Business Insurance Accounting
- Comprehensive industry specific policy wording
- Instant online paperwork
- 1m Professional Indemnity cover
Insurance for Accountants & Tax Agents
... offices are located can impact how much you pay for insurance. Who is being covered - Are all members of ... Accounts preparation / bookkeeping Taxation Auditing Business valuations Company secretarial Forensic accounting ...
read moreBusiness Insurance
... your company. Business Interruption* Business ... Account. Alan P. Traffic Engineering Consulting Service Need Help? Visit our Contact Us page, where you can find out how to get in touch with one of our business insurance ...
read moreHow To Start Your Own Accounting Business
... bank accounts, and many other areas. With a business plan, you may be able to benefit by having control over your business, ... your company. Let's not take the risk! With small business insurance, your accounting firm may ...
read moreWant To Start Your Own Business? Here Are Some Ideas!
... small business insurance to protect your business when you are just beginning to ensure you can keep your business running smoothly without worrying about harmful scenarios that could close your company. Having ...
read more6 Essential Types of Business Insurance in New Zealand
... from any ensuing civil action taken against you or your company Statutory Liability Insurance * Statutory Liability insurance protects you, your business and your employees against certain unintentional breaches of some ...
read moreBusiness Insurance Health Check Part 2
... it is Professional Indemnity insurance for your accounting business or Portable Equipment insurance for your tools of trade, we offer business insurance options to help you protect your business. Visit bizcover.co.nz ...
read moreThe Ultimate Guide To Starting A New Business Venture In NZ- Part 1
... work you've put in to making your business come to life. Business insurance* is something that not only gives you peace ... insurance without the drama today. *This information is general only and does not take into account ...
read moreComplete Guide to Business Insurance
... of business insurance coverage, ... business and is not available to all postcode areas. ^Sub-limits and conditions apply. Refer to the policy wording. * This information is a general guide only and does not take into account ...
read moreTradies Guide to Business Insurance Packages
... and get trade insurance for your trade business without drama and get on with your day. If you'd like chat you can find us at 0800 249 268. *This information is general only and does not take into account your objectives ...
read more4 Things To Check Before Buying Your Business Insurance
... you're a well established set up that knows a thing or two, wherever you are with your journey, business insurance is something you've probably come across. Our guide takes the guess work and some of the confusion that ...
read moreHow To Get More Accounting Clients
... in your company emails. Your accounting business will gain more ... business insurance for your accounting small business in minutes and get on with your day. *This information is general only and does not take into account ...
read moreWhat is Business Insurance
... help protect your small business against unwanted challenges. * 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 ...
read moreDo I need Business Insurance
... Hi, Just a question I am a Event production company but the only section was Event Management on your form ... out how to get in touch with one of our business insurance professionals. You can also access quick links to our ...
read moreWhat Is Inside A Business Insurance Pack?
... ) • Legal costs from any ensuing civil action taken against you or your company Business Interruption insurance: Business interruption insurance provides cover for the loss of income and increased costs of operating your ...
read moreWhat does business insurance cover
... things that you may not have been aware were covered with business insurance! * This information is a general guide only and does not take into account your objectives, financial situation or needs. As with any ...
read moreDo Hypnotherapists need Business Insurance?
... businesses increasingly targeted by cyber crime This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance ...
read moreDisaster Planning – Business Insurance And Preventive Measures To Help
... get insurance for your small business without the stress so you can get on with your day. Rather chat to a person? You can find us at 0800 249 268. *This information is general only and does not take into account your ...
read moreAccounting Tips and Tricks For Small Business Owners
... years? Will my company break even in the next accounting period? Does the business have enough staff to ... account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance ...
read moreHow To Market Your Accounting Business Online
... small business insurance. Visit bizcover.co.nz and get business insurance for your accounting small business without drama and get on with your day. *This information is general only and does not take into account your ...
read more7 Ways Your Accounting Business Can Save Money For Clients
... Just insurance with no dramas. Visit bizcover.co.nz and get insurance for your accounting business ... account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance ...
read moreReduce your small business operating costs with these 7 tips
... business expenses and operating costs. By r educing your business outgoings, you will start to see an increase in your savings account ... you can also save on is your business insurance. At BizCover we offer a n effortless ...
read more10 tips for starting up your small business in New Zealand
... company or business. Another thing to consider when setting up your own business is to get your business insurance ... general guide only and does not take into account your personal objectives, financial situation or needs. ...
