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APEX Insurance Brokers are able to assist you and your business by:
We understand the risks accounting firms face and can assist you with the following: Professional Indemnity Our staff have over 13 years specialty experience in assisting accountants with their professional indemnity insurance needs. We also have access to some of the most competitive and sort after insurance products available to accounting firms. Professional Indemnity insurance is a form of liability insurance that provides cover for the financial consequences of professional negligence, following a breach of professional duty by way of neglect, error or omission. In addition, an indemnity is provided in respect of the legal and other costs and expenses incurred in the defence of any claim. The general philosophy in the litigious world that we now live in tends to be 'if something goes wrong, somebody must be to blame, and that somebody has to pay'. A consultant cannot ignore an allegation of professional negligence. The allegation must be defended or admitted, and as a result, there will be cost implications in either case. Professional Indemnity insurance provides the ultimate safety net when all else fails.
Management Liability With the increasing responsibilities of directors and officers as well as licensees the potential for experiencing an allegation for an actual or alleged wrongful act continues to grow. This is a policy that is generally accepted as protecting against a Financial Loss sustained in the course of the General Management of a Company. This includes the various elements of business operations – Shareholders, Suppliers, Customers, Employees, Competitors and Regulators. Elements of protection include a combination of coverage to address particular risks including Directors and Officers, Employment Practices Liability, Statutory Liability and Crime (employee theft). Office Insurance (Business Package)
If you would like to discuss your insurance coverage or obtain a quote, please do not hesitate to contact our Account Managers, Nathan Corrigan or Luke Munro direct.
or Nathan Corrigan |
Insure your Accounting Firm With the Local Specialists Ensuring your professional indemnity policy complies with the minimum requirements can be a head ache in itself. Add to that the worry of knowing if the policy you are purchasing is the most appropriate for your firm and you may find yourself in all kinds of worry, concern and uncertainty.