Bookkeepers Professional Indemnity Insurance

Professional Indemnity built with bookkeepers in mind

Professional Indemnity Insurance (PI) is a key consideration for all businesses providing advice or professional services to their clients. Bookkeepers PI protects the insured against the costs incurred in defending claims where it is alleged that the insured has been negligent or there has been an error in the services provided, such as incorrect advice or an unintentional breach of intellectual property rights. 

Should the defence be unsuccessful the policy provides further protection by also covering any compensation that the insured is deemed to owe as a result of the incorrect work.

Any business or individual operating in a professional capacity can be held liable if an error or omission in their advice of service causes financial loss to a third party. Accordingly, in order to protect both themselves and their clients, it is s requirement of the Institute of Certified Bookkeepers Practice Licence to hold Professional Indemnity insurance protection.