Accountants Insurance
Protect your accounting practice from claims of negligent advice, missed deadlines and data breaches with cover designed for the profession.
Get in touchWhat is accountants insurance?
Accountants insurance is a specialist policy that protects accounting professionals and practices from the risks of providing financial advice, preparing accounts and handling sensitive client data. It typically includes professional indemnity, public liability and cyber liability.
If a tax return error costs your client money, or a missed filing deadline results in penalties, professional indemnity covers the resulting claim. Accountants also face increasing cyber risks from handling sensitive financial data.
Find cover options from specialist insurers who specialise in covering accounting professionals, so your policy reflects the specific risks of your practice.
Professional Indemnity
Covers claims arising from errors, omissions or negligent advice in your accounting work.
Public Liability
Covers injury or property damage claims from clients visiting your office.
Cyber Liability
Covers costs from data breaches affecting your clients' sensitive financial information.
Employers Liability
Required by law if you employ staff, covering workplace injury and illness claims.
Who needs accountants insurance?
Sole practitioner accountants
Running a one-person accounting practice
Accounting firms
Managing a team of qualified and trainee accountants
Bookkeepers
Providing bookkeeping and payroll services to clients
Tax advisers
Specialising in tax planning and compliance
Management accountants
Providing financial analysis and business advice
Forensic accountants
Investigating financial irregularities and fraud
WHY CECIL
Built differently.
Cover for the advice you give
Accountants face professional liability every time they sign off accounts or submit a return. Cecil finds insurers who understand accounting risks and cover them comprehensively.
Cyber cover for financial data
Accounting firms hold highly sensitive financial data. Cecil makes sure your policy includes cyber liability to cover breaches and their consequences.
Trusted by the profession
Cecil works with insurers experienced in covering accountants. Your policy meets the requirements of professional bodies and reflects the standards your practice upholds.
Straightforward comparison
Get options from specialist insurers to find accountants insurance from specialist providers. No generic business forms, just relevant questions about your accounting practice.
Common questions about accountants insurance
Do accountants need professional indemnity insurance?
Professional indemnity is essential for accountants. Most professional bodies require it as a condition of membership, and it protects you if a client claims your work caused them a financial loss.
What level of professional indemnity do accountants need?
Your professional body may set a minimum requirement.
Do accountants need cyber liability insurance?
Given the volume of sensitive financial data accountants handle, cyber liability is increasingly important. It covers the costs of a data breach, including notification, legal fees and regulatory fines.
Does accountants insurance cover tax filing errors?
Yes, professional indemnity covers claims arising from errors in tax returns or filings that cause your client a financial loss, including HMRC penalties.
Is public liability needed for accountants?
If clients visit your office or you visit client premises, public liability covers injury or property damage claims. It is a sensible addition to your professional indemnity.
Interested in Accountants insurance?
We will be in contact when Cecil launches.