this could lead to a heavy fine

Need more details? Hear more about your business cover options from our expert team in a quick set of videos. Just choose the cover you’re interested in and get some expert insight into how each option can help your business. You can also check out our business insurance FAQs.