Insurance for Bookkeepers

    • Professional Indemnity insurance compliant with professional association requirements
    • Opportunity to compare and buy PI policies from NZ leading insurers
    • Quick and easy online process, no forms to fill in, get covered in minutes

Why do bookkeepers need Business Insurance

Handling your clients’ finances isn’t a job that doesn’t come without its risks. Even for the most experienced number wizards, the reality is mistakes and accidents can happen, especially when you least expect it.

Not only is there the professional advice and service aspect of your business but there’s the interactions with your clients, whether you are out and about visiting them, or they are coming to your office to think about too. If a client or any third party were to injure themselves (when not covered by the ACC) or if you were to accidentally damage their property during your business operations, there is the potential for a claim.

You focus on keeping your clients’ books neat, and we focus on sorting out your business insurance. We know you are always busy helping your clients, therefore we made it easy for you to arrange your business insurance – just a few clicks and one phone call, you have your policy documents emailed to your inbox.

Did you Know?

Bookkeepers have an exposure to their customers for breach of confidentiality. Discussing a client’s financial details with others can result in the Bookkeeper being sued.

What Is Bookkeeper Insurance?

Insurance for bookkeepers is designed to protect different risks which your business may be faced with. This includes cover like Professional Indemnity insurance, Public Liability insurance and various Business Insurance coverage options.

Insurance for Bookkeepers

Professional Indemnity Insurance

Professional Indemnity Insurance is for businesses and professionals in fields where their customers, or other organisations may rely on their professional advice. As an ‘expert’, others may seek legal action against you if they suffer a loss from your professional advice. Bookkeepers provide professional advice and could potentially benefit from PI.

PI insurance generally indemnifies the insured for a claim that is first made whilst the policy is in force as a result of a breach of professional duty in respect of the conduct of the professional business as a Bookkeeper. The professional business of Bookkeeping can include any or all of the following activities:

  • Recording, Monitoring and Tracking the Value of Assets & Liabilities
  • Recording, Monitoring and Tracking Income and Expenses
  • Reporting Requested Bookkeeping Information

Bookkeepers generally require professional indemnity insurance for a number of reasons, which are set out below:

  • Risk management tool to assist in providing financial protection for a Bookkeeping firm.
  • Requirement of Bookkeeping Professional Associations
  • Requirement under new legislation
  • Requirement for many clients and/or tender processes
  • Heightened level of risk in uncertain economic times

What is typically covered?

  • Damages and claimant costs awarded against the insured
  • Legal and defence costs
  • Claims investigation costs
  • Inquiry attendance costs
  • Public relations costs

What is typically NOT covered?

  • Intentional damage
  • Known claims and circumstances
  • Fraud and dishonesty
  • Bodily injury / property damage

Protect your business today.

Public Liability insurance*

Whether you work from an office (even home-based) or go out to visit your clients on the road, Public Liability insurance is one of those fundamental types of insurances that bookkeepers need to consider.

Public Liability Insurance, often referred to as General Liability, gives you peace of mind, protecting you and your business against such claims by providing compensation for property damage, and personal injury or death in circumstances that are not covered by the Accident Compensation Commission (ACC). It also covers any legal defence costs you incur as a result of defending yourself.

What is typically covered?

  • Compensation for accidental damage to third party property
  • Compensation for personal injury or death to third parties where the ACC does not provide cover
  • Legal and defence costs

What is typically NOT covered?

  • Injury to your employees
  • Damage to your own property
  • Compensation for personal injury whereby cover is provided by the ACC
  • Known claims and circumstances

Business Insurance*

It’s important to take the time to consider protecting the assets that help to keep your bookkeeping business running. There are a variety of different types of business insurance options, these are a few to consider:

Contents: Covers your business contents or stock if they are damaged in a fire, storm or due to malicious damage or some other defined event listed in the policy

Building: Cover for loss and damage to buildings you own, as a result of an insured event (such as fire, storm, wind).

Portable Equipment: Portable Equipment insurance (also known as General Property insurance) covers you for loss and damage to items of portable equipment associated with your business. These can include tools of trade and items of stock.


How much does business insurance cost for bookkeepers?

No two bookkeeping businesses are the exact same, and neither are two insurance policies for bookkeepers. The pricing will depend on a variety of factors that are unique to your bookkeeping business.

Some of these may include:

  • The size of your business
  • How many staff you have?
  • The type of food business you are running
  • The type of coverage you take out
  • Your excess
  • The level of cover
  • Your claims history
  • Location of your business

To receive an accurate idea of how much business insurance will cost for your hairdressing business click here to get a quote or have a chat to our friendly team.

Is Business Insurance a requirement?

As a bookkeeper, business insurance may be a requirement in certain situations like becoming a member of an industry body or as a condition of a contract that you may work on. It is always wise to check what type of cover and the amount you are required to have in place.

Get more information

If you would like to find out more about different types of business insurance solutions and tips and tricks for different areas of your business, check out our blog. To get you started we’ve hand picked a few articles to get you inspired.

What does Professional Indemnity insurance cover?

We break down the nitty gritty of all the important stuff you need to know when it comes to Professional Indemnity insurance- jargon free.

How to stay motivated as a small business owner

Let’s face it, as a small business owner there is a fair share of highs and lows. This article is the perfect pick me up when you need that extra dose of enthusiasm and motivation to help you get back on track with your business goals.

* This information is a general guide only and does not take into account your objectives, financial situation or needs. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this web page is general only and should not be relied upon as advice.

^The provision of the claims examples are for illustrative purposes only and should not be seen as an indication as to how any potential claim will be assessed or accepted. Cover for a claim will depend on the specific circumstances around the loss and would be subject to the terms and conditions of the policy concerned.

Customer Reviews

Rated 4.6/5 for Customer Experience

Need Help?

Visit our Contact Us page, where you can find out how to get in touch with one of our business insurance professionals. 

You can also access quick links to our self-service portal, where you can download your Certificate of Currency, update your payment details, amend your cover and download your policy documents. 


Popular Searches