Why do Accountants need Professional Indemnity (PI) Insurance?
As an Accountant, people put their trust in you and expect you to know the numbers; this is why at Black and White we understand you need an insurance policy you can trust in, to protect you if things don’t quite add up.
Professional Indemnity Insurance for Accountants is an essential insurance policy protecting you in the event you make a mistake whilst undertaking work for a client that causes them financial loss.
A mistake or miscalculation, although easy to make could have a devastating effect. Imagine you’re under pressure to meet a deadline and make a typing error on a client’s tax return. This one simple error could result in your client being fined for providing false information and subsequently lead to a claim being made against you for negligence, especially in more serious cases.
Here at Black and White we have years of experience in the insurance industry providing competitive insurance to a range of professional trades. We work with leading underwriters to provide professional indemnity insurance which can protect you against a number of claims.
Our Professional Indemnity insurance policies can also cover other financial service trades including; bookkeeping, financial and tax consultants and payroll professionals. Professional indemnity is there to protect you against claims made against you by your client due to issues with work you have undertaken for them.