Business Insurance Specialists Pty Ltd
Business Insurance Specialists Pty Ltd is a business insurance broker providing insurance and risk advice to individuals, families, small business and corporate.
Professional Indemnity Insurance for Bookkeepers and BAS Agents
We provide highly competitive premiums and coverage for Professional Indemnity insurance for Bookkeepers and BAS Agents.
Potential exposures for Professional negligence, can arise from the various activities and professional duties of a bookkeeper including:
- Calculating, reconciling, processing and reporting
- Completing regulatory documents including Superannuation Guarantee, Workers Compensation, Data process, and Payment processing when authority is given by business client
- Instigating and maintaining the financial records within the Software (commonly known as SAAS model such as Xero, MYOB, Reckon).
Bookkeepers insurance cover summary
The policy covers negligent acts, errors or omissions made by you in the course of providing professional services to your clients.
Insurance for your bookkeeping activities extends to include coverage for training and education activities in relation to accounting software packages for bookkeeping/BAS Services to your business clients also.
How much does Professional Indemnity insurance cost for a Bookkeeper
The standard 12 month cost for a Bookkeeper for insurance is provided below.
Insurance options –
| Tier | Annual Turnover | Limit Required | Minimum Cost |
|---|---|---|---|
| 1 | Up to $75,000 | $250,000 | $290.00 |
| 2 | Up to $500,000 | $500,000 | $360.00 |
| 3 | Over $500,000 | $1,000,000 | $1,230.00 |
Premiums include all charges and fees. Apply online. Prices provided are as at 1 January, 2020.
Insurance Regulatory Requirements
This Professional Indemnity insurance meets the requirements of both the Tax Practitioners Board and Tax Agent Services Act 2009.
How do I start insurance for my Bookkeeping business?
We provide coverage with very competitive pricing. No paperwork other than a quick and easy on-line application form which can be completed in less than three (3) minutes is required in order for us to confirm pricing.
If you wish to also take Public Liability coverage, please advise.
As you may be visiting your client's operations, having, Liability coverage provides insurance protection to you for personal injury or damage that you may be found liable for.
If I have a Bookkeeping Insurance claim what happens?
To simplify and expedite the process, we provide an interactive on-line Professional Indemnity claim form. Complete initially, and we will begin working on your insurance claim straight away.
Due to the nature of this type of insurance, do not admit liability as your Insurer will act on your behalf in dealing with your client.
Policy Documentation
Following receipt of the form and commencement of coverage at your request, we will forward policy documentation to your provided email address.
To obtain a no obligation competitive premium quotation, complete this form today.