PI & Office Insurance for Accountants

Australianbiz is pleased to have an association with Indemnity Solutions Pty Ltd who offer competitive quotes and expert advice on Professional Indemnity Insurance and all types of Office Insurance for Accounting and Financial Planning practices.

Professional Indemnity Insurance 

Professional Indemnity is becoming increasingly important for the accounting profession given the complexities of taxation and corporate laws and because many Professional Indemnity products exclude areas of contention that render them inefficient and limited in their application. Indemnity Solutions has developed leading edge Professional Indemnity Insurance cover for Accounting and Financial Planning firms.

The Indemnity Solutions Lloyds of London Accountants Policy, underwritten exclusively by SRS Underwriting Agency, provides one of the broadest policy coverage’s currently available to Accountants in Australia today.

The policy was specifically designed with small to medium accounting and tax agent practices in mind and their claims experience demonstrates that it responds to a wide variety of claims. Major features include:

• Legal Fees and Claim Costs paid in addition to the sum insured
• Legal Fees and Claim Costs paid in addition to the sum insured
• Costs Exclusives Excess – no excess is payable unless the claim is upheld
• No Part 1VA or Tax Schemes exclusion
• Vicarious Liability – for advice provided by other Professionals to referred clients
• Management & Computer Consultancy Cover
• Fidelity Guarantee up to $100,000
• Fraud and Dishonesty
• Previous Business
• Outgoing Principals
• Non Imputation Clause
• Loss of Documents (no sub limits)
• Consultants, Sub Contractors and Agents
• Estates and Legal Representatives
• Costs of Official Inquiries (no sub limits)

Office Insurance

Having comprehensive office insurance is all the more important to protect against the cost of losing key tools of trade, like client records. The Indemnity Solutions Office Insurance Package is a unique way of protecting the assets of the practice and you don’t even have to fill out the usual cumbersome proposal form. It is a simple one pager!

Major feature include:

• Choice of 4 levels of sum insured
• Nil excess
• Accidental damage/burglary automatically included to the full amount insured
• Business property in transit included to the full amount insured
• $10,000,000 of Public Liability automatically included
• Unique to this product, rewriting of records up to $25,000 (covering the cost of having to recover files after an accident)

For a fast, efficient way to get a Professional Indemnity/office insurance quote, please complete the following details and a representative from Indemnity Solutions Pty Ltd will contact you to advise on how to complete and submit a proposal form.

About Indemnity Solutions Pty Ltd

Indemnity Solutions is a leading insurance broker for professionals and small to medium sized businesses. The company commenced its commercial existence as AccountInsure Pty Ltd with the sole charter of sourcing and delivering quality and price competitive Professional Indemnity and Office Insurance policies for accounting and financial planning firms across Australia.

Originally a joint venture with OAMPS Insurance Brokers (a subsidiary of Wesfarmers Ltd), the initiative has grown into a significant force on the Professional Risks landscape and enters its next phase of growth re-branded as Indemnity Solutions Pty Ltd. The company has senior brokers with over 20 years Financial Services & PI Broking experience for clients to tap into.

The ability to leverage comes from a position of having over 1000+ Accounting & Financial Planning firms insured. This together with their strong relationships with Underwriters, particularly with Lloyds of London, enables Indemnity Solutions to access preferential rates and enhanced policy benefits for Accountants, Financial Planners and a number of other professionals.

The company strives to provide quotation terms within 48 hours and have dedicated staff to handle policy comparison and any technical questions.