read more6 Apps To Help Boost Small Business Productivity
... and bring your projects to life. Xero Managing your accounting on the go, Xero is a simple to ... small business insurance with BizCover. *This information is general only and does not take into account your objectives ...
read moreTips to help you successfully market your Tradie Business
... of a larger company, you know the amount of hard work that goes into a day on site. No two days are the same as a tradie and there are a variety of new risks that you could face every day. Business insurance is designed ...
read moreWhat you need to know about Business Interruption Insurance
... be the difference between your business surviving and failing, and yet many companies don't have it. Why does my business need to consider Business Interruption insurance? Generally, businesses will make sure that they ...
read moreIs it time to give your retail business an insurance health check?
... could have changed since you reviewed your policy. Business Insurance * is a package designed to provide cover for ... not take into account your objectives, financial situation or needs. As with any insurance, cover will ...
read moreBusiness Interruption Insurance
... idea of how much Business Insurance that includes Business Interruption cover will cost for your business. *This information is a general guide only and does not take into account your objectives, financial situation ...
read moreAn Accountants Guide to Professional Indemnity Insurance
... when looking at ways to protect your accounting business with business insurance. What is Professional Indemnity insurance? In a nutshell Professional Indemnity insurance (PI) insurance is an important form of protection ...
read moreWhy Bookkeepers need Professional Indemnity Insurance
... risks to yourself and your business via bookkeeper Professional Indemnity insurance . Try as you might, ... account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance ...
read moreHow to Open Your Own Retail Business
... when insuring your stock with business insurance . Sales process Before you start ... company Get a business number Arrange your tax number with the IRD Make sure that the systems you have in place for your accounting ...
read more6 Reasons why some small businesses fail
... : Public Liability insurance* Professional Indemnity insurance * Business Insurance* Building insurance* Contents insurance* Business Interruption insurance* Portable Equipment insurance* Cyber Liability insurance* Don't ...
read moreCyber Liability Insurance Explained
... breach against your company Why do I need to consider Cyber Liability insurance? A common misconception ... types of claims which Cyber Liability insurance protects your business from: Website hijacked and defaced Computers ...
read moreHow Cyber Insurance Protects Small Businesses
... and see how we can help protect your business. * 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 ...
read morePublic Liability Insurance
... insurance. New Zealand's number one online insurance company We take more pride in the 10,000 small businesses ... does not take into account your objectives, financial situation or needs. As with any insurance, cover will be ...
read moreUnderstanding Cyber Liability Insurance – A Guide For Engineers
... against you or your company Examples of potential claim scenarios These are some examples we have rounded up to illustrate when your engineering business may require Cyber Liability insurance: Your website was hijacked ...
read moreInsurance for Mechanics
... company *This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance ... our business insurance professionals. ...
read moreWhat is Professional Indemnity Insurance?
... business of providing advice or professional services to clients. Thankfully, Professional Indemnity insurance can help protect your bank account ... easy to sign up to, all other companies were asking me to fill out a ...
read more10 Ways To Help Protect Your Small Business
... and see how we can help protect your business. * 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 ...
read moreStatutory Liability Insurance
... nz/10-ways-to-help-protect-your-small-business/ * 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 ...
read moreInsurance for Consultants
... Management Strategic business planning Title / Legal Searchers Translator Workflow processes & procedures What is covered? Professional Indemnity insurance is designed to protect your assets, your bank accounts, and your ...
read moreInsurance for Painters
... your tradie business. https://www.bizcover.co.nz/what-every-new-zealand-tradie-needs-to-know-about-insurance/ * This information is a general guide only and does not take into account your objectives, financial ...
read moreInsurance for Counsellors
... spend time understanding what kinds of business insurances can help safeguard your business for the long run, and which ... take into account your objectives, financial situation or needs. As with any insurance, cover will ...
read moreTool and Portable Equipment Insurance
... /6-ways-your-small-business-can-benefit-with-online-marketing/ * 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 ...
read moreHow Accountancy Insurance Protects Your Business
... to protect your company, it can be important to consider risk-reducing measures, including business insurance that is ... and your accounting business? Accountancy insurance claim example An accounting business owner helps ...
read moreHow to Start a Sole Trader Business
... open for business. These are a few things you can do to get ready: Set up a business banking account and ... accounting and invoicing software, preferably ones which talk to each other! Protect your business with insurance ...
