Accountancy as a profession can encompass a wide range of activities, from low risk book keeping to high value Merger and Acquisition activity.
Although a few areas of accountancy will always attract closer scrutiny and higher premium rates from insurers, the accountancy profession as a whole does continue to enjoy a favourable Professional Indemnity claims record.
There is no shortage of competition amongst insurers for quality risks. Premiums generally remain comparatively low and the scope of cover available is wide ranging.
Professional Indemnity is one of the most important insurance products you will ever purchase. Failure to have a policy which covers all aspects of your business could leave you vulnerable to a claim that damages your company’s finances and reputation.