Frequently Asked Questions

These frequently asked questions are designed to help you and include questions relating to policy cover and ‘technical’ terms. Whilst we have tried to make these as clear as possible they do not form part of the policy document and contain only general descriptions.  You should refer to the actual policy issued for the binding terms, conditions and exclusions of cover.

Any business or individual operating in a professional capacity can be held liable if an error or omission in their advice or services causes a financial loss to a third party. Bookkeepers are no different. 

Professional indemnity insurance provides cover for both the cost of defending such claims, and for subsequent damages for which the policy holder is liable.

When should my policy start?

You need to have Professional Liability Insurance in place before you start practising

What level of cover do I need?

All bookkeepers should consider their potential liabilities individually and ensure that they insure to an adequate level. Your policy will operate on an ‘any one claim' basis - i.e. the limit of indemnity you choose will apply to each claim made under the policy independently and the policy will also have an aggregate limit.