Finance & Accountants Insurance

It doesn’t matter what area of finance or accountancy you specialise in, if you give advice that results in a client incurring a financial loss, that client is going to want compensation. Very probably from you.

Unless you’re prepared to fund that compensation - and all the associated legal costs - out of your own resources, you really should have accountant professional indemnity insurance. And the good news is that you can be fully covered, at a highly competitive price, in literally just a matter of minutes. All you have to do is follow the link on this page. If you have any questions, just call our dedicated Helpline.

Committed to providing the best protection around, we have developed a range of specialist accountant insurance products, all underwritten by ‘AA’ rated insurers. So it really couldn’t be easier to get the peace of mind that only the right insurance for accountants can bring.

• Analysts
  Analysts provide their professional services to insurance and banking projects. Their responsibilities include appropriate data analysis, projections, financial modeling and to interview participants in client's marketplace. The Analysts play a vital role in consulting projects with broader responsibilities like management of client relationships. However, the profession of Analysts is prone to high risks of facing legal claims against the losses suffered due to their silly mistakes. Professional Indemnity Insurance for Finance & Accountants lends a helping hand to the Analysts in defending legal action against their professional life.
• Auditors
  As a part of their duties, Auditors collect data and analyze them to check deficient controls, fraud, extravagance and duplicated effort, non compliance with law or management policies. They send detailed audit results on findings and asset utilization report to the management. They recommend effective changes in financial activities and operations. They have to review data about net worth, material assets, capital stock, liabilities, surplus, income and expenditures. Finance & Accounts Insurance covers auditors' liability as a result of negligence and mistakes while rendering professional services. The policy compensates clients for the cost of omissions committed by auditors as well as legal costs.
• CFOs
  CFOs are responsible for all fiscal and financial management features of company operations. Holding the top financial position, they provide coordination and leadership in business planning, administrative, budgeting and accounting efforts of the business organization. Their tasks include overseeing all accounting practices of the company, financial reports, preparing budgets, tax and audit functions. Though the status of a CFO is a sign of meticulousness and authenticity, if some mistakes occur, the clients may legally claim for the damages suffered by them. Professional Indemnity Insurance for Finance & Accountants protects the CFOs when they allegedly fail to deliver services up to their standards due to commission of errors and omissions.
• Tax Specialists
  Tax professionals who provide consultancy services and professional advisory to clients have to keep themselves updated with latest tax legislation. They have to explain their clients in simple terms about the technical points involved in the legislation and also its tax implications. They create tax strategies and properly plan financial future of their clients by rendering advice on all taxation issues. Finance & Accountants Insurance is designed to protect tax professionals to defray legal expenses when their advice causes financial loss to the clients.
• Credit Controllers
  Credit controllers play a vital role in the company's credit control procedure. They are also responsible for development and implementation of credit control policy. It is their responsibility to effectively manage outstanding sales balances and contact clients for confirmation when their balances become due. Credit controllers set and also regularly monitor credit limits. Professional Indemnity Insurance for Finance & Accountants is specially designed to meet the insurance needs of credit controllers to cover the risk of their negligent services, error or omission.
• Financial Controllers
  Financial Controllers monitor the overall financial accounting functions of a company. They offer assistance in preparation and review of management reports. Their responsibilities include budgeting and planning, statutory audits, tax planning and internal controls. The position of Financial Controller is diversified and complex in nature and varies from one industry to another. Their professional services involve high risks and challenges. Finance & Accountants Insurance covers the risk of legal claims filed by the third party claimants against financial controllers.
• Payroll
  The duties of Payroll professionals involve compilation and posting of payroll data. They also compute production, commission and employee's time. They make computation and post wages as well as deductions. They prepare paychecks after deductions. They collect information for the computation from work tickets and worksheets. They are responsible for the timely payments to the employees. The risk of committing error is high on the payroll profession. Professional Indemnity Insurance for Finance & Accountants safeguards the interest of payroll professionals for their liability against clients in case they make claims for deficiency in services due to professional mistakes.
• Risk Analysts
  Risk Analysts manage the risk by identifying and analyzing potential risk areas threatening financial and other assets, success of organizations and earning capacity. It is their responsibility to predict change, forecast cost to organization and predict future trends. The risk analysts specialize in operational, regulatory, market and credit sectors. Some minor mistakes are likely to happen when they are tasked to manage credit and market risks on a daily basis. Finance & Accountant Insurance indemnifies the Risk Analysts to face the cost of incidental expenses claimed by complaining clients.
• Compliance
  The responsibilities and duties of Compliance professionals include development, initiation, maintenance and revision of policies for the smoother operation of compliance program and related activities and to avoid unethical, improper or illegal conduct. It is their responsibility to manage and monitor day to day operation of compliance program. It is also their duty to develop, update and review the standards of conduct and collaborate with various departments. While performing their duty, there is a chance of committing error or omission which may cost them heavily in the end. Professional Indemnity Insurance for Finance & Accountants covers such risks and legal cost of injury claimed by clients caused due to genuine and innocent flaw in the course of professional services rendered by compliance.
• Accountants (non ICA - ACCA)
  Accountants are backbone of any business organization. They analyze financial information by applying principles of accounting and accounting control procedures. They compile financial information to prepare financial reports, profit and loss statements, cost accounting and monthly closing reports. They maintain document business transactions as well as general ledger accounts. As errors and omissions are commonly expected in accounting procedure, Finance and Accountants Insurance protects Accountants by covering liability lawsuits caused by their professional activities.
• Financial Accountants (Non ICA - ACCA)
  Highly skilled Financial Accountants who have expertise in various areas provide financial guidance to their clients. They provide assistance on preparation and monitoring of budget, development of financial plans and render tax advice to their clients. Their responsibilities include collection and interpretation of information from financial data, updating managers with daily financial decisions and giving advice to the board of directors. During the discharge of professional services, some professional mistakes are bound to happen. For example, the figures provided by them may prove fallacious causing investors of the company to file complaints and claims. Finance & Accountants Insurance policy covers liability from such professional actions and guards the professional life of financial accountants.
• Management Accountants
  Management Accountants perform various fields of activities like budgeting, cost management, asset management and performance evaluation. By analyzing and interpreting financial information, they help the corporate executives to make strategic business decisions. They prepare financial reports for stock holders, regulatory agencies, tax authorities and creditors. With the complex taxation procedure and corporate laws Management Accountants are often vulnerable to lawsuits filed against their professional errors and omissions. Professional Indemnity Insurance for Finance & Accountants secures the interest of Management Accountants and covers their liability against claims filed as a result of losses suffered by third party or clients.
• Regulatory Reporting
  Regulatory Reporting professionals develop and maintain reliable and relevant accounting information as a part of decision making and management planning process. Their job includes compilation and review of periodical regulatory reports. As a part of a team, the role of Regulatory Reporting professionals involves review and verification of consistency across external reporting requirements. Though mistakes are rare in this profession, they may prove costly when the clients complain to seek their rights. As an anticipatory and precautionary step, it is essential for the Regulatory Reporting professionals to take a Finance & Accountants Insurance policy, to protect themselves from the financial effects of their acts of negligence.
• Treasury
  A Treasury professional has a responsibility of managing funding program, issue of new securities, manage outstanding transactions, support investor relations and develop new asset classes. It is also the duty of treasury professionals to oversee preparation of service reports and arrange for funds transfer. They provide expert instructions and oversee reconciliation of funds. To perform these tasks they have to coordinate with various departments. However, some mistakes are likely to occur due to acts of negligence, straightforward error or omission. Professional Indemnity Insurance for Finance & Accountants safeguard the interests of Treasury before their clients and prevents stressful and expensive litigation.
• Financial Directors
  Financial Directors provide effective financial management services and expert advice to trustees. Their duties and responsibilities include preparation of financial reports and budgets, balance sheets, income statements, tax returns and regular reports for regulatory agencies. They adopt appropriate financial strategy and provide guidance to achieve the company objectives. Though they discharge their duties diligently, some eventualities are bound to happen that may even cripple their business. Professional Indemnity Insurance for Finance & Accountants is the best solution to address the issue of professional liability towards clients and settle claims made for their innocent mistakes.
• Chief Financial Officers
  Chief Financial Officers
• Administration
  Administration professionals discharge a gamut of important responsibilities which include recruitment and selection, performance appraisal, training and development, employee welfare, employee retention, liason and statutory compliance with Government officials. Administration activities also include housekeeping, maintenance, travel and ticketing, security and looking after routine office activities. In the present volatile industrial scenario, the job of Administration professional has become more challenging as even a minute step has a chance of leading to a huge claim against the Administrator, amounting to financial loss. Finance & Accounts Insurance is specially designed to save the Administration from such unforeseen eventuality and to meet the legal expenses to defend cases filed by claimants.
• Tax Consultancy
  Freelance Consultants
• Financial Consultancy
  Financial Consultancy