Insurance for Accountants
Policies available to meet the requirements of the accounting professional bodies
Easy and professional claims support
Policies available to meet the requirements of the accounting professional bodies
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What is accountants’ insurance?
Accountants’ insurance (the many types of business insurance available to accounting professionals) helps you manage the cost of different risks, like errors and omissions, damaged equipment, and cyberattacks.
As an accountant, you know that managing financial risks is essential for any business. But is yours prepared for unplanned expenses like mistakes in your work, a damaged laptop, cyberattacks and other common risks?
Different types of accountants’ insurance could help you keep your business in the black so you can continue serving clients.
Why do accountants need insurance?
Accountants may need business insurance to meet the requirements of accounting bodies and cover unplanned expenses.
Join CPA Australia or Chartered Accountants Australia.
Pay legal costs if you face a professional negligence claim.
Replace damaged equipment.
Recover after a cyberattack.
What types of business insurance do accountants need?
We offer a range of business insurance options designed to protect your professional reputation, files and records, and equipment. Build an insurance package that suits your needs and buy in minutes.
Popular cover types for accountants:
Accountants could also consider:
Insurance made for accounting pros
Start a quote to compare cover options and buy online in minutes.
How much does accountants’ insurance cost?
The average cost of business insurance for accountants is $83* per month with BizCover. However, your cost will depend on different factors, such as the services you provide and the number of employees covered.
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
Select Profession
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5 Steps to get your biz insured:
- Enter Occupation
Search & select your occupation
- Choose Cover(s)
Select the cover you need
- Business Details
Tell us about your business
- Compare Quotes
Compare prices & select quotes
- 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
Yes. CPA (Certified Practising Accountants) and ICAA (Institute of Chartered Accountants Australia) require a minimum of $2 million in Professional Indemnity cover.
Professional Indemnity insurance for accountants could help you handle claims like accounting and bookkeeping errors, incorrect tax preparation, and negligence in rendering professional services—just to name a few.
Business Insurance Packages are customisable bundles of cover for your business property and assets. You can add the cover options that makes sense for your business, such as Contents cover for your business records, Electronic Equipment for your laptop, or Glass cover for your office windows!
Hear from our customers
Real-life customer reviews verified by Feefo
Brilliant. It was so easy to get this done and it was the lowest quote. I spent a whole day getting multiple quotes but BizCover found the best one for me!
M Fernando
Simple, easy to navigate. Great Value!
Robbie D
Really easy and no long forms or wait times like other providers of PI.
Phillip B
So quick and easy to create my personalised business cover, I would definitely recommend BizCover to anyone looking for insurance. Thank you!
S Macabulos
Real-life customer reviews verified by Feefo