Financial Environment – Accountants and Bookkeepers

Bespoke Professional Indemnity, Fidelity Guarantee and Third Party Impersonation Fraud Policy for Accountants and Bookkeepers


Accounting is a fundamental element of business, linked to providing control, stability, and accountability to a company’s finances. The work and advice of Accountants is relied upon and trusted by clients as it helps clients track their income and expenditure, make business decisions and ensure compliance with accountancy laws and regulations.

This evolving role often requires expertise that goes beyond crunching numbers to also include knowledge of accounting systems, business valuations, and mergers and acquisitions.

Professional Indemnity Insurance protects Accountants and their businesses against the claims or alleged claims of a client relating to inadequate advice or services or an omission to complete a specific task within a specified period. The cover provides defence costs to defend a claim or allegations as well as any compensation required to address any negligence.


As Genoa's footprint in the liability space continues to grow from strength to strength, we thought we would share with you why more and more brokers are choosing to work with us as their partner of choice:

Our Underwriters are committed to providing our clients with superior turnaround times when issuing quotations and schedules of cover

Our underwriters are experts in their respective fields and are able to offer our clients technical advice which helps empower them to secure an account

We have strong working relationships with the top re-insurers in the country including Munich Re and Swiss Re who support all of our Professional Indemnity products

Through strategic reinsurance partnerships we are able to offer competitive market premiums

Our policies include a number of meaningful extensions that offer true value to our thousands of Insured clients

Our Insured Practitioners are represented by the top law firms in the country, including firms like Clyde & Co, Garlicke & Bousfield, Mac Robert Attorneys, Norton Rose Fulbright and Webber Wentzel


Professional Indemnity

Looking after the financial needs of clients can be a challenging process and the last thing an Accountant or Bookkeeper want is to be troubled with the worry about how safe their own business is should they have a claim made against them.

If a company provides accounting/bookkeeping services to an organization or an individual and their staff member negligently make an error, then they could be held liable for the losses suffered by their client.

Fidelity Guarantee Cover

Indemnity can be secured to safeguard the Insured (the employer) for the loss of business account funds or property sustained as a direct result of acts of fraud, theft, or dishonesty caused by an employee in the course of employment.

Cover can be purchased on either a Blanket Basis, Named Position Basis or Named Person Basis.

Third-Party Impersonation Fraud

Cover can be secured to provide the Insured with protection against the loss of money (business and trust funds) subject to the insured having a Verification process in place.

Public Liability

The provides protection against legal liability for claims arising out of accidental death, bodily injury, illness or disease of or to any person; or accidental loss of possession or control of, or actual damage to property arising out of, and in the course of business.

Need this cover?

Our team of Broker Consultants are ready to answer any questions you may have