As an accountant, one of your biggest assets is your advice. You face unique risks, challenges and exposure when it comes to your professional advice. Whether it’s a professional error or a regulatory change, standard business insurance just won’t cut it.
At Barrack Broking, we’re specialist brokers, which means we understand the unique challenges of your industry. We’ll navigate the market to ensure you find an insurance policy that is tailored to your demands and doesn’t leave you vulnerable when you need it the most.
The liability for CPA’s, tax agents, financial planners, bookkeepers and accountants is hard to predict. That’s where we come in.
Accountants face unique challenges due to the nature of their work. So, there are essential coverage elements that your insurance should cover to ensure that you’re adequately protected when you’re doing what you do best. Most insurance claims against accountants are due to the following scenarios:
This provides you and your practice with coverage for any mistakes made in BAS, GST, or tax planning that have led to your clients’ financial losses or penalties from the ATO. Or, if you have incorrectly valued the business or its assets. Failure to act on any of the above, or when missing regulatory deadlines, and failing to advise on changes, your practice may face a claim.
You’ll likely be handling high volumes of sensitive client data (i.e. financial records, IDs and bank details). This leaves your practice vulnerable to ransomware, phishing attacks, system failures and business interruption, which may lead to data breach claims or regulatory fines as per Australian privacy laws.
This protects your practice when claims of employee disputes occur, such as unfair dismissal or harassment claims. Or, when your practice is being investigated by regulatory bodies like ASIC or the ATO, business interruption may occur.
You want to do your job without worrying about the pitfalls, errors or what could go wrong. An insurance policy that works for you is essential. But it’s hard to navigate when you don’t know exactly what kind of protection you need. Our team can help. Reach out to our team of experts today, and we’ll get you covered with a policy that you don’t need to question in no time.
The truth is, general business insurance is optional when you have the appropriate cover for your profession. However, if you want the additional protection for your business, business insurance protects you from:
So, this doesn’t protect your expertise or advice, but rather the physical aspect of your practice. That’s why ensuring you have an insurance policy that looks at your unique risks and challenges helps to effectively protect you from any misjudgements, mistakes or errors.
At Barrack Broking, we’re the experts. So, when you need to find an insurance policy that works for you and covers your unique risks, we’ll make sure to find you the best terms. We leverage our industry expertise and knowledge to navigate the market for you and negotiate the best conditions and pricing for your insurance policy.
Your risks as an accountant mean that you need a policy tailored to you. We’ll get you just that. We’re here from start to finish, so we won’t only find you an insurance policy that protects you and your practice, but we’ll be here if you need to make a claim, managing the entire process from start to finish.
Our clients rely on us for strategic advice and dependable support.
We’ve always have such a great experience with Barrack Broking. Our Account Manager, Dale is incredibly friendly, easy to deal with, and genuinely attentive to everything we need. Nothing ever
thanks again Dale and Barrack for making the insurance renewal process so smooth and timely yet again
Had a great experience with Barrack Broking – Insurance Brokers Brisbane. The whole process was smooth, professional, and easy to understand. A big shoutout to Amiel – absolute superstar. He
Competitive premiums offered. Great service going over and above. I have peace of mind knowing the insurance policies are looked after by a wonderful highly experienced team. Can not be
Excellent Communication, and provide great options and competitive Premiums. Just a pleasure to deal with. Highly recommend this team to any business owner.
Extremely attentive, took real time to understand the business and saved us a considerable amount on our premium – highly recommended
As all businesses operate in an uncertain world, Barrack Broking is dedicated to delivering strategy, ideas and certainty to protect your business.
"*" indicates required fields
