What is Accountants Insurance?
Should your business be found responsible for providing inadequate advice that caused your clients to lose money, accountants’ professional indemnity insurance will cover the cost of any compensation you are required to pay. It will also cover any legal costs incurred defending the claim.
As well as being mandatory for chartered accountants, having accountants professional indemnity cover in place to deal with claims is vital to protect your business and reassure your clients.
ACCA Insurance : Professional indemnity (PI) insurance is mandatory for all ACCA accountants with a certificate to practise.
AAT Insurance If you practise accountancy or bookkeeping under an AAT licence, you need professional (PI) indemnity insurance.
Why Nova Insurance for Accountants Insurance?
We have a UK-based call centre are available 6 days a week to take your call. The experienced team can guide you through the process of getting a accountants insurance quotation. Offering relevant advice and assistance throughout the quote.
Calls are completely free, as we use 0800 numbers. However, you can request a callback, and we will call you back at a time that’s convenient for you. Ready for a quote? Simply complete the form, and we will call you back. Alternatively you can contact us
Trusted by Thousands
Trusted by Thousands Over 27,000 clients rely on Nova Insurance to protect their businesses with reliable and specialist insurance solutions
Instant Cover and Documentation
Instant Cover and Documentation Get immediate cover when you need it, with policy documents issued directly to your email within minutes.
Over 25 Years of Experience
Over 25 Years of Experience With more than 25 years of experience, we specialise in insuring self-employed professionals, freelancers, contractors, and small business owners.
Why do accountants need insurance?
A costly miscalculation
If you file accounts with HM Revenue and Customs and a miscalculation means thousands of pounds aren’t accounted for, your client could find themselves facing a larger-than-expected tax bill. If this happens, they may blame you and take legal action to reclaim the lost money. For an accountant, Nova Insurance business cover can be tailored to include professional indemnity insurance, which helps with the cost of defending and settling the case. It’s welcome protection, whether your accountancy firm makes a mistake or faces false accusations.
Thieves break-in to your office
Your accountancy practice’s office is kitted out with the latest laptops and touchscreen monitors, as well as audio and camera equipment for remote calls with clients. When a gang of thieves break-in to the offices overnight and makes off with the tech, you’re left struggling to service your clients. Business contents insurance can help to pay for replacement items so you can get back up and running.
Because professional bodies require it
Accountants who join industry organisations such as the AAT or ACCA are required to have a certain level of professional indemnity cover to meet each organisation’s membership rules. At Nova Insurance, we offer cover levels that meet the minimum requirements of such bodies. As you gain more professional qualifications and industry expertise, you may offer additional services.
