Accountants Professional Indemnity Insurance

For practicing firms of Accountants, Bookkeepers and Taxation Practitioners

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Professional Indemnity (PI) insurance is mandatory for Accountants and Taxation Practitioners to comply with their respective professional bodies. 

Professional Indemnity (PI) insurance is mandatory for Accountants and Taxation Practitioners to comply with their respective professional bodies. 

If your business provides professional advice, offers consulting services, or handles data for a client, then Professional Indemnity insurance cover could protect your business against:

 Professional negligence / Civil liability

 Defence costs

 Infringement of copyright or patent-pursuit

 Libel, slander & defamation

 The cost of avoiding a potential claim

 Representation costs for Disciplinary Hearings

 Loss of documents/data

 Compensation costs for court attendance

There are exceptions and limitations for every type of insurance cover. Aon will discuss any exclusions or limitations that may apply to your policy as part of your quotation process.

Aon is one of the UK’s leading brokers (ranked 3rd  by brokerage, Insurance Times, October 2020). We pride ourselves on our ability to build strong relationships with our clients; our retention rates* are proof of our strong rapport in this price driven market place.

*On average 83% of our clients choose to stay with us. (Accountants PI retention rate report Dec 2020


With Aon you will have:

  • The support of a dedicated client manager 
  • Support when making a claim
  • Access to insurance covers for businesses like yours 
  • The backing of an established global network
  • We can arrange policies compliant with the ICAEW, ICAS, ICAI, ACCA and other leading Accountancy bodies

84% of our clients are satisfied with the service that they receive from Aon (Aon Customer Satisfaction Survey, March 2021)

Eligibility 

Practicing firms of accountants, Bookkeepers and Taxation Practitioners.

  • Complete a proposal form and send it back to us by email at accountants@aon.co.uk

    Terms and conditions may apply

Frequently Asked Questions (FAQs) about PI insurance for the industry: 

What is Professional Indemnity insurance? 
Professional Indemnity insurance provides cover should a third party suffer a financial loss as a result of your professional error, omission or negligence. 

What limit of indemnity do I need? 
We recommend you check your institute’s guidelines. It is always good practice to review your contracts both pending and current to assess whether your limit of indemnity is sufficient. 

Will my policy cover my past work? 
The policies we arrange provide cover retrospectively, subject to policy terms and conditions.

Would my policy respond if I have a claim for work I undertook 3 years ago before I moved to Aon? 
Professional Indemnity is constructed on a claim made basis and it is the policy in force when the claim is made, which would respond regardless of when the work was undertaken, subject to policy terms and conditions.

How do I make claim?
In the event of a claim, notify your client manager who can guide you through the process as soon as possible.

Accountants Professional Indemnity insurance is arranged by Aon UK Limited which is authorised and regulated by the Financial Conduct Authority.

Get in Touch
If you would like to speak to us to discuss the options available to you please call on:

0124 5706 770

Monday - Friday: 9am - 5.30pm

Forms & Documents

In addition to arranging Professional Indemnity Insurance, we also offer access to a range of other insurance products including

Office Insurance

if you work at a business premises or at home

Find out more

 

  

Cyber Insurance

for professional firms

Find out more