Accountants Professional Indemnity
Accountants Professional Indemnity
When providing professional advice, accountants have a duty of care for the advice and assistance they provide to their clients. Delta’s Accountants Professional Indemnity Policy is designed to meet the requirements of professional associations and protect insured individuals, their reputation, and their business against the financial burden of legal actions arising from alleged negligence or breach of duty based on a professional error, act, or omission brought against them.
Overview
Accountants' Professional Indemnity Insurance is specialised cover designed to protect accounting professionals and their firms from financial losses due to claims of negligence, errors, omissions, or misconduct in their professional services. Given the complex nature of accounting services and the potential for disputes, having Professional Indemnity Insurance provides peace of mind and financial security for accounting professionals and their businesses.
Coverage Benefits
Providing cover for civil liability arising from:
Professional negligence, act, error or omission
Breach of duty including breach of fiduciary duty
Breach of confidentiality
Defamation
Breach of warranties and conditions
Consumer Protection Legislations
Intellectual Property Infringement
Additional Covers
Additional covers provided to ensure extra protection include but are not limited to:
Continuous Cover
Auditing Standards
Fraud & Dishonesty
Vicarious Liability for Consultants
Reputation Protection Costs
Investigation Costs
Two automatic reinstatements of the limit
Defence costs in addition to limit
Contractual liabilities
Limitation of Liability in Contracts
Extended Reporting Periods
Loss mitigation costs
Optional Extensions
Optional policy extensions available at request include:
Fidelity Cover
Previous Business
Target Segments
Accounts Preparation
Bookkeeping
BAS Services
Auditing (excl. Public Listed Companies)
Account Managements Consultants
Taxation (Personal and Private Company Tax)
Industries we are unable to write
Financial Planning
Chief Financial Officer
Mergers and Acquisitions
Corporate Finance / Investment Advice
Capacity
Primary and Excess limits up to $10m any one claim
Territory/Jurisdiction
Australian domiciled risks only
Worldwide territorial & jurisdictional cover (excl. USA & Canada)
