Deciding on the types of insurance that your accountancy business needs can be confusing. So pick a broker that will spend time with you to understand your business.
We will be able to recommend what you must have, should have and could have but the table below tells you more about the insurance that business in the accountancy sector should be considering.
We can help accountants in Bromsgrove, Evesham, Droitwich Spa, Redditch, Worcester, Warwickshire, West Midlands and further afield.
To insure the buildings against damage such as fire, storm, flood or escape of water.
Damage to equipment (furniture, computer equipment etc.) at and/or away from the premises. Can include breakdown of computer equipment.
Cyber insurance can cover damage to equipment for example by, computer hacking or ransomware attacks, plus the cost of notifying contacts following a data breach.
To cover damage to fixed glass and sanitary fittings.
This covers damage to your vehicles and your liability to third parties. Third party liability insurance is compulsory.
To cover lost income and the costs of keeping the business running following insured damage at the premises.
Cyber insurance can cover loss of income following a data breach, denial of access or cyber attack.
Handling cash or valuable stock can result in theft by employees. This insurance will cover such events.
To provide legal advice and costs of pursuing or defending certain actions such as employment, contractual or property disputes.
To cover legal defence costs and awards made against you arising from your liability at law for injury to your employees. This is compulsory.
Usually added to Directors’ & Officers’ Liability insurance, this protects the business in the event of an alleged wrongful employment act.
To cover legal defence costs and awards made against you arising from your liability for breach of contract, negligence or breach of confidentiality. This is compulsory for an accountant and certain minimum limits of indemnity are required.
To cover legal defence costs and awards made against you arising from liability at law for injury to others or damage to their property arising out of your business activities (but not products supplied).
To cover claims from third parties for damage to their systems, loss of money, business interruption, breach of copyright, penalties from regulator.
To provide a lump sum payment and/or regular weekly payments following permanent or temporary disablement as a result of an accident e.g. loss of an eye or a broken leg.
To provide cover for medical expenses, cancellation costs, money, lost passport, replacement employee expenses for employees travelling on business.
Ms CP, Sonographer, Eastbourne
Ms DM, Radiographer, Clacton on Sea
Victoria Fothergill, Sonographer, Nottingham
CH, Sonographer, Basingstoke
Julia Warne, Sonographer, Cheltenham
MB, Sonographer, Ilford
