Claims against accountants can arise from tax, accounting, bookkeeping, audit, financial reporting and advisory services.

Examples of allegations can include:

• Errors in tax returns or other lodgements
• Missing a lodgement or payment deadline
• Incorrect financial statements
• Accounting or bookkeeping errors
• Incorrect tax or business advice
• Audit errors
• Failure to identify material issues
• Incorrect valuations
• Financial calculation errors
• Failure to follow client instructions
• Breach of confidentiality
• Conflicts of interest
• Delays causing financial loss
• Failure to supervise employees or contractors

A claim can be made even where the accountant believes the work was correct.

Defence costs and professional expenses can still arise when responding to an allegation.

Professional Indemnity Insurance may respond to certain claims arising from insured professional services.

Cyber Insurance may instead or additionally be relevant where an incident involves compromised systems, personal information, fraudulent emails or altered payment instructions.

If you become aware of an error, complaint, demand or circumstance that could lead to a claim, notify Webber Insurance promptly.

Email [email protected] or use our Claims page.