If you operate your own accountants business, there are a few types of insurance you may need to protect your business. In our opinion, the most basic form of insurance required is Professional Indemnity Insurance. This can protect you and your business if a client alleged your services or advice caused them financial loss. In addition to Professional Indemnity Insurance, accountants may also need other forms of cover. If your work involves dealing with any members of the public, you might also need Public Liability Insurance. Business Insurance is also a good option if you operate out of a physical business premises. If you use the internet for any part of your work, or store any client data, you may be susceptible to cyber threats so Cyber Insurance might also be of interest to you.
Professional Indemnity insurance
No-one understands your specific business risks like Aon. Proudly helping protect over 3000 Accountants, Bookkeepers and Tax Agents, we negotiate with leading insurers to offer tailored professional indemnity insurance - at a competitive price.
Designed specifically for public accounting practices with fewer than 20 employees and generating less than $2 million annually, our insurance policies help to keep your business safe.
We’ve recently updated our policy selections to ensure your accountancy business benefits from some of the best-value premiums in the market. We cover a wide range of Accountants working in Public Accounting Services, including Accounts Preparation, Chartered Accountants, Taxation, Auditing, Insolvency, Mergers and Acquisitions, Business Valuations and Management Consulting.
We also offer Professional Indemnity insurance for Bookkeepers.
We help cover all the essentials
Select cover from $1m to $20m to help protect against legal costs and claims for damages to third parties arising from an act, omission or breach of professional duty in the course of your accountancy business.
We can protect your business against loss of money as a result of employee theft, fraud or dishonest activity.
Unlimited automatic reinstatement
If a claim amounts to your cover maximum, we’ll automatically reinstate your cover value – every time.
If you retire or leave the profession, our policy will still cover you for claims relating to incidents that occurred when you were working.
Cost exclusive excess
If a claim is made against you and it turns out not to be your fault, you don’t have to pay the excess.
Cost exclusive limits
We pay all your defense costs, even if your claim reaches the maximum of your indemnity.
Employment practices liability
Rest assured with cover for employment disputes such as unfair dismissal or breaches of employment contracts.
Vicarious liability cover
If you engage contractors or subcontractors, we’ll cover you against any claims arising from their errors or omissions.
Insurance for Australians
Aon Accountancy Insurance provides cover across the whole of Australia including NSW, Western Australia, QLD, Northern Territory, South Australia, Victoria and ACT. Regardless of where you live in Australia you can get cover through Aon.
If you’d like to discuss your insurance needs or if you are an existing customer, call us on 1300 133 255 between 8.30am and 5pm, Monday to Friday.
Business Insurance is designed to protect your business and its assets against liability and unexpected events. For example, if a fire damaged your office and you were no longer able to host clients on the premises, it can include cover for the cost to repair the damage. It can also include public liability, and coverage for financial loss you incur from not being able to operate due to an insured event.
Professional Indemnity Insurance for Accountants is arranged by Aon on behalf of Chubb Insurance Australia Limited, ABN 23 001 642 020 AFSL 239687. If you purchase this insurance, Aon will receive a commission that is a percentage of the premium. Please let us know if you would like any further information.