📊 Accountant
Leo compares the UK market and picks the best PI cover for accountants. £1M cover, instant activation.
As a accountant, you provide expert advice and services that your clients depend on. If something goes wrong, a mistake, an oversight, or even a misunderstanding, your client could claim you caused them a financial loss. Professional indemnity insurance covers the legal costs of defending yourself and any compensation you might need to pay.
Common risks for accountants include tax filing errors, financial misstatements, regulatory penalties, audit failures. Even careful professionals face claims from misunderstandings or unrealistic client expectations. PI insurance gives you the confidence to do your best work knowing you are protected.
Regulatory requirement: ICAEW/ACCA requires all practising accountants to hold professional indemnity insurance.
Most accountants opt for £1M of cover. The right level depends on the size of your projects, your annual revenue, and any contractual requirements from your clients. Many enterprise clients require at least £1M of PI cover as a condition of working together.
Accountant PI insurance starts from £15/mo for £1M of cover. The exact price depends on your annual revenue, claims history, and the specific services you provide. Leo compares prices from across the market to find you the best deal.
Accountant PI insurance starts from £15/mo for £1M cover. Your exact price depends on revenue, claims history, and cover level.
ICAEW/ACCA requires all practising accountants to hold professional indemnity insurance.
PI insurance for accountants covers claims arising from tax filing errors, financial misstatements, regulatory penalties, audit failures. It pays for legal defence costs and any compensation awarded.