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Insurance for Bookkeepers & BAS 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 Agents need it?

Apart from being the most sensible financial and legal decision for Bookkeepers and BAS 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 Bookkeepers and 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
TierTurnover from the provision of BAS servicesMinimum aggregate amount of cover*
1Up 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
3Over $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 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 Agents Reviews

124.75
Registered Tax AgentsD Hyland2014-03-21As 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 cover5
Registered Tax AgentsB VALAVI2014-03-21easy to compare different company's offer5
Registered Tax AgentsN Peng2014-02-25very easy to use5
Registered Tax AgentsP Hyman2014-02-04Very easy to use; good, clear email instructions to utilise. Policy renewal was very easy and all documentation with me quickly.5
Registered Tax AgentsK SU2014-01-28efficient call centre service. thanks.4
Registered Tax AgentsK Hayek2013-11-01very user friendly service. I was able to renew online in few minutes. regular reminders are appreciated5
Registered Tax AgentsE Issa2013-10-29no complaints, all good4
Registered Tax AgentsK Pryor2013-10-25EXCELLENT 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 AgentsJ Vecchio2013-10-24Best rates and easy to navigate the website :)5
Registered Tax AgentsJ Frank2013-10-24Experienced no problems5
Registered Tax AgentsJ Webster2013-10-24Very easy5
Registered Tax AgentsB Choo2013-10-24Good service4
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