Insurance for Bookkeepers and BAS Agents
Professional Indemnity that meets Tax Practitioners Board (TPB) requirements
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What does bookkeeping insurance cover?
Bookkeeper insurance is designed to cover your business, finances, and professional reputation. It can help manage the cost of common industry risks, such as:
- Claims of negligence
- Mistakes, errors, or omissions in your work
- Cyberattacks and data breaches
- Lost or damaged records
- Accidental client injury or property damage
BizCover understands the insurance needs of bookkeepers and BAS agents. Get tailored cover in minutes, including Professional Indemnity insurance that meets TBP requirements.
Why do bookkeepers need insurance?
Bookkeepers must have minimum levels of Professional Indemnity (PI) insurance to register with the TPB. PI and Public Liability insurance may also be required under contract when you work with some clients.
Everyday activities—such as giving financial advice, handling sensitive client data, using online reporting tools, and meeting clients in person—can put bookkeepers at risk. Insurance can help you manage the cost of common claims and lawsuits, so you’re not left paying out of pocket.
Meet Tax Practitioners Board (TPB) requirements
Work with specific clients
Pay legal costs if you face a professional negligence claim
Recover after a cyberattack
How much Professional Indemnity insurance are bookkeepers and BAS agents required to have?
Professional Indemnity insurance is an industry requirement for bookkeepers and BAS agents. The Tax Practitioner Board (TPB) sets minimum insurance levels for registered professionals based on the services they provide.
Registered tax agents and BAS agents
| Tier | Business turnover (exc. GST) | Minimum aggregate amount of cover (inclusive of level and defence costs)* |
|---|---|---|
| 1 | Up to $75,000 | $250,000 |
| 2 | $75,001 – $500,000 | $500,000 |
| 3 | Over $500,000 | $1,000,000 |
Registered tax agents with a tax (financial) advice services condition
| Tier | Business turnover (exc. GST) | Minimum aggregate amount of cover (inclusive of level and defence costs)* |
|---|---|---|
| 1 | $2,000,000 or less | $2,000,000 |
| 2 | Over $2,000,000 | Equal to actual or expected revenue from tax (financial) advice services (up to a max of $20,000,000 |
What types of insurance do bookkeepers and BAS agents need?
Bookkeepers must have Professional Indemnity insurance to meet TPB registration requirements. We offer a broad range of cover options for bookkeepers and BAS agents at competitive rates.
Basic bookkeeper insurance
Additional bookkeeping insurance
Let’s cover your small business on the go
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How much does bookkeeper insurance cost?
Business insurance for bookkeepers costs $37 per month*.
Factors influencing cost
Risks of the industry
Cover level amount
Annual Turnover
Number of Employees
Claims History
*BizCover’s Customer Average Monthly Payment Report is based on 1 July 2024 to 30 June 2025 and presented as a guide only. It may not reflect pricing for your particular business, as individual factors will apply.
Get flexible cover to match your needs
BizCover offers policy options to suit growing businesses, from sole traders to those with higher capacity. Choose Professional Indemnity up to $10 million, Public Liability up to $20 million, and Cyber Liability up to $2 million.
Unsure how much to choose? Think about:
Statutory Profession Requirements
Cover required by contracts
Number of employees being covered
Your contract value
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to over yourself, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
Factors influencing cost
Risk of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
*BizCover’s Customer Average Monthly Payment Report is based on 1 July 2024 to 30 June 2025 and presented as a guide only. It may not reflect pricing for your particular business, as individual factors will apply.
Get flexible cover to match your needs
BizCover offers policy options to suit growing businesses, from sole traders to those with higher capacity.
Choose Professional Indemnity up to $10 million, Public Liability up to $20 million, and Cyber Liability up to $2 million.
Unsure how much to choose? Think about:
Statutory professional requirements
Cover required by contracts
Number of employees being covered
Your contract value
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to over yourself, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
How It Works – Buying Online
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How To Make a Claim Online
We’ll assist you through the claims process & manage the claim directly with the insurer.
Let us know Fill out our
claims form and provide info
to support the claim
Receive extra support We
will assist you with your claim
Claim results We will notify
you of the claim outcome.
3 steps to get your biz insured:
- Let us know
Fill out our claims form and provide info to support the claim.
- Receive Extra Support
We’ll assist you with your claim.
- Claims Results
We’ll notify you of the claim outcome.
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See How Much Other Bookkeepers & BAS Agents Have Saved By Purchasing a Policy Through BizCover
Jessica
Bookkeeper from
VIC
Saved
$400
on
Professional Indemnity insurance
Brooke
Bookkeeper from
QLD
Saved
$200
on
Professional Indemnity insurance
Lisa
Bookkeeper from
VIC
Saved
$300
on
Professional Indemnity insurance
^Savings made from February to August 2025. This information is provided as a guide only and may not reflect pricing for your particular business, as individual underwriting criteria will apply.
Frequently asked questions
Yes. The Tax Practitioners Board requires registered BAS agents and bookkeepers to have minimum amounts of Professional Indemnity insurance. The amount of cover you will need depends on your business turnover and the services you provide.
Yes. Freelance, self-employed, and sole trader bookkeepers and BAS agents must have Professional Indemnity insurance if they are registered with the Tax Practitioner’s Board.
Freelance bookkeepers may face many of the same risks as a larger accounting practice, from negligence claims from unhappy clients to cyberattacks and accidental injuries. Professional Indemnity and other types of insurance can help sole trader, freelance, and self-employed bookkeepers cover the cost of these risks and more.
Yes. Bookkeepers who operate their business from a home office are required to have Professional Indemnity insurance to register with the TBP.
Working from a home office does not mean your bookkeeping service is low risk. You may still need other types of insurance, such as Public Liability or Cyber Liability, to help address common industry risks.
Our insurance partner Vero has a special offer for bookkeepers: Purchase 12 months of Professional Indemnity insurance, and you’ll be covered for 15 months†! Simply get a quote online or over the phone and choose a Vero Professional Indemnity policy at checkout
†Applicable only for new eligible policies. Valid only when purchasing Vero Professional Indemnity through BizCover.com.au and our AU direct call centre. This is general information only. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording and there are no guarantees for pricing for individual risks. Cannot be used in conjunction with any other offer.
Hear from our customers
Best services ever.
Fridah M, Bookeeper
Customer Service was great, very helpful and explained what some questions meant. Biz Cover was able to cover all 3 policies i needed as a sole trader, so i can have them all under one roof & keep track of them easily.
Hannah J, Bookkeeper
It was awesome that the consultant guided me through the process as I was struggling to understand the online form .I thank him for his assistance.
Michelle O, Bookkeeper
Nothing to improve; this was an excellent process.
Lisa B, Bookkeeper
Real-life customer reviews verified by Feefo