Accounting Consulting

Professional insurance for accounting firms

Detail klávesnice kalkulačky s červeným tlačítkem.

Numbers without the risk of error

Accountants are responsible for the accuracy of data that underpins business decisions and relationships with the state. Even a small typo can lead to hefty fines from authorities, which your client will then seek to recover from you. Professional insurance is your safeguard for peace of mind and a testament to your professionalism for your clients.

Risks for accounting firms

01

Fines and penalties

Liability for damages caused to a client by incorrect accounting entries or late submission of tax returns.

02

Loss of client data

Damage to or leakage of sensitive accounting records and payroll data due to IT failure or attack.

03

Employee embezzlement

Risk of fraudulent actions by your own employees who have access to client finances.

04

Contractual liability

Claims arising from breaches of confidentiality or other contractual agreements with a client.

05

06

Protection for accountants

Fines, penalties, and interest

Professional liability insurance for accountants covers damages caused to a client by a breach of legal obligations. Most commonly, this involves compensation for sanctions (fines, penalties, late payment interest) imposed by the tax authority or social security administration due to an accounting error or late submission of a report.

Liability for data and documents

The insurance also covers the loss, damage, or destruction of entrusted documents and data. Given the sensitivity of the processed data (salaries, financial statements), we also recommend cyber risk insurance and liability for personal data breaches (GDPR).

Let's talk about accountants' insurance

Accountants are responsible for the accuracy of data that underpins business decisions and relationships with the state. Even a small typo can lead to hefty fines from authorities, which your client will then seek to recover from you. Professional insurance is your safeguard for peace of mind and a testament to your professionalism for your clients.

Professional and smiling team of Eurovalley specialists in joint working consultation.