Accountants' Professional Indemnity Insurance
Accurate business protection for when it matters the most.
As an accountant, your clients rely on your expertise to keep their finances accurate and compliant.
But in a profession where precision is critical, even a small oversight can result in costly claims, regulatory scrutiny and reputational damage.
That’s why we provide specialist accountants' professional indemnity insurance, designed to protect you against the legal costs and compensation demands arising from claims of professional negligence, whether actual or alleged.
Who should consider professional indemnity insurance?
- Chartered and certified accountants
- Tax advisers and consultants
- Bookkeepers and payroll service providers
- Audit and assurance specialists
- Financial controllers and consultancy firms
Whether you're part of a small firm or managing a large accountancy practice, we tailor cover to suit your risk profile, clients and services.
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What does accountants’ professional indemnity insurance cover?
Our accountants’ professional indemnity offering is comprehensive and includes cover for the following events:
- Negligence or breach of a duty of care
- Breach of fiduciary duty
- Poor financial advice
- Failure to stop fraud
- Regulatory investigations and associated legal costs
- Contractors/subcontractors poor advice
Without the right insurance, defending these claims and paying compensation could severely impact your business.
Why do accountants need professional indemnity insurance?
For Accountants who are members of professional bodies such as Institute of Chartered Accountants in England & Wales (ICAEW), Institute of Chartered Accountants in Scotland (ICAS) and Association of Chartered Certified Accountants (ACCA), professional indemnity insurance is a regulatory requirement. They mandate that their members carry adequate cover to protect against claims of professional negligence, errors or omissions. Miller will ensure that you are compliant with the guidelines for these professional bodies.
Even if you're not a member of a professional body, professional indemnity insurance is strongly recommended. Accountants handle sensitive financial information and provide advice that clients rely on. If something goes wrong, whether it’s a miscalculation, a missed deadline or perceived poor advice, you could face costly legal action, even if the claim is unfounded.
Accountants may also consider the following insurances to better protect their business:
- Public liability insurance
- Cyber insurance
- Directors' & Officers' Insurance
- Crime Insurance
Why choose Miller for your Accountants’ Professional Indemnity Insurance?
When it comes to protecting your firm, you need more than just insurance, you need a partner who understands your world. We’ve been supporting accountants for decades, so we know the risks you face every day. With Miller, you can focus on your clients while we safeguard your business.
Protection that works harder:
- Risk prevention first: Our in-house specialists help you spot and manage risks before they become claims.
- Tailored cover: Exclusive facilities and access to leading A-rated insurers means we secure competitively priced solutions designed around your firm.
- Aligned policies: From PI to D&O, cyber and crime, we make sure your coverage works seamlessly together.
Service that stands out:
- Personal approach: Over 90% of clients renew with us year after year.
- Expert wordings & claims advocacy: Our specialists ensure broad coverage and handle claims in-house for faster, clearer communication.
- Support at every stage: From placement to claims, we’re proactive in keeping your protection evolving with your business.
Prompt, professional and personal. With Miller, you don’t just get insurance, you get peace of mind, market-leading expertise and a team that’s on your side.
GET IN TOUCH
Tim Jackson
Senior Director - Professional and Financial Risks +44 (0) 20 7031 2816 [email protected] Read more
Tom Morris
Director - Professional and Financial Risks +44 (0) 20 7031 2343 [email protected] Read more
Amanda Armitage
Associate Director - Business Development - Professional and Financial Risks +44 (0) 20 7031 2493 [email protected] Read moreSUBMIT AN ENQUIRY
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