Congratulations on your new company. For accountants, here's the covers you'll want to have:
1. Office insurance package - it's good that you've already got this, as it covers a wide range of common risks that office-based businesses need to cover, e.g. fire, public liability, etc.
2. Professional indemnity insurance - this is absolutely critical for accountants. If you make mistakes in your accounting work, you can be held legally liable by your clients for negligence, errors and omissions. If you're sued, the cost of a lawsuit is going to be massive.
Professional indemnity insurance protects you from liability for professional services you provide. It pays for lawyer's fees, and damages awarded by the court, protecting your business from having to foot these costs out of your own pocket.
Get instant online quotes for Professional Indemnity Insurance now, from just $42/month.
Congratulations on your new company. For accountants, here's the covers you'll want to have:
1. Office insurance package - it's good that you've already got this, as it covers a wide range of common risks that office-based businesses need to cover, e.g. fire, public liability, etc.
2. Professional indemnity insurance - this is absolutely critical for accountants. If you make mistakes in your accounting work, you can be held legally liable by your clients for negligence, errors and omissions. If you're sued, the cost of a lawsuit is going to be massive.
Professional indemnity insurance protects you from liability for professional services you provide. It pays for lawyer's fees, and damages awarded by the court, protecting your business from having to foot these costs out of your own pocket.
Get instant online quotes for Professional Indemnity Insurance now, from just $42/month.