read moreHow To Start Your Own Trade Business in NZ
... . This can be done at the same time you register your company. If you are a sole trader or partnership, you can register ... —insurance is one way to help protect your business and bank accounts. Starting a Trade Business ...
read moreInsurance for Handyman
... Business interruptions could quickly drain your bank accounts while you wait to resume work. Business Interruption insurance ... Very easy – have been waiting for other insurance companies to contact us all day. Allan N. ...
read moreTips for making a Stress-Free Claim for your business
... . You can find out more about Business Interruption insurance here . When Disaster Strikes Call for ... minimise the loss If there were any witnesses, ask for their account of the details of the event It is also a good idea ...
read moreUnderstanding Employers Liability Insurance
... types of insurances available to cover aspects of your business, Employers Liability insurance* is one ... account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance ...
read moreInsurance for Immigration Advisers
... of business insurance coverages, we share the ins and outs on all things Professional Indemnity insurance without the jargon in our simple guide. * This information is a general guide only and does not take into account ...
read moreInsurance for Real Estate Agents
... a real estate agent you may need to consider business insurance: To join certain industry boards and become a member ... not take into account your objectives, financial situation or needs. As with any insurance, cover will ...
read moreInsurance for Travel Agents and Tour Operators
... on some of the typical kinds of business insurance and how they can help protect your business. * This information is a general guide only and does not take into account your objectives, financial situation or needs. As ...
read moreInsurance for Recruitment Consultants
... business. https://www.bizcover.co.nz/take-back-your-time-with-these-apps/ * This information is a general guide only and does not take into account your objectives, financial situation or needs. As with any insurance ...
read moreInsurance for Marketing and Multimedia Professionals
... you. If you work on contracts certain types of business insurance may be a requirement, make sure you have these ... not take into account your objectives, financial situation or needs. As with any insurance, cover will be ...
read moreInsurance for Hairdressers
... want to start your own business in the first place. * 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 ...
read moreInsurance for Cleaners
... receive an accurate idea of how much business insurance will cost for your cleaning business click here to get a quote or ... take into account your objectives, financial situation or needs. As with any insurance, cover ...
read moreInsurance for Yoga Teachers
... ! Why do Yoga Teachers need insurance? Yoga teachers face many unique risks on top of the everyday hazards that come with running a small business. These risks can stretch your bank accounts to the breaking point, bruise ...
read moreInsurance for Psychologists
... account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance ... how to get in touch with one of our business insurance professionals. You can also access quick links to ...
read moreInsurance for Massage Therapy
... is damaged retail stock or broken equipment draining your accounts. Property (Contents) insurance covers loss of or damage to items such as business equipment, stock, plant and machinery, records, fixtures and fittings ...
read moreInsurance for Carpenters
... a small business. These risks can leave a big impact on your bank accounts and professional reputation. In a worst-case scenario, a claim or lawsuit brought against you could mean closing up shop for good. Insurance for ...
read more5 Ways your small business can save money at tax time
... it place to help lower those small business taxes. Get good online accounting software If you haven't already, it ... money there to cover them. By having a separate account that pays some interest, you can put some money ...
read moreAn Accountants Guide to Understanding Cyber Liability Insurance
... accounting insurance like Professional Indemnity insurance*, Public Liability and Business Insurance* ... account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance ...
read moreHow To Grow Your Trade Business In 2023
... small business insurance. Visit bizcover.co.nz and get business insurance for your accounting small business without drama and get on with your day. *This information is general only and does not take into account your ...
read moreDoes your small business need an IT solution?
... /independent-it-consulting-services-ltd/ * This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance ...
read moreWhy Insuring Your Tools Of Trade And Portable Equipment May Help Your Business
... business, and regardless if you are a sole trader or run a small company, ... insurance provider. What kind of businesses might consider this cover? Pretty much any business that relies on gadgets to help run your business ...
read moreHow the cost of Professional Indemnity insurance is calculated
... that impact the cost of Professional Indemnity insurance. Insurance policy pricing is generally calculated on risk ... The size of your business As your business grows, so can things like your bank account, your work load ...
read more5 Things for Accountants to Consider When Applying for Professional Indemnity Insurance
... quote today and start protecting your business. * 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 ...
read moreAn Accountants Guide to Understanding Public Liability Insurance
... of business insurance options to insure your accounting business for when your business needs ... account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance ...
