Accountants Professional Indemnity Insurance
For practicing firms of Accountants, Bookkeepers and Taxation Practitioners.
Professional Indemnity (PI) insurance is mandatory for many professions, especially those in the financial services sector.
As an Accountancy firm you provide professional advice, offer consulting services, and handle data for clients, so professional indemnity insurance cover could protect your business against:
- Professional negligence/civil liability
- Defence costs
- Infringement of copyright or patent-pursuit
- Libel, slander and defamation
- The cost of avoiding a potential claim
- Representation costs for disciplinary hearings
- Loss of documents/data
- Compensation costs for court attendance
There are exceptions and limitations for every type of insurance cover. We will discuss any exclusions or limitations that may apply to your policy as part of your quotation process.
Accountants’ Professional Indemnity insurance is arranged by Aon UK Limited which is authorised and regulated by the Financial Conduct Authority.
Why Choose Aon?
As one of the UK’s leading insurance brokers (Ranked top 5 by brokerage, Insurance Times, October 2022), we pride ourselves on our ability to build strong and enduring relationships with our clients; 92% of our clients are satisfied with the service that they receive from Aon (Aon Customer Satisfaction Survey May 2023).
It is our mission to help you better manage your risks so you can focus on running your business. We understand your industry and the challenges you face and can arrange insurance cover especially developed for Accountants that helps you to make better business decisions.
We have multiple routes to insurer markets and we are the only broker with access to Hiscox insurance’s enhanced professional indemnity offering for Accountants.
With Aon you will have
- The support of a dedicated client manager to provide advice and help you arrange your insurance cover
- Access to Hiscox enhanced professional indemnity product
- Support when making a claim
- Access to insurance covers for businesses like yours
- The backing of an established global network
- We can arrange policies compliant with the ICAEW, ICAS, ICAI, ACCA and other leading accountancy bodies
In addition to arranging PI insurance, we also offer access to a range of other insurance products including:
- Office insurance (If you work at a business premises or at home)
- Cyber insurance (for professional firms)
Policy & Documentation
__Eligibility __
Practising firms of accountants, bookkeepers and taxation practitioners.
Complete a proposal form and send it back to us by email at [email protected]
Terms and conditions may apply
FAQs
Frequently Asked Questions (FAQs) about Professional Indemnity insurance for Financial Advisers.
What is Professional Indemnity insurance?
Professional Indemnity insurance provides cover should a third party suffer a financial loss as a result of your professional error, omission or negligence.
What limit of indemnity do I need?
We recommend you check your institute’s guidelines. It is always good practice to review your contracts both pending and current to assess whether your limit of indemnity is sufficient.
Will my policy cover my past work?
The policies we arrange provide cover retrospectively, subject to policy terms and conditions.
Would my policy respond if I have a claim for work I undertook three years ago before I moved to Aon?
Professional indemnity is constructed on a claims made basis and it is the policy in force when the claim is made, which would respond regardless of when the work was undertaken, subject to policy terms and conditions.
How do I make a claim?
In the event of a claim, notify your Aon client manager who can guide you through the process as soon as possible.
FP.PSG.622.SEC