Accountants Insurance Requirements
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FAQ
Professional indemnity insurance This cover is generally considered essential protection for accountants and is usually a requirement of your regulatory body or membership association.
Everyone's capable of making an error, so it makes good sense to have professional indemnity insurance for accountants. It protects you if a client claims your work doesn't add up and pays your legal expenses as well as any damages.
By taking out professional indemnity insurance for accountants, you'll have cover in the event that a third-party claim is made against you. It helps protect you from the legal costs involved if you should make a mistake, leave something out or provide incorrect advice.
A chartered accountant who is part of a reputable professional body like ICAEW will also be required to hold professional indemnity insurance.
Everyone's capable of making an error, so it makes good sense to have professional indemnity insurance for accountants. It protects you if a client claims your work doesn't add up and pays your legal expenses as well as any damages.