read moreBizCover adds Ando Insurance to its NZ business insurance platform
... looks to simplify comparing and buying insurance for small business owners. With its headquarters in Sydney, BizCover has operations in Australia, the US, and South Africa. The company currently has 192,000 SMEs insured ...
read moreWhat Photographers Need to Know About Business Insurance
... of mind, knowing you can confidently go about your work and protect your reputation should the worst happen. Business Insurance * Take the time to think about all the equipment you need to get the job done professionally ...
read more4 Areas You May Not Have Thought Business Insurance Covers
... current policy in a while, now is the time to do it. BizCover offers a range of insurance solutions to protect your business. You can tailor a policy to suit your needs and include other essential covers such as Public ...
read moreThings you didn't know about small business insurance
... the move It's wise to review and update your coverage every year. No doubt your business is on the move and changing and so your insurance needs will also be changing and you'll want to make sure you have a policy that ...
read moreOnline service saves SMEs hundreds on their business insurance
... everything can get quite dramatic. Luckily with BizCover, business insurance doesn't have to be. Click here to compare ... not take into account your objectives, financial situation or needs. As with any insurance, cover will ...
read moreSaving Hacks- Business Insurance For Tradies
... to help make the lives of small businesses hassle-free when it comes to all things business insurance. *This information is general only and does not take into account your objectives, financial situation or needs. It ...
read moreUnderstanding Insurance, Part 3: Business Insurance
... kinds of cover available and how it can help protect your business. What is Business Insurance*? Business Insurance is designed to protect your business contents, stock and other assets against events like fire, storm ...
read moreBusiness Insurance FAQs
... Service Loving the efficient way to renew business Natalie B. Massage Therapy Service I love how easy it is to do covers on bizcover compared to other insurance companies. Gwen S. Painter/Decorator Need Help? Visit ...
read moreThings to consider when purchasing business insurance
... add them up. How much would it cost if you had to replace it all? Buying business insurance Getting your business insurance sorted can be a time-consuming process, but fortunately there are options there to help make it ...
read moreA Tradies Guide To Getting Your Business Insurance Sorted
... which are covered by the policy. Get your tradie business insurance quote today As you can see, there are ... does not take into account your objectives, financial situation or needs. As with any insurance, cover will be ...
read moreWhy You Should Review Your Business Insurance
... , from looking after your customers to your marketing campaigns and accounting just to name a few. But one thing which shouldn't be forgotten is reviewing your business insurance. It's often one of those set and forget ...
read moreReview Your Business Insurance With A Health Check – Part One
... get insurance for your engineering business without the stress so you can get on with your day. If you feel like a chat, give us a call on 0800 249 268. *This information is general only and does not take into account ...
read moreSurprising Ways That Business Insurance Can Help Your Business
... causing a claim. The impact of a claim can cause devastation not only to your bank account but to your business' reputation too. Public Liability insurance in a nutshell is designed to provide protection for you and your ...
read moreHow Are Business Insurance Premiums Calculated?
... insurance for your small business without the stress so you can get on with your day. Rather have a chat over the phone? You can find us at 0800 249 268. *This information is general only and does not take into account ...
read moreManaging Your Business Insurance During Inflation
... we take a look at how inflation influences business insurance and some tips of managing your policies. ... account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance ...
read moreHow To Avoid These Mistakes When Buying Business Insurance
... they exclude could be a costly mistake if you needed to make a claim. When shopping around for your business insurance and comparing policies, you may want to weight up the pro's and cons of different policies when it ...
read moreIncrease Your Business Insurance Confidence With These Tips
... to not having a complete grip on what business insurance policies you might have in place. You might ... account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance ...
read moreBusiness On The Go? Be In The Know About Business Insurance
... wrong. And because you've already got a 101 other things to be thinking about, stressing over business insurance to protect your mobile business doesn't need to be one of them. We've created a simple guide of some of the ...
read moreThe basics of business insurance for all trades of life- a lingo free guide
... prefer to have a chat to one of our business insurance specialist, they are waiting for your call and ... account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance ...
read more5 Networking Tips to Help You Leverage Existing Contacts
... time and energy. In other words, relationships always take work. Enrol in a diploma course today to get started refining your career development and networking skills. Protect your business with business insurance .
