Professional Indemnity
Covers legal defense costs and client settlement damages arising from professional advice, tax preparation or accounting errors.
Specialist Insurance · Professional Services
Accountants Insurance
Insurance for Accountants & Accounting Practices
Accountants handle financial information, provide professional advice and work with confidential client records. A mistake, allegation or cyber incident can create significant risks for an accounting practice. At Ideal Insurance Brokers, we look at your services, clients, staff and business operations before comparing suitable insurance options.
Access across leading Australian insurers and underwriting agencies, including:
Accounting Practice Protection
Managing financial advice & confidential client risks.
From tax returns and audit reviews to corporate restructuring and BAS filings, accounting practices handle sensitive client data and high-stakes financial calculations. We help accountants compare insurance programs tailored to the size and activities of their practice.
100+
Underwriters
98%
Claims Success Rate
15-25%
Premium Savings
4.9
Google Review Rating
Common Covers
Essential covers for accountants & bookkeepers.
Public Liability
Protects against third-party claims for property damage or injury occurring at your accounting offices or client premises.
Cyber Insurance
Protects confidential financial records, client tax files and practice software against ransomware, data breaches and phishing attacks.
Business Insurance
Covers practice premises, office fit-outs, computers, servers and loss of revenue resulting from an insured business interruption.
Management Liability
Protects partners, directors and practice entities against statutory fines, OH&S inquiries and employment practice allegations.
Personal Accident & Sickness
Provides vital income replacement if an unforeseen illness or accident prevents you from operating your accounting practice.
Who We Help
Accounting practices we insure across Australia.
Common Risks
Risks facing modern accounting practices.
Professional Advice or Errors
Inaccurate calculations, overlooked deductions or flawed tax advice leading to client financial loss.
Client Claims & Disputes
Disagreements over contractual deliverables, audit findings or missed filing deadlines.
Loss of Confidential Information
Unauthorised disclosure, accidental leaks or theft of client tax and banking information.
Cyber Incidents & Extortion
Ransomware encryption of client databases or email account compromise targeting trust funds.
Damage to Business Property
Fire, storm, flood or burst pipes damaging practice computers, records and office fit-out.
Employee-Related Issues
Unfair dismissal, harassment or discrimination claims brought against the practice entity.
How We Help
Dedicated broker support for your accounting practice.
Premium Factors
How is accountant insurance cost calculated?
- 01
Turnover & Client Mix
Annual fee income and the proportion of public, corporate or high-net-worth clients.
- 02
Services & Advice Scope
Standard tax compliance carries different rating compared to audit, insolvency or M&A advisory.
- 03
Staff Numbers & History
Headcount of qualified accountants, administrative staff and prior claims record.
- 04
Professional Indemnity Limit
Required policy limits ($1M, $2M, $5M or $10M) and selected excess thresholds.
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Frequently Asked Questions
Yes. Professional Indemnity covers defense costs and client compensation claims arising from professional advice or services, subject to policy terms.
Cyber cover can be arranged to protect against ransomware, phishing fraud, data breach notification expenses and third-party liabilities.
Yes. Cover is readily customized based on the size, staff count and specific service activities of the practice, from sole practitioners upward.
Talk to an Insurance Broker
Tell us about your accounting practice and we’ll help you compare suitable insurance options.