We offer a range of insurance options, including public liability insurance, bookkeepers professional liability insurance, and management liability insurance. Insurance for accountants, bookkeepers, tax agents. Personal liability for the taxes can be imposed upon the person responsible for paying them to the government, including, in certain cases, a bookkeeper or payroll clerk. The information contained on this web page is general only and should not.
Bookkeeper professional liability insurance grace insurance. Public liability insurance is often an important cover for many businesses, as it can protect you if someone is injured or their property is damaged because of your business. Professional liability insurance for bookkeepers helps protect your bookkeeping business or consultancy from risks not typically covered by general commercial liability policies. Public liability insurance or pl covers you if you deal face to face with the public and cover your business if it causes injury or death to a member of the public or damage to their property and covers the compensation payments and legal fees associated with any claims. Accountants and bookkeepers insurance direct line for business. Professional indemnity and optional public liability.
Some policies exclude even the most basic of payroll duties from a bookkeepers pii. I was a bookkeeper for a private corp owned by 4 partners. Professional indemnity insurance is for businesses and professionals in fields where their customers, or other organisations may rely on their professional advice. Insurance for bookkeepers professional indemnity insurance. As public liability insurance specialists we offer a highly competitive quote and cover service for public liability insurance for the bookkeeper with full quotations containing all premium and cover information to help you make an informed choice what is public liability insurance for bookkeepers. From 1st july 2011, the tax practitioners board tpb requires all australian book keepers, tax agents and bas agents to purchase a minimal level of professional indemnity pi. General liability insurance protects recruiters against thirdparty claims of slander, property damage, bodily injury and associated medical costs. Professional indemnity insurance will generally indemnify the bookkeeper in the event that a claim is made against them for professional negligence. On the 20th of december, 2010 the chair of the tax practitioners board announced details of requirements for registered tax and bas agents to have professional indemnity insurance cover starting from 1 july, 2011. Liability insurance can also provide cover against punitive damages. Just as medical practitioners need malpractice insurance tailored to their risks, you need professional liability coverage for bookkeepers tailored to yours. It also covers any related legal fees, costs and expenses.
Learn more about general liability insurance costs for your business. Bookkeepers public liability insurance uk insurance from. Bookkeepers insurance professional liability insurance. The isure abn members combined liability insurance package, has been designed to protect bookkeepers like you. Apply to bookkeeper, full charge bookkeeper, office manager and more. Read more in the hartford business owners playbook. Compare quotes online to get the best deal but check the small print for any exclusions or excesses you may have to pay. Typical examples will be from a member of the public tripping and being injured because of a spill on a. Bookkeeper insurance professional indemnity markel. The information contained in this article is meant as a hypothetical guide only. Why consider professional liability insurance, how it works and the cost sometimes when youre contacted by a business owner looking fora a freelance bookkeeper for the first time, or if he or she has had a bad experience with a lessthancompetent bookkeeper, you will be asked if you have insurance. Apart from being the most sensible financial and legal decision for bookkeepers and bas agents, professional indemnity insurance is also an actual requirement in the industry. Professional indemnity insurance provides cover for both the cost of defending such claims, and for subsequent damages for which the policy holder is liable.
Accountants professional liability as an accounting professional, you may be committed to the accuracy and integrity of your work for your clients. Bookkeeper insurance quotes liability insurance for. Most policies cover you for incidents at your premises or offsite at events or activities organised by your company. Accounting businesses face risks like any other business. Insurance for accountants and bookkeepers hiscox uk. Liability insurance if something happens at your clients business that harms other people or their property, your client can be liable. As a bookkeeper you will be exposed to the possibility of claims being made against you by third parties i. Reliable insurance for accountants, bookkeepers and tax agents contractor cover can assist accountants, bookkeepers and tax agents to put in place the best possible insurance package. Accountants insurance public liability, professional. Additionally, by choosing office insurance some insurers also included public liability and professional indemnity cover as well. Professional indemnity insurance mitigates you against advice or work you.
The ime policy includes payroll services and then allows extension into the hr intermediary role discussed above. There are few levels of cover available to address your public liability insurance needs and we can provide cover options of. Learn the difference between the two and decide who may be best suited for your business accounting needs. The client turned out to be related to the friend, and the conversation got back to the client, who sued the bookkeeper for slander. Its for claims of physical damage to property and people. Employers liability insurance covers your business if an employee sues it for damages. When a risk is realized, having accountant insurance coverage beforehand can make all the difference. Bookkeeper insurance quotes liability insurance for bookkeeping. Specifically, the coverage protects you and your firm from financial losses resulting from claims of negligence, errors, or omissions while you are performing your professional duties. Policies can cover your legal liability in the event of injury to a client during the course of your work or property damage due to your negligence.
Public liability insurance this pays out in the event of a mistake by any of your business activities which causes injury or damage to a customer or member of the public. To what extent is a bookkeeper liable for the accuracy of the financial reporting. Bookkeeper insurance professional indemnity markel direct uk. Professional indemnity and optional public liability insurance for. A bookkeeper is not the same as an accountant, yet these two roles can easily be confused by some businesses. From 1st july 2011, the tax practitioners board tpb requires all australian book keepers, tax agents and bas agents to purchase a minimal level of. K as specialist brokers in the arrangement of public liability insurance, we are able to provide you with instant access to some of the best prices and products available, all with fully documented quotations detailing. Tradesman insurance tradesman insurance public liability insurance bricklayers insurance builders insurance carpenters insurance cleaners insurance electricians insurance gardeners insurance handyman insurance. To apply now for professional indemnity and public liability combined, click here. Public liability insurance is for when you go out and about on business, or have visitors to your office. Bear in mind that bookkeeper insurance is a requirement of some professional bodies, including the institute of certified bookkeepers icb, so if youre. Bookkeepers professional liability insurance quotes. So those are the main bookkeeping insurance products you should consider as life as a bookkeeper. Unfortunately, most commercial general liability policies exclude coverage for errors and omissions.
Bookkeepers professional indemnity insurance bizcover nz. Do bookkeepers need professional liability insurance. Learn more about protecting your financial business through the hartfords accounting insurance. You need to have pii in place before you apply for your practice licence for the first time, unless you are obtaining pii through icb preferred supplier, qdos. The public liability insurance can also include products liability insurance to protect you against claims made against you arising from the sale or supply of a product. Professional indemnity insurance covers the cost of defending your business against allegations of professional negligence such as giving your client incorrect or wrongful advice and if unsuccessful, the cost of damages awarded against you. Certificate of currency in your email inbox in minutes. Public liability insurance for bookkeeper ashburnham. Many businesses offering professional services to the public assume their general liability policy will cover claims arising out of the professional services. Focus insurance brokers can arrange on behalf of bas agents and bookkeepers, the following insurance cover.
Premises liability customers come into your accounting offices regularly. As an expert, others may seek legal action against you if they suffer a loss from your professional advice. Pi insurance insurance made easy is the icb broker of choice in preparation of professional indemnity insurance program. We can assist those bookkeepers and bas agents who require insurance cover for laptops and other portable equipment. Trafalgar risk management limited is a member of the british insurance brokers association. Bookkeepers public liability insurance blackfriars insurance. We provide bookkeepers public liability insurance in ireland and cover from our panel of specialist liability insurers and our own unique underwriting facilities. The package offers the flexibility to purchase professional indemnity insurance for bookkeepers and bas agents, with the option to add either public and products liability insurance andor directors and officers liability insurance. The bookkeeper public liability insurance policy protects you against claims in respect.
Accountants professional liability insurance travelers. For an accounting office, the primary sections of a business owners insurance policy includes electronic data protection, valuable papers coverage and employee dishonesty. At hiscox we offer customized bookkeeping liability insurance with coverage that is. As an accountant or bookkeeper, youre responsible for managing your clients financial affairs.
Liability insurance can help cover the cost of compensation that they might owe. Whether you are sole trader bookkeeper or run bookkeeping business you have come the smart place for suitable professional indemnity and public liability insurance. To what extent is a bookkeeper liable for the accuracy of. Public liability insurance public liability insurance is designed to cover claims as a result of injury or property damage caused by your business activities. Bookkeeping insurance pi insurance for bookkeepers. Get in touch today to learn more about the services we provide and how we can help. If you require general property insurance, please contact us. As public liability insurance specialists we offer a highly competitive quote and cover service for bookkeepers public liability cover with full quotations containing all premium and cover information to help you make an informed choice. Whether you are a bookkeeper, tax preparer or certified public accountant, you have potential exposures just by doing business. Business owners policy bop business owners insurance covers your business structures as well as the contents inside the office. Business insurance accountants, professional liability tax.
Apply to bookkeeper, customer service representative, administrative assistant and more. Whether they are there for tax season or as a regularly scheduled visit, additional traffic flow into and out of your business premises puts you at risk of. A pdf version of the icb bookkeeper insurance application form is available to. Accountant liability insurance is designed to help protect accounting professionals from business risk. Grove house, 55 lowlands road, harrow, middlesex, ha1 3aw. The tax practitioners board tpb has made it so since 2011 and with good cause professional indemnity insurance covers you against the risk of a client claiming damages. What is the bookkeeper employee liability level vs owner and cpa. Public liability insurance for a bookkeeper is available at reasonable prices. What is the bookkeeper employee liability level vs owner. Icb have worked with insurance made easy to create a policy relevant and costed to all bookkeepers, from those in sole practice just for themselves through to larger organisations with multiple employees providing services. Accounting insurance accountant insurance the hartford. Accountants and bookkeepers insurance direct line for. Employers liability protecting you against claims made against you in respect of your legal liability for death, disease or injury sustained by an employee during the course of. Bookkeepers bookkeepers professional indemnity and.
Insurance for bookkeepers, including professional indemnity insurance and public liability insurance. Public liability insurance protects your business against compensation claims and legal costs if you cause personal injury, death or property damageloss to a third party. Public liability insurance is another key cover, protecting you from compensation claims for injury or damage. Professional indemnity pi insurance for bookkeepers abn.
97 8 1313 1483 349 1068 1630 387 1163 1522 1284 1357 1493 632 1081 475 392 1353 36 1431 1 745 1298 513 829 388 862 1213 1375 819