Professional Indemnity · Accountants

ICPAK Professional Indemnity

Indemnity cover for accountants and audit professionals.

ICPAK Professional Indemnity

Overview

ICPAK Professional Indemnity protects accountants and audit professionals against the cost of defending and settling claims of professional negligence, error or omission in their work. It pays your legal defence costs and any compensation or settlement awarded against you, up to your chosen liability limit.

Professional indemnity is a core protection for anyone offering accounting, audit or advisory services, where a client alleging financial loss can bring a costly claim. The cover is designed around ICPAK members and their practices.

Your premium is based on your practice’s gross annual revenue and the liability limit you select. Complete the short application online, pay securely, and receive your policy.

What’s covered

Legal defence costs
Compensation & settlements awarded against you
Cover for negligence, errors & omissions
Liability limit options to suit your practice
Designed for ICPAK members & audit professionals
Online application, payment & policy

Cover options

What it covers

The cost of defending a claim of professional negligence, error or omission, plus any compensation or settlement awarded against you, up to your chosen liability limit.

How your premium is worked out

Your premium is based on your practice’s gross annual revenue and the liability limit you choose, so it reflects the size of your practice and the level of cover you need.

Who it’s for

Accountants and audit professionals — particularly ICPAK members — who could face a claim alleging professional negligence, error or omission.

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  • Regulated by the IRA
  • Secure M-Pesa & card payments
  • Instant policy documents

Frequently asked questions

Accountants and audit professionals — particularly ICPAK members — who could face a claim alleging professional negligence, error or omission.

It is cover that protects a professional against the cost of claims alleging negligence, error or omission in their work — paying both the legal defence costs and any compensation awarded, up to the chosen limit.

The legal costs of defending a claim and any compensation or settlement awarded, up to your chosen liability limit.

It is based on your practice’s gross annual revenue and the liability limit you select, so larger practices and higher limits attract a higher premium.

The right liability limit depends on the size of your practice and your exposure. You choose the limit during the application, and the premium reflects your gross revenue and that limit.

Complete the short online application, pay securely, and receive your policy.

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