Insurance for Bookkeepers & BAS Agents
Meets requirements of the Tax Practitioners Board (TPB)
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What is bookkeepers’ insurance?
Bookkeepers’ insurance (the many types of business insurance available to bookkeepers & BAS agents) helps you manage the cost of different risks, such as incorrect advice, theft, and cyberattacks.
Bookkeepers and BAS agents face many everyday risks—from errors in their work and professional negligence claims to a cyberattack and accidental property damage.
Business insurance could help you manage these risks (and more), while Professional Indemnity for BAS agents and bookkeepers helps you meet industry requirements.
Why do bookkeepers need insurance?
Bookkeepers & BAS agents may need business insurance to obtain a professional license and meet contractual obligations.
Meet Tax Practitioners Board (TPB) requirements
Work with specific clients
Pay legal costs if you face a professional negligence claim
Recover after a cyberattack
What types of insurance do bookkeepers and BAS agents need?
We offer a range of insurance options to cover your business and professional reputation. Create an insurance package that meets your business needs and buy online in minutes.
Popular cover for bookkeepers & BAS agents:
Bookkeepers & BAS agents may also consider:
Let’s cover your small business on the go
Start a quote to see how much you can save and buy online in minutes.
How much does bookkeepers & BAS agents’ insurance cost?
The average cost of business insurance for bookkeepers & BAS agents is $35 per month* with BizCover. However, the amount you pay will depend on factors such as the services you provide and the size of your business.
Factors influencing cost
Risks of the industry
Cover level amount
Annual Turnover
Number of Employees
Claims History
*Customer Average Monthly Payment Report is based on 1 July 2023 to 30 June 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply.
Get cover that works with the risks of your business
Select different cover amounts for each policy listed below.
This is the most you will be paid out if you need to make a claim.
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 cover you, 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
Customer Average Monthly Payment Report is based on 1 July 2023 to 30 June 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply.
Get cover that works with the risks of your business
Select different cover amounts for each policy listed below.
This is the most you will be paid out if you need to make a claim.
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 cover you, 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
5 easy steps to get instant cover online today
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5 Steps to get your biz insured:
- Enter Occupation
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- Choose Cover(s)
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- Business Details
Tell us about your business
- Compare Quotes
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- Get Cover Today
Instant policy docs to your inbox.
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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We’re not ones to blow our own trumpet, but we are pretty proud of our innovative insurance platform, outstanding team, and stellar workplace.
See how much others have saved while purchasing policy through BizCover
Colette
Disability Care Worker from
NSW
Saved
$1,200
on
Public Liability and Professional Indemnity insurance
Andrea
Beautician from
VIC
Saved
$1,500
on
Business insurance Pack and,
Public Liability and Professional Indemnity insurance
Deborah
Cleaner from
VIC
Saved
$3,600
on
Public Liability insurance
Lance
Electrician from
ACT
Saved
$800
on
Public Liability insurance
Stephen
IT Professional from
VIC
Saved
$1,500
on
Information Technology Liability insurance
Linda
Restaurant owner from
NSW
Saved
$1,000
on
Business Insurance Pack and
Public Liability insurance
^ Savings made from January 2024 to April 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
We’ve answered the most common questions we get from other bookkeepers & BAS agents.
Yes. The Tax Practitioners Board requires registered BAS agents and bookkeepers to have Professional Indemnity insurance.
Professional Indemnity insurance* for bookkeepers and BAS agents is an industry requirement.
The Tax Practitioner Board (TPB) sets minimum insurance levels for registered professionals providing different types of services†:
Registered tax 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 | |
| 3 | Over $500,000 (excluding GST) | $1,000,000 cover inclusive of legal and defence | |
Registered tax agents with a tax (financial) advice services condition
| Tier | Turnover from the provision of tax (financial) advice services | Minimum aggregate amount of cover* |
| 1 | $2 million or less | $2 million |
| 2 | Over $2 million | Equal to actual or expected revenue from tax (financial) advice services (up to a maximum of $20 million) |
†As of 27 Sep 2024, tpb.gov.au/professional-indemnity-insurance-bas-agents
Running a business is challenging, but events like fires, theft, and unfortunate accidents could make it even tougher. For times like these, a Business Insurance Package* might be useful. You can customise your Business Insurance to include cover options that fit your bookkeeping business needs, such as Contents*, Glass*, Theft*, Tax Audit* and much more.
Still have questions? Visit our contact us page to reach one of our friendly business insurance experts.
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