Comprehensive insurance cover designed for the unique challenges faced by professional firms.
For a professional firm to operate efficiently and with confidence, having the right insurance cover is essential. We provide a range of solutions designed for provincial chartered, certified and management accountancy practices. Our products comply with relevant professional body regulatory requirements and are backed by an efficient, well-managed claims service.
Coverages designed to support accountants
Markel UK offers a wide variety of coverages for professional risks such as accountants.
We provide solutions and services to:
- Certified accountants
- Chartered accountants
- Management accountancy practices
Professional indemnity policies have traditionally been arranged on a standalone basis, but we provide a menu offering that allows other types of business protection to be arranged, often under the same policy – resulting in a robust insurance solution designed to minimise gaps in cover. Our menu of covers includes:
Responsibilities to third parties
Public and products liability, professional liability, and management risks
Responsibility as an employer
Employers' liability, employment law protection
Protection of assets
Property damage, damage to portable property
Business continuity
Entity defence, business interruption, money and personal assault, fidelity, cyber and data risks, PR crisis management
Key products sold on a standalone basis to this industry:
Professional indemnity combined
Cover designed for firms operating in specialist sectors offering high-value or complex advice.
Legal expenses insurance
Legal expenses insurance delivered by trusted legal experts.
Cyber
Cyber risks cover designed to protect against both liabilities and the policyholder’s own losses, including legal, IT security and regulatory costs.
Additional services*
Clients also have access to additional services to help policyholders navigate everyday challenges. Depending on your coverage, you can opt in or add services you need for an additional cost.
*Please refer to your policy for exact services included. Learn more.
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Law Hub
An online hub containing 850+ DIY contracts, policies, forms, and letter templates, covering every area of business, including health and safety, trading and contracts, and cyber and data.
Case study
Incorrect tax code assigned to an employee
An employee of the claimant did not pay enough tax, due to the policyholder using an incorrect tax code. As the error had been made by a professional and was not the fault of the individual employee, HMRC refused to pursue the individual directly and the claimant was forced to pay the unpaid tax which they looked to recover from the policyholder.
Following discussions between the policyholder and the claimant, the claim was eventually settled for £3,564.26 net of the policyholder’s £250 excess.
Following discussions between the policyholder and the claimant, the claim was eventually