Insurance Cover for Accountants and Bookkeepers

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

Looking after the financial needs of clients can be a challenging process and the last thing and 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 organisation or an individual and their staff member negligently make an error, then they could be held liable for the losses suffered by their client.

WHY CHOOSE GENOA?

As Genoas 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

OUR COVER CAN INCLUDE:

Professional Indemnity

Our cover against errors and omissions are very wide and we offer the following extensions:

Claims Preparation Costs
Defamation
Defence Costs
Employee fraud and dishonesty
Loss of Documents
Joint Ventures
Sub-Agents
Wrongful Arrest

Fidelity Guarantee Cover

Indemnifies 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 by an employee in the course of employment.

Insured can elect to take out cover in one of 3 ways:
Blanket Basis – this covers all staff members who hold a valid employment contract.
Named Position Basis – this covers staff in various positions within the organisation.
Named Person Basis – this covers specific specified staff within the firm.

Third-Party Impersonation Fraud

Covers the Insured 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