Accounting Practice Insurance
ICPA members benefit from cost-effective insurance options for accountants. Our comprehensive coverage meets professional standards, and we’ve simplified the application process to ensure both compliance and peace of mind.
Professional Indemnity Insurance
- check_small Varying levels of cover available to suit your needs
- check_small Provided by AXA: an A rated insurer known for its reliability. By working with one of the UK’s leading insurers, our members enhance their clients’ confidence in their practices
- check_small Fully ICAEW compliant, meeting all of the Institute’s legal and professional standards, helping you to comply with their affiliation requirements
- check_small A quick turnaround time for policy activation, meaning you’ll be covered when you need it
Management Liability Cover
- check_small Protect you and your business against employee issues, contract disputes and lots of other legal and regulatory risks
- check_small ICPA have used their bulk buying power so you benefit from competitive rates
- check_small Cover is provided by A rated insurer, AXA
- check_small Our MLP cover also includes a range of risk management tools, such as access to legal advice, online legal resource documentation, and legal and regulatory updates that can help you to prevent insurance claims from arising in the first place
Office & Contents Insurance
- check_small Protection for your business contents, business interruption and public / employers’ liability
- check_small ICPA member’s benefit from discounted premium rates
- check_small A ‘package’ product that has been tailored specifically to meet the needs of our members
- check_small Provided by A rated insurer, AXA
Protecting Your Accounting Practice with ICPA Insurance
Finding the right accounting practice insurance policies can be a challenge. There are cost concerns, with high insurance premiums affecting your profitability. There are coverage limitations, which could leave you with insufficient protection. Certain insurance types are a legal requirement, and it can be hard to navigate complex compliance standards to find the cover you need.
Our tailored accountants’ insurance policies provide high-quality coverage – and without excessive costs.
Through your ICPA membership* (*tier dependent), you can access various insurance types at exclusive rates, giving you long-term savings through comprehensive protection. What’s more, you’ll also have access to additional resources and support services, all in one place.
Professional Indemnity Insurance
Management Liability Cover (MLP)
Office & Contents Insurance
Become an ICPA member by signing up today!
The benefits of joining ICPA are clear. On average, members save thousands a year with the ICPA, as well as benefiting from unrivalled support and resources.
- check_small Expert Advice and Support
- check_small Exclusive Technical Resources
- check_small Tolley's Fundamentals and Elements Access
- check_small Comprehensive Insurance Coverage
- check_small Plus much more...
Why Insurance is Essential for Accountants
Accountancy practices face a huge number of risks.
A client could deem you to have offered negligent advice, or you may make a costly mistake in their accounts or tax return. You could be accused of breaching your professional duty or sharing confidential data.
Your office contents could be destroyed by flooding or fire, or one of your team members could be injured in the workplace. A member of your management team could be personally sued for a civil, criminal or regulatory claim relating to their work.
Our insurance for small accounting practices covers all of these scenarios – and more.
This is tailored insurance for small accounting practices, designed to meet your firm’s specific needs. As with any insurance policy, we also offer options to adjust your level of cover as your practice grows.
ICPA’s accounting practice insurance policies provide you with protection against a wide range of risks, giving you the peace of mind of knowing that all critical areas are covered.
In need of ICAEW-compliant insurance? You’re in the right place. Our insurance cover meets all necessary professional and legal standards for ICAEW members, making it easier for you to adhere to regulatory requirements.
Alongside our insurance cover, the ICPA also offers expert support. Our members benefit from guidance on compliance-related matters, as well as regular updates on changes in regulations.
Benefits of Choosing ICPA Insurance Solutions
At the ICPA, we offer a range of accounting practice insurance solutions from a reputable provider and at significantly discounted prices, giving you peace of mind at a lower cost
Tailored Policies for Accountants
- check_small All three of our policies are tailored specifically to the accounting industry, covering risks that are specific to your industry. This ensures that the level of cover is both relevant and effective
Cost Effective Coverage
- check_small Through our partnership with AXA, we are able to offer competitive premiums exclusively to ICPA members - and you’ll reap the long-term financial benefits through a comprehensive level of protection
Peace of Mind with Reliable Insurers
- check_small All of our insurance options for accountants are provided by A-rated insurer AXA: a reputable insurer with a strong history of paying claims. This gives our members the confidence that they will receive consistent support and claims-handling experiences
How to Access ICPA Insurance Policies
It’s easy to get started with our insurance for small accounting practices. Simply sign up to become an ICPA member, choosing the membership level that best suits your practice’s needs. Once you’re signed up you’ll unlock these exclusive insurance options.
Customise your policy by assessing your practice’s specific needs, allowing you to choose the cover that aligns with your risks and budget. The application process is straightforward, and includes guidance to help with every stage. Be sure to include accurate information to ensure that you have the appropriate coverage.
Frequently Asked Questions
If you still have questions about our accounting practice insurance for accountants, see our FAQs below – or get in touch to talk to a member of the ICPA team.
Through exclusive agreements and bulk purchasing power, allowing us to pass savings on to our members.
Yes, our policies are designed to comply with all relevant professional standards.
Absolutely: all of our policies are flexible to adapt to your changing needs.
What support is available during the application?
We offer dedicated assistance for each policy type, designed to ensure a smooth and accurate application process.
Tax Fee Protection Insurance by Vantage
In addition to the above protections ICPA members benefit from discounted Tax Fee Protection Insurance schemes provided by our market leading partners Vantage, who focus simply on providing the best possible Tax Fee Protection Insurance schemes, tailored to the needs of your practice, at the most competitive rates.
More specifically, Vantage can provide ICPA members with:
- Market leading Policy Coverage
- Delivered by the most experienced staff
- Tailored marketing support
- A range of digital solutions
Like what you see?
Join other ICPA accredited accountants today!
Protect your accounting or bookkeeping business today and concentrate on what really matters, your clients.
Join ICPA for exclusive insurance options, designed specifically with accountancy firms in mind. To get a personalised quote or to learn more about our insurance coverage for accountants, get in touch.
