Tax Advisers Insurance
Protect your tax advisory practice from claims of incorrect advice, HMRC penalties and client disputes with specialist professional cover.
Get in touchWhat is tax advisers insurance?
Tax advisers insurance is a specialist policy that protects tax professionals from the risks of advising clients on tax planning, compliance and HMRC enquiries. It typically includes professional indemnity, public liability and cyber liability.
If your tax planning advice is found to be flawed, or a return you prepared triggers penalties, professional indemnity covers the resulting claim and your legal costs.
Get options from specialist insurers to find policies from insurers experienced in covering tax advisory practices, ensuring your cover reflects the complexity and value of the tax work you carry out.
Professional Indemnity
Covers claims arising from incorrect tax advice, planning errors or filing mistakes.
Public Liability
Covers injury or property damage claims from clients visiting your office.
Cyber Liability
Covers data breaches involving sensitive client tax and financial information.
Employers Liability
Required by law if you employ staff, covering workplace injury and illness claims.
Who needs tax advisers insurance?
Independent tax advisers
Providing tax planning and compliance advice to individuals and businesses
Corporate tax consultants
Advising businesses on corporation tax and tax-efficient structures
R and D tax credit specialists
Helping businesses claim research and development tax relief
VAT specialists
Advising on complex VAT issues and partial exemption
Tax investigation advisers
Representing clients during HMRC enquiries and investigations
WHY CECIL
Built differently.
Cover for complex tax advice
Tax advice carries significant professional liability, especially for complex planning and cross-border matters. Cecil finds insurers who cover these risks.
HMRC enquiry defence
If your advice triggers an HMRC investigation, professional indemnity covers your costs and any resulting client claim. Cecil makes sure this is included.
Cyber cover for tax records
Tax advisers handle highly sensitive financial data. Cecil ensures your policy includes cyber liability to protect against breaches.
Competitive quotes for tax specialists
Get options from specialist insurers to find tax adviser insurance from specialist providers who understand the profession. Relevant cover, fair prices.
Common questions about tax advisers insurance
Do tax advisers need professional indemnity insurance?
Yes, professional indemnity is essential for tax advisers. If your advice leads to penalties, additional tax liability or HMRC enforcement, it protects you against the resulting claim.
Does tax advisers insurance cover HMRC penalties?
Professional indemnity covers claims from clients who incur HMRC penalties as a result of your advice or return preparation. It does not cover penalties imposed on you directly.
What level of professional indemnity do tax advisers need?
Most tax advisers carry between £250,000 and £2m. The right level depends on the value of the tax matters you advise on.
Do tax advisers need cyber insurance?
Tax advisers hold sensitive financial data that is attractive to cyber criminals. Cyber liability covers breach notification, investigation costs and regulatory fines.
Does tax insurance cover claims from R and D tax credit work?
Yes, professional indemnity covers claims arising from R and D tax credit advice and claims preparation if your work is found to be negligent.
Interested in Tax Advisers insurance?
We will be in contact when Cecil launches.