Professional Indemnity Insurance for Accountants
FROM ONLY £61 per year, that is just 17p PER DAY*.

When it comes to your insurance, let us take care of your numbers

Policy features

  • Up to £5 million worth of cover available

  • Experienced PI broker with access to unique UK insurer schemes

  • Dedicated customer service and support from a UK-based contact centre

  • Monthly instalments available*

  • Public & Employer’s Liability Extension

  • Instant Policy Documents

Accountants Calculator | Professional Indemnity insurance for Accountants | Black & White
*We offer a direct debit payment plan, subject to a minimum premium of £150 including the initial deposit.

Professional Indemnity Insurance for Accountants

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PROFESSIONAL INDEMNITY INSURANCE
FROM ONLY £61 per year, that is just
17p PER DAY*.

Quick, Simple, Hassle-free

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*Based on an accountant rated in category A. For a limit of indemnity of £50,000 on an Aggregate Claims made basis, Premium includes IPT at the current rate and are for firms with fees up to and including £50,000 and trade risks/contractors with turnover up to and including £500,000

Professional Indemnity Insurance for Accountants
FROM ONLY £61 per year, that is just 17p PER DAY*.

When it comes to your insurance, let us take care of your numbers

Policy features

  • Up to £5 million worth of cover available

  • Experienced PI broker with access to unique UK insurer schemes

  • Dedicated customer service, support with a UK based contact centre

  • Monthly instalments available*

  • Public & Employer’s Liability Extension

  • Instant Policy Documents

Accountants Calculator | Black & White Insurance
*We offer a direct debit payment plan, subject to a minimum premium of £150 including the initial deposit.

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.

FAQs

What are the risks for Accountants?

No matter how good you are with numbers, one tiny miscalculation or mistake can cause numerous problems – and if those problems result in a financial loss to your client, you could be held responsible.

As an Accountant, giving incorrect advice, making a mistake or miscalculation, infringement of intellectual property rights, stolen, damaged or lost documentation are risks you face on a daily basis.

A professional indemnity policy would protect you in these instances, safeguarding both your reputation and livelihood whilst ensuring that you won’t lose any money.

Can Accountants work without insurance?

In the case of Accountancy, Professional Indemnity insurance is not a legal requirement however if you are part of a trade association you may be obligated due to their rules and regulations to have the appropriate indemnity insurance in order to operate or hold chartered status.

You may also find that most public bodies will require you to have the appropriate insurance in place before they award you with contracts.

If not a statutory requirement of your industry, Professional Indemnity is a very important investment for your business to protect you against claims from clients who may suffer a financial loss as a result of errors you unknowingly make.

So whether you’re filing a tax return, or balancing the books it is essential to protect yourself and your livelihood.

How much does Accountants Professional indemnity insurance cost?

The price of Professional Indemnity Insurance for Accountants depends on a number of different risk factors including but not limited to, the level of indemnity your business requires, the type of work you undertake and whether or not you’ve had claims brought against you previously.

Professional Indemnity Insurance, Quick, Simple, Hassle-free