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Insurance for Bookkeepers, BAS & Tax Agents

Limited time 3 months FREE COVER* 
$350 $82 Public Liability Cover for Sole Traders

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*Pay for 12 months and get covered for 15 months

Why do Bookkeepers, BAS & Tax Agents need it?

Apart from being the most sensible financial and legal decision for Bookkeepers and Tax Agents, Professional Indemnity insurance is also an actual requirement in the industry.

The Tax Practitioners Board (TPB) has made it so since 2011 and with good cause – Professional Indemnity Insurance covers you against the risk of a client claiming damages. Your professionalism and service often isn’t enough to protect against these claims so that’s why it is key you have cover.

Your coverage should be based on turnover – just see the handy guide below. There is a minimum requirement for coverage as well as other risk-driven factors to consider. It may seem complicated but BizCover makes it simple with direct quote comparisons delivered in seconds.

From 1st July, 2011, the Tax Practitioners Board required BAS Agents to have Professional Indemnity (PI) insurance. Professional Indemnity insurance coverage helps to reduce the risk that an Agent will be made liable for a client’s losses, due to the conduct of the Agent in the provision or failure to provide services.

Professional Indemnity for Bookkeepers and BAS Agents
Tier Turnover from the provision of BAS services Minimum aggregate amount of cover*
1 Up to $75,000 (excluding GST) $250,000 cover inclusive of legal and defence costs
2 $75,001 – $500,000 (excluding GST) $500,000 cover inclusive of legal and defence costs
3 Over $500,000 (excluding GST) $1,000,000 cover inclusive of legal and defence costs

*Please note that what is an appropriate amount of cover for an agent may in fact be more than what is set as the minimum requirement.

What are the risk factors?

3 things to consider when purchasing a Professional Indemnity policy:

Find a provider that:
  1. Understands the coverage needs of Bookkeepers, BAS & Tax Agents.
  2. Is recognised by the Tax Practitioners Board.
  3. Consider a policy that offers unlimited retroactive cover to protect you for all past work

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Our Bookkeepers, BAS & Tax Agents Reviews

124.75
Registered Tax Agents D Hyland 2014-03-21 As I was not sure what cover I needed to be able to apply for my tax license, when I phoned the gentleman I spoke with put my mind at ease and helped me choose the right cover 5
Registered Tax Agents B VALAVI 2014-03-21 easy to compare different company's offer 5
Registered Tax Agents N Peng 2014-02-25 very easy to use 5
Registered Tax Agents P Hyman 2014-02-04 Very easy to use; good, clear email instructions to utilise. Policy renewal was very easy and all documentation with me quickly. 5
Registered Tax Agents K SU 2014-01-28 efficient call centre service. thanks. 4
Registered Tax Agents K Hayek 2013-11-01 very user friendly service. I was able to renew online in few minutes. regular reminders are appreciated 5
Registered Tax Agents E Issa 2013-10-29 no complaints, all good 4
Registered Tax Agents K Pryor 2013-10-25 EXCELLENT SERVICE AND FACILITIES. VERY MUCH APPRECIATED IN THE BUSY WORLD THESE DAYS. WOULD RECOMMEND TO ANYONE TO USE THEIR FACILITIES. THANKS AGAIN. 5
Registered Tax Agents J Vecchio 2013-10-24 Best rates and easy to navigate the website :) 5
Registered Tax Agents J Frank 2013-10-24 Experienced no problems 5
Registered Tax Agents J Webster 2013-10-24 Very easy 5
Registered Tax Agents B Choo 2013-10-24 Good service 4
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