What is Accountants Insurance?
At Nova Insurance, we understand the unique risks faced by accountants, bookkeepers, tax advisers, and financial professionals across the United Kingdom. Whether you are a sole practitioner, a growing accountancy practice, or a large multi partner firm, having the right insurance in place is essential for protecting your business, your reputation, and your clients.
Accountants handle highly sensitive financial information and provide professional advice that clients rely on every day. Even a small error, misunderstanding, or unexpected incident can lead to costly claims, legal disputes, or reputational damage. Our Accountants Insurance solutions are designed to help protect your business against these risks, giving you confidence and peace of mind so you can focus on supporting your clients.
We work with trusted UK insurers to provide tailored cover for accountancy professionals, ensuring your policy reflects the specific needs of your business.
Tailored Insurance Solutions
Every accountancy business is different. The level of cover you require may depend on the size of your firm, the services you provide, your annual turnover, and the type of clients you work with.
At Nova Insurance, we take the time to understand your business and recommend insurance solutions that are appropriate for your needs. We aim to provide straightforward advice, competitive premiums, and flexible cover options.
Why Accountants Trust Nova Insurance for Protection
At Nova Insurance, we provide dedicated support for accountants and bookkeeping professionals across the United Kingdom. Our UK based team is available six days a week to assist you with your insurance needs. We will guide you through the quotation process, offering clear advice and practical support to help you find the right level of cover for your business.
All calls are free of charge through our 0800 numbers. If it is more convenient, you can request a callback and one of our advisers will contact you at a time that suits you. To get started, simply complete our online form or contact our team directly.
Trusted by Thousands of Businesses
More than 27,000 clients choose Nova Insurance to protect their businesses with dependable and specialist insurance solutions tailored to their needs.
Fast Cover and Immediate Documents
We understand that time matters. That is why we can provide instant cover when required, with policy documents sent directly to your email within minutes of confirmation.
Over 30 Years of Industry Experience
With over three decades of experience in the insurance sector, we specialise in supporting self employed professionals, freelancers, contractors, and small business owners with reliable and tailored insurance protection.
Why do accountants need insurance?
When a Tax Error Becomes a Claim
Even a small mistake in accounts submitted to HM Revenue and Customs can lead to unexpected tax bills for clients. If this happens, they may hold your business responsible and pursue legal action to recover their losses.
Nova Insurance offers tailored cover for accountants that can include Professional Indemnity Insurance, helping to protect your firm against legal costs and compensation claims. This support applies whether the issue is a genuine error or an unfounded allegation, giving your business greater peace of mind when working with clients.
Office Break In and Equipment Loss
If your accountancy office is targeted by thieves, the impact can be serious. Modern practices often rely on laptops, monitors, and communication equipment for day to day client work and remote meetings. If these items are stolen during a break in, it can disrupt your ability to operate and serve your clients effectively.
Business contents insurance can help cover the cost of replacing essential equipment, allowing your practice to recover more quickly and continue working with minimal downtime.
Professional Body Requirements
Many accountants who belong to organisations such as the AAT or ACCA are required to hold a minimum level of Professional Indemnity Insurance to maintain their membership.
At Nova Insurance, we offer cover that meets these requirements, helping you stay compliant while your services and experience grow over time.
What Does Accountants Insurance Cover?
At Nova Insurance, we can arrange a wide range of insurance solutions for accountants and accounting firms.
Professional Indemnity Insurance
Professional Indemnity Insurance is one of the most important covers for accountants. It helps protect your business if a client claims they have suffered financial loss due to professional negligence, mistakes, omissions, or inaccurate advice.
This cover can assist with:
- Legal defence costs
- Compensation payments
- Claims relating to professional advice
- Errors in tax returns or financial reporting
- Breach of professional duty
- Loss of documents or records
Many professional bodies require accountants to hold Professional Indemnity Insurance as part of their membership requirements.
Public Liability Insurance
Public Liability Insurance helps protect your business if a third party suffers injury or property damage as a result of your business activities.
For example, if a client visits your office and suffers an accident, this cover may help with legal costs and compensation claims.
Employers’ Liability Insurance
If your business employs staff, Employers’ Liability Insurance is usually a legal requirement in the United Kingdom.
This cover helps protect your business if an employee becomes injured or ill as a result of their work.
Cyber Insurance
Accounting firms often store sensitive client information, financial records and confidential data. Cyber criminals increasingly target professional service firms through phishing attacks, ransomware, and data breaches.
Cyber Insurance can help protect your business against:
- Data breaches
- Cyber attacks
- Business interruption
- Loss of client data
- Cyber extortion
- IT recovery costs
- Regulatory investigations
Office and Contents Insurance
If you operate from an office, protecting your premises and equipment is essential.
Office Insurance can include cover for:
- Computers and IT equipment
- Office furniture
- Important documents
- Accidental damage
- Theft
- Fire and flood damage
Directors and Officers Insurance
For larger accountancy firms or limited companies, Directors and Officers Insurance can help protect senior individuals against claims arising from decisions made while managing the business.
Who We Cover
Nova Insurance can provide insurance solutions for a wide range of financial professionals, including:
- Chartered accountants
- Certified accountants
- Bookkeepers
- Tax advisers
- Payroll providers
- Financial consultants
- Independent accountancy practices
- Limited companies
- Sole traders
- Multi partner firms
Whether you work from home, operate a local practice, or manage a larger firm with multiple employees, we can help arrange suitable protection for your business.
Common Risks Faced by Accountants
Accountants and financial professionals face a wide range of risks in their day to day operations. From handling sensitive financial records to managing client deadlines and compliance obligations, even a small issue can quickly escalate into a costly problem.
Some of the most common risks include:
- Human error in financial reporting or tax submissions
- Claims of negligence or incorrect advice
- Cyber attacks and data breaches
- Loss of confidential client information
- Employee related incidents
- Damage to office equipment or business interruption
- Regulatory investigations and legal disputes
Having comprehensive insurance in place helps reduce the financial impact of these risks and allows your business to continue operating with confidence.