read moreCustomer Spotlight: Three Sisters Brewery
... share: “The highs will be higher and the lows will be lower, but hopefully you'll make a living doing something you are passionate about.” Get your business insurance today! Like them on Facebook Follow them on Instagram
read moreOur Holiday Hours 2022
... year of supporting small business owners in New Zealand with their business insurance needs! We are grateful for your support. Thank you for choosing BizCover to be a part of your small business journey in 2022. Whilst ...
read moreTake Back Your Time With These Apps
... run . At BizCover, we're big believer in saving time and that's why we offer a hassle-free business insurance experience. Jump online or give us a call to receive multiple quotes in minutes from some of New Zealand’s ...
read moreDiwali Customer Spotlight - Kavita's Kitchen NZ
... financial year would near, people would close their accounting books and seek the divine blessing of Lakshmi, the ... , in Wellington. Have you got business insurance to start your own business? “They believed in me and ...
read moreConquering Stress and a Heavy Workload
... time management and by drawing on a range of stress-busting techniques, you can conquer stress, avoid overwork, and become even more effective and productive for your team. Protect your business with business insurance !
read moreBizCover Customer Spotlight - Three Gems Natural Skincare
... doesn't!), and it's where the best lessons are learnt.” Make sure you protect your business like this one with a business insurance package . Louise is also offering our lucky readers a 10% discount on purchases. Simply ...
read moreCustomer Spotlight: The Goat Farm
... might be looking to start their own business: “There's never been a better time. Client companies - even big ones - are more ... 't be a dick.” Get protected with business insurance . Visit their Website Like them on Facebook
read moreThe Art of Small Business Branding in the Digital Age
... -haul truckers. The point is that branding your company is about far more than logos and colour schemes ... business is first and foremost about people. Make sure your brand and business are protected via a business insurance ...
read moreMasters of maintenance kick start their new business with BizGiver Grant
... service for civil construction with heavy machinery operations. Make sure your business insurance is well maintained! Owner Joshua Walkey sums up the company's go-getter attitude as “You would be hard-pressed to find ...
read moreReviews related to Business Insurance Accounting
-
Very easy to get a quote and get cover. Great pricing and easy to understand.
Ann-Maree Ozanne
Accounting and Taxation -
Would prefer payment methods other than credit card. Being able to pay direct from my business bank account using Poli or other system would make life easier.
John Cleveland
Information Technology -
Highly recommended way of doing business insurance with out hassles and cost effective
Peter Digby
Manufacturing
What does insurance for Accountants & Tax Agents cost?
Every small business is different, and the same is true for accountants and tax agents. Many of the factors that make you and your business unique are used to help calculate your accountancy insurance, such as Professional Indemnity, Public Liability, and any other policies you decide to buy. Some of these factors include:
- The size of your business – What is your annual revenue or turnover? More or larger contracts could mean more risk and higher premiums.
- Where you are located – The geographic area you work in or where your offices are located can impact how much you pay for insurance.
- Who is being covered – Are all members of staff (including yourself) qualified to do their jobs?
- Your previous claims history – A history of past insurance claims may mean that you’ll pay more for a new policy or renewal.
- The amount of cover you need – More cover generally means higher premiums.
As every accountant and tax agent will answer these and other questions differently, it’s often easiest to compare quotes from multiple insurers in order to understand how much you can expect to pay for accountancy insurance.
Did you Know?
A $1m Professional Indemnity cover only costs from $1.81 per day.
Insurance for Accountants and Tax Agents
There are many on-the-job risks that accountants and tax agents may face. Providing a professional service to clients, damage to office computers and other equipment, and the threat of cyberattacks are just some of the events that accountancy insurance can help address.
Professional Indemnity
Accountants and Tax Agents require professional indemnity insurance to comply with professional association requirements (e.g. NZICA, CPA), professional standards legislation, or to meet the requirements of clients and/or tender processes.
Even the best of us can have a bad day with the books. That’s why Professional Indemnity insurance is designed to protect you and your business from any losses which may arise from any errors and omissions which may happen across a wide variety of accounting and tax services. Some of the most common Accounting and Bookkeeping errors are outlined below.
What is typically covered?
Even the smallest mistake can lead to expensive consequences for accountants and tax agents. Professional Indemnity insurance helps protect you against many potential risks that can happen when you provide a professional service or give advice to clients. These include:
- Errors, mistakes and omissions
- Missed deadlines
- Undelivered services
- Professional negligence
- Breaches of contract
What is typically not covered?
Professional Indemnity insurance does not provide protection for:
- Intentional damage
- Circumstances or claims known before your insurance period begins
- Acts of dishonesty and fraud
- Accidental injury and property damage
Protect your business today.
Accounting and bookkeeping errors
- Incorrect tax advice / tax preparation
- Late lodgement of returns
- Negligence in rendering professional services
- Incorrect analysis and interpretation of the numerical data
- Failure to fully comply with audit undertaking
The professional business of Accountants and Tax Agents covers a broad range of activities.
- Accounts preparation / bookkeeping
- Taxation
- Auditing
- Business valuations
- Company secretarial
- Forensic accounting
- Receivership/liquidations
- Mortgage/finance broking
- Management/business consulting
- Accounting software programs
Public Liability
Do clients visit your office for their calculations? Or do you provide an in-home service? If yes, then Public Liability Insurance is a vital type of insurance to protect your business against financial losses arising from claims of third party accidental damage to property or injury (not covered by the ACC) resulting from you going about your business.
What is typically covered?
Public Liability insurance for Accountants and Tax Agents commonly covers:
- Damage to a third-party’s property
- Damage to a third-party’s property that results in a financial loss
- Injury, illness or death caused by your negligence (that is not covered by the ACC) caused by your negligence
What is typically not covered?
Public Liability insurance does not provide cover for:
- Employee injuries
- Damage to your own property
- Compensation for personal injuries that are covered by the ACC
Protect your business today.
Business Insurance
When it comes to protecting your business assets, Business Insurance has a variety of covers available to safeguard the things that matter most. Consider your building (if you own it) and contents – could you afford to replace everything if a fire or storm were to destroy it all?
Could your business keep operating if your computing equipment was to breakdown or suffer accidental damage? The cost of repairs and data restoration can attract expensive fees, not to mention the down time while you are not able to operate and work with clients.
Cyber Insurance
As an Accountant, you work and rely on sensitive client information to get the job done. In the increasingly growing cyber world, unfortunately comes the increase in cyberattacks and data breaches. Protect your business from hackers or an inadvertent error with Cyber Liability insurance, which provides coverage for expenses like data and recovery costs, fines and penalties, and PR and crisis management costs.
What is covered?
Cyberattacks, hacks, and data breaches are all too common for small businesses. Cyber Liability typically helps protect you from:
- Investigation costs from an attack and data recovery
- Expenses related to business interruptions
- Fines and penalties
- Extortion costs
- PR and crisis management expenses
Claim example
An accountant acted as a trustee for a happy couple’s family trust. The clients’ marriage broke down and the accountant was accused by the wife of acting in the husband’s interests in the distribution of the assets. Whilst nothing was ultimately proven, the accountant had significant legal costs in defending his actions and position as a trustee. The professional indemnity policy, under the Trustee’s Liability section, met the costs of appointing skilled legal talent and the costs associated with it.
FAQ
Why do accountants and tax agents need insurance?
There are many everyday risks that accountancy insurance can help protect accountants and tax agents against. From claims that you have acted negligently to a cyberattack on your network, insurance can help shield your finances and keep you in business.
Accountants and tax agents may want to consider different types of insurance to help address the many risks they face:
- Professional Indemnity helps protect you against claims that arise from the services you provide, or advice given to a client or customer that results in a financial loss.
- Public Liability can help protect you when clients and other members of the public visit your offices, or you visit clients in their homes.
- Business Insurance can help protect your office against fire, storm and other damages, as well as the things inside it, like your office equipment.
- Cyber Insurance can help protect you in the event of a hack, cyberattack or data breach.
Without accountancy insurance, the costs of compensating a client or responding to a lawsuit could be left solely on your shoulders. For small business owners, these expenses can be financially devastating and potentially lead to bankruptcy and business closure. Insurance can help accountants and tax agents keep working even if the unexpected happens.
How do I buy accountancy insurance?
Like so many accountants and tax agents, you probably have a full schedule with a lot of work to complete every day. This is why BizCover makes it fast and easy to buy insurance for your small business. Find, compare and buy accountancy insurance in just minutes—and get on with your day!
It only takes a few minutes to get and compare multiple quotes from leading insurers across New Zealand. There’s no complicated paperwork to deal with, and you’ll even receive your policy documents via email as soon as you’re done. Even better, this can all be done at a time that’s convenient to your schedule—even the middle of the night!
* * 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.
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.