Accountancy firms of all shape and sizes play a crucial role in the wider economy but the nature of the advice these professionals provide brings significant risk exposures.
That’s why Professional Indemnity (PI) is a crucial piece of protection that all accountants should consider, be they a small- to medium-sized (SME) firm or a multinational.
At Tokio Marine HCC, we specialise in the SME sector and the risks they face. Whilst PI insurance may not always be a legal requirement, it is one of the most crucial pieces of cover an accountancy firm can invest in.
Certain governing bodies, such as the Institute of Chartered Accountants of England and Wales (ICAEW), issue ‘practising certificates’, which are required in order for a firm to practice, and these certificates require a firm to have PI insurance.
While non-chartered firms are not generally required to maintain PI cover, we would ask: Why take the risk?
Highlights
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Indemnity provided on an Any One Claim basis with defence costs paid in addition
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ICAEW compliant wording
Best for
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Chartered Accountants
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Certified Accountants
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Public Accountants
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Bookkeepers and Tax Consultants
Summary of coverage
- Civil liability
- Dishonesty of employees
- Loss of or damage to documents
- Unintentional breach of confidentiality and infringement of intellectual property (IP)
- Libel, slander or defamation
- Breach of IP rights
Professional Indemnity Claims Team
Our claims professionals work closely with you and your advisors to develop a solution-oriented strategy and to achieve a fair and efficient resolution of any claim. We will also explain how the coverage afforded under a policy applies to each claim, in a timely and comprehensive manner.
Claims handlingView our Professional Indemnity PMR clauses here.
PMR ClausesYour team
Head office
Fitzwilliam House
10 St. Mary Axe
London EC3A 8BF
United Kingdom
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Why choose Tokio Marine HCC?
Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance.
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