Accountants Professional Indemnity Insurance

For practicing firms of Accountants, Bookkeepers and Taxation Practitioners

Get in touch

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 
  • Representation Costs for Disciplinary Hearings 
  • Loss of Documents / Data 
  • Compensation Costs for Court Attendance 
  • Libel, Slander & Defamation

Aon is one of the UK’s largest insurance brokers (ranked 3rd by brokerage, Insurance Times, August 2018).

Key Benefits

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.

You'll be assigned a dedicated client manager
who will be there to assist you from start to finish throughout the customer journey.

Our experience as a broker means we can be confident in our ability
to arrange your professional indemnity insurance as well as motor, cyber and office.

We consider ourselves specialists in your sector
we understand the finance industry and appreciate the challenges as an accountant you may face.

We have a wealth of experience
cumulatively our team has over 25 years' experience.

If your fee income is under £500k
we can quote over the phone, there's no need to submit a proposal form.

On average 91% of our clients choose to stay with us.(Accountants retention rate year to date Dec 2018.)

The below Product Summary provides an overview of the policy cover and the Forms & Documents section provides the documents you will need to obtain a quote. 

Product summary 

  • Compliant with Professional Body Minimum Terms 
  • Compensation Costs for Court Attendance 
  • Free Legal Helpline 
  • Representation Costs for Disciplinary Hearings 
  • Civil Liability 
  • Mitigation Costs 
  • Awards by Ombudsman 
  • Libel, Slander & Defamation 
  • Defence Costs 
  • Loss of Documents / Data 

Eligibility

Practicing firms of Accountants, Bookkeepers and Taxation Practitioners. 

Fee income under £500k - get a quote over the phone, call 0124 5706 770
Fee income over £500k - complete a proposal form and send it back to us by email at accountants@aon.co.uk

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 PI insurance for accountants policies we arrange provide cover retrospectively.

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 Aon's Claims Solutions (ACS) team as soon as possible. Any notifications must be made to:

Aon's Claims Solutions
PO Box 730
Redhill
RH1 9FH
Call: 0207 086 4099
Email: acs@aon.co.uk 

N.B. If you decide to email your claims notification to ACS, please ensure that the message is received safely by requesting a confirmation of email receipt.

Accountants Professional Indemnity insurance is arranged by Aon UK Limited and underwritten by Maven Underwriters, which is a Managing General Agent operating under a delegated underwriting authority on behalf of the insurer’s . Maven Underwriters is a trading name of Aon UK Limited, which is authorised and regulated by the Financial Conduct Authority.

Get in Touch
for firms with a fee income under £500k we can quote over the phone

Call us now on 0124 5706 770

Monday - Friday: 9am - 5.30pm

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

Motor Insurance

for work or private vehicles

Find out more

Office Insurance

for if you work at business premises or home

Find out more

Cyber Insurance

for professional firms

Find out more