Professional indemnity insurance for tax agents

If a claim (and or a circumstance which may give rise to a claim) is made against you, you must notify your broker as soon as reasonably practicable.  The first step is typically the release of a claim form for completion.  It will also be necessary to provide a copy of any third-party correspondence and or demands received.  Other pertinent information, dependant on matter/allegations being made may also be required. For example, a copy of the Service Agreement / Contract held with the claimant.

We want you to get the best possible outcome, so we will advocate for you throughout the entire claims process. Claims can be stressful, but we strive to make the process straightforward.

Tax agents aren’t legally required to have insurance in Australia. However, it is often a compulsory requirement imposed by regulatory bodies – such as the Tax Practitioners Board.

Yes. Without the proper cover, your tax practice or freelance tax business is exposed to a plethora of risks. If a claim is made against you, you’ll need to self-fund the damages and expenses – including the legal costs of defending the claim. Professional indemnity insurance can help safeguard your business when you need it most.

Absolutely. Generally speaking, freelance tax agents face the same risk exposures as those in an accounting practice. However, where a tax agent in an accounting practice would require management liability insurance, a freelance tax agent would not.

A certificate of currency is proof that you hold a current insurance policy. Once you’ve paid for your tax agent insurance policy, we’ll email your certificate of currency to you immediately.