An accountant insurance quote generally requires information about the practice, professional services and previous insurance history.

Information commonly required #

This can include:

• Legal and trading names
• Business structure
• Business locations
• Professional services provided
• Percentage of fee income by activity
• Actual and estimated annual fee income
• Largest client or engagement fees
• Client types and industries
• Directors and principals
• Employees and contractors
• Qualifications and experience
• Professional association memberships
• Tax agent and BAS agent registrations
• AFSL or authorised representative arrangements where applicable
• Required Professional Indemnity limit
• Current and previous insurance
• Retroactive date
• Claims history
• Known circumstances

When is additional information required? #

More detailed underwriting can be required for services such as:

• Audit
• Insolvency
• Financial planning or investment advice
• Business valuations
• Mergers and acquisitions
• Large or unusual engagements

Insurers may also request information about internal procedures, quality controls or particular clients.

Relevant contracts should be provided where they contain unusual insurance or indemnity requirements.

You do not need to have every document ready before contacting us. Provide the information available and we can identify what else is required.

Contact our team if you need help preparing an accountant insurance submission.