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Accountant insurance is a general term for insurance products that may be relevant to accountants, accounting consultants, registered tax agents, BAS agents, public practitioners and small accounting firms.
Accountants provide professional advice, manage confidential financial information and rely heavily on digital systems. Depending on the cover arranged, insurance may assist with risks such as:
The cover available will depend on the policies selected, your accounting services, business structure, insurer acceptance, policy limits, conditions and exclusions.
Accountants manage risks involving professional advice, financial reporting, taxation, confidential client information, digital systems, office property and the operation of a professional practice. The insurance products that may be relevant will depend on your services, clients, annual fee income, employees, business assets and professional requirements.
Running an accounting practice involves more than providing professional services to clients. You may also have computers, portable devices, office furniture, electronic equipment, business records or commercial premises to protect.
Business Package Insurance lets you combine a range of cover options in one policy, depending on your accounting activities, business property, needs and the insurer’s requirements.
Cover options may include:
For an accounting practice, these options may help address risks involving office contents, computers and portable devices, damage to insured business property, theft and interruption to the practice following an insured event.
Depending on the insurer, additional Business Package sections may include Employment Practices Liability, Employee Dishonesty and Statutory Liability. Management Liability is generally arranged as a separate insurance product rather than being treated as a Business Package section.
Not every accounting practice needs every section, and not all covers are automatically included. The cover selected should reflect the accounting services provided, the property and equipment used, how the practice operates and the risks it faces.
Available cover options, combinations and limits vary between insurers and policies. Some sections may require another cover section to be selected. Cover is subject to policy terms, conditions, limits, excesses and exclusions.
This information is general only and does not take into account your objectives, financial situation or needs. Consider the relevant policy wording or Product Disclosure Statement and, where applicable, Target Market Determination before deciding whether a product is right for you.
The cost of accountant insurance varies depending on the accounting and professional services you provide, your annual fees or turnover, who works with you, the types of clients you service and the cover options selected. There is no single price. Insurers assess your business activities and risk before calculating your premium.
Several factors can influence the cost of accountant insurance. These may include whether you provide taxation services, prepare financial statements, undertake audits, provide business advice, work with larger organisations, employ staff, handle sensitive client data or need certain insurance limits for professional registration or client contracts.
Accountants often compare different cover limits and policy types depending on the professional services they provide, their annual fee income, registration requirements, professional body requirements, client contracts and business structure.
Premiums are subject to individual underwriting, insurer acceptance, and policy terms, conditions, limits and exclusions.
Provide your business details, compare available insurance options and receive your documents once cover has been arranged. 01 Step 1
Tell us about your accounting services, annual turnover or professional fee income, client types, employees, contractors, business structure and any professional registration requirements.
Compare available Professional Indemnity, Public Liability and other insurance options and limits against your accounting activities, professional requirements, business structure and insurer criteria.
Once cover has been arranged and payment completed, your Certificate of Currency and relevant policy documents can be issued electronically.
Cover is subject to insurer acceptance and the relevant policy terms, conditions, limits and exclusions.
Insurance requirements for accountants in Australia depend more on the professional services provided, registration held and professional body requirements than on the state or territory where the accounting practice is located.
Registered tax agents and BAS agents who are required to maintain Professional Indemnity Insurance must meet the applicable Tax Practitioners Board requirements. Accountants operating in public practice may also have Professional Indemnity requirements through CPA Australia, Chartered Accountants Australia and New Zealand, the Institute of Public Accountants or another professional arrangement. Separate requirements can apply to regulated audit activities.
There is no single Public Liability Insurance requirement that applies to every accountant throughout Australia. Additional insurance requirements may instead arise through professional registration, professional body membership, client contracts, office leases or other business arrangements.
Accounting practices employing eligible workers should also check the Workers Compensation requirements that apply in the relevant state or territory.
Last reviewed: September 2026.
Note:
Requirements vary depending on the professional services provided, registration status, professional memberships, business structure, annual fee income and client arrangements. An accountant providing general accounting services may have different obligations from a registered tax agent, BAS agent, public practitioner or registered company auditor. This information is general only and should not be relied on as legal, registration or compliance advice. Confirm current requirements with the Tax Practitioners Board, ASIC and any relevant professional accounting body.
Accountants operating in the ACT who provide tax agent or BAS services for a fee or reward may need Tax Practitioners Board registration and must meet the applicable national Professional Indemnity Insurance requirements.
Accountants practising under a CPA Australia, CA ANZ or IPA public practice arrangement should also check the insurance requirements attached to their membership or practising certificate.
Additional insurance requirements may be set by individual clients, office leases or commercial contracts.
Accountants operating in New South Wales are subject to the national registration requirements applying to tax agents, BAS agents and regulated audit services.
Registered tax practitioners who are required to maintain Professional Indemnity Insurance must ensure their cover continues to meet Tax Practitioners Board requirements.
Public practitioners should also check any Professional Indemnity requirements imposed through CPA Australia, CA ANZ, IPA or another applicable professional arrangement.
Accountants in the Northern Territory who provide regulated tax agent or BAS services are subject to the national Tax Practitioners Board framework.
Professional Indemnity Insurance requirements may also apply through professional accounting bodies, practising certificates or other professional registrations.
Accounting practices should check the requirements applying to their exact services rather than assuming the same insurance obligations apply to every accounting business.
Queensland accountants providing tax agent or BAS services for a fee or reward may be required to register with the Tax Practitioners Board and meet the applicable Professional Indemnity Insurance requirements.
Accountants holding public practice certificates through recognised professional bodies may have additional Professional Indemnity requirements.
Client agreements, commercial leases and larger corporate engagements may also specify particular insurance conditions.
Accountants operating in South Australia should consider the national registration rules applying to the professional services they provide.
Registered tax and BAS agents who are required to hold Professional Indemnity Insurance must meet the Tax Practitioners Board requirements.
Public practitioners and accountants performing regulated audit work should also check the requirements of their professional body or relevant national regulator.
Accountants in Tasmania who provide tax agent or BAS services for a fee or reward may be subject to Tax Practitioners Board registration and Professional Indemnity Insurance requirements.
Professional body requirements can also apply to accountants practising under CPA Australia, CA ANZ or IPA arrangements.
The insurance arrangements required can vary according to the services provided, professional status and structure of the accounting practice.
Victorian accountants are generally subject to the same national Tax Practitioners Board, professional body and ASIC requirements that apply to equivalent accounting services elsewhere in Australia.
Registered tax practitioners who are required to maintain Professional Indemnity Insurance must ensure their policy meets the applicable Tax Practitioners Board requirements.
Public practitioners should also check the insurance conditions attached to their professional membership or practising certificate.
Accountants operating in Western Australia who provide regulated tax or BAS services may need Tax Practitioners Board registration and must meet applicable Professional Indemnity Insurance requirements.
Accountants operating in public practice should also check insurance requirements associated with CPA Australia, CA ANZ, IPA or another relevant professional body.
Separate requirements can apply where an accounting practice undertakes regulated company audit work.
Accountant insurance may suit sole practitioners and accounting businesses providing professional accounting, taxation, reporting and advisory services to individuals and businesses.
Contractor Cover is the one-stop insurance shop for contractors across Australia.
We help contractors, subcontractors and small businesses compare commonly arranged business insurance options in one place. Choose from available cover types and limits based on your trade, business activities and contract requirements, subject to insurer acceptance, policy terms, conditions, limits and exclusions.
Call our team today at 1300 438 268 for more information or fill in our easy online quote form.
270k+ businesses covered
20+ years of experience
Contractor insurance specialists
At Contractor Cover, we’re proud to have a dedicated executive team that brings decades of experience, strategic insight, and an unwavering commitment to supporting Australian contractors.
John Elliott is the founder of Elliott Insurance Brokers, the business behind Contractor Cover. With nearly 20 years of insurance industry experience, John helps guide the business with a focus on practical cover, reliable service and clear support for Australian contractors.
Rachael Milne joined Elliott Insurance Brokers in 2012 and supports the systems, planning and financial structure behind Contractor Cover. Her work helps the business operate smoothly while supporting clear, reliable insurance services for contractors Australia-wide.
Kris Wright supports Contractor Cover through technology, systems and process improvement. His work helps keep the online quote experience simple, organised and efficient, making it easier for contractors to compare cover options and access documents quickly.
Tim Stingers brings more than a decade of insurance experience, with a strong focus on trades and construction. His knowledge helps support contractor-focused cover options for tradies, subcontractors and small construction businesses.
There is no single insurance requirement applying to every accountant in Australia. Requirements depend on the professional services provided, registration held, professional memberships and business arrangements.
Professional Indemnity Insurance is particularly relevant because accountants provide professional advice and specialist services. Registered tax agents and BAS agents who are required to maintain Professional Indemnity Insurance must meet applicable Tax Practitioners Board requirements.
Professional Indemnity Insurance is not subject to one rule requiring every person who works as an accountant to hold a policy. However, it can be required for particular professional registrations, memberships and practising arrangements.
Registered tax practitioners and accountants operating under professional body public practice arrangements should check the Professional Indemnity requirements that apply to their registration or membership.
The Tax Practitioners Board sets Professional Indemnity Insurance requirements for registered tax practitioners who are required to maintain cover. The amount and conditions applying to a particular practice can depend on factors such as turnover and the nature of the services provided.
Professional body or contractual requirements can differ from Tax Practitioners Board requirements. Accountants should check each requirement applying to their practice before selecting a policy limit.
Professional Indemnity Insurance may respond to certain claims alleging that negligence, an error, an omission or another covered professional act caused a client financial loss.
This could include claims connected with taxation, accounting or financial reporting services where those activities fall within the insured professional services. Cover depends on the circumstances, policy wording, disclosed activities, limits and exclusions.
Cyber Liability Insurance may provide cover for certain claims, losses and response costs following a covered cyber breach or attack.
Depending on the policy, this can include data breaches, theft or loss of client information, cybercrime, cyber extortion, forensic investigation, data recovery, notification costs and certain business interruption losses.
Cyber Liability Insurance may provide cover for certain incidents involving the theft, loss or unauthorised release of client information.
This may be relevant to accounting firms storing tax records, identification documents, payroll information, bank details and other confidential financial data. The circumstances of the incident, security controls, limits and exclusions will affect whether a particular event is covered.
There are different cover structures that may apply to dishonest acts by employees.
Employee Dishonesty Insurance is a Business Insurance cover designed to protect a business against certain financial losses caused by theft, fraud or dishonest acts committed by an employee.
Crime or Fidelity Insurance can also be available under Management Liability and may provide broader or differently structured protection for covered criminal or dishonest acts. The two covers should not be treated as identical, so the applicable policy wording should be checked.
Accounting firms with eligible employees may have Workers Compensation obligations under the relevant state or territory scheme.
Management Liability may also be relevant because it can include Employment Practices Liability for certain employment-related allegations, as well as Directors & Officers Liability, Corporate or Entity Liability, Crime or Fidelity and Statutory Liability, depending on the policy selected.
Portable Equipment Insurance, also known as General Property Insurance, can be available as part of Business Insurance. It is designed to cover eligible portable business property against loss or damage caused by insured events.
For accountants, this may include laptops and other eligible portable electronic equipment used away from the main business premises. Limits, security requirements, insured events and exclusions vary by policy.
A Business Insurance Package can combine Public & Products Liability with selected property, equipment, financial and other business covers.
Depending on the policy, optional sections can include Building, Business Interruption, Contents, Electronic Equipment, Portable Equipment / General Property, Employee Dishonesty, Employment Practices Liability, Glass, Goods in Transit, Machinery Breakdown, Money, Statutory Liability, Tax Audit and Theft.
A Certificate of Currency is evidence that an insurance policy is current on the date shown.
Professional bodies, clients, landlords and other organisations may request a Certificate of Currency as evidence that an accounting practice holds Professional Indemnity, Public Liability or another insurance policy.
You should review your insurance at renewal and whenever your accounting practice changes. This helps ensure the activities and circumstances disclosed to the insurer still reflect the services you provide.
Common review triggers include:
We take your privacy seriously. Your information is collected, stored and used to arrange insurance, issue documents, support your policy and assist with claims.
You may view our full privacy policy at any time for more information about how personal information is collected, used, disclosed and protected.
To get started with your business insurance, request an online quote for your occupation. If you cannot see your occupation or require cover for specialist accounting activities, contact our team for more information.
Mon - Fri: 8:30am - 7:00pm WSTSat: 9:00am - 5:00pm WST
info@contractorcover.com.au
1300 438 268
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