Professional Indemnity Insurance can cover many accounting and related professional services where those services are disclosed to and accepted by the insurer.

Examples can include:

• General accounting
• Bookkeeping
• BAS services
• Tax advice
• Tax return preparation
• Financial statement preparation
• Management accounting
• Payroll services
• Business consulting
• Business planning
• Business valuations
• Audit and assurance
• Forensic accounting
• Insolvency and restructuring
• SMSF accounting and administration
• SMSF auditing
• Company secretarial services
• Accounting software advice or implementation

Do all accounting services have the same underwriting? #

No.

Some activities can require additional information or specific insurer approval.

Examples can include:

• Audit of listed entities
• Insolvency appointments
• Financial planning
• Investment advice
• Merger and acquisition work
• Large financial transactions
• Particular SMSF activities

Professional Indemnity Insurance does not provide authority to perform a regulated activity.

Where a service requires a particular licence, registration or authorisation, those requirements need to be separately satisfied.

The policy should also account for work performed by employees and contractors where the practice may be responsible for their professional services.

Tell us before introducing a materially different service so the activity can be reviewed with the insurer.

Contact our team if you would like help reviewing the professional services insured under your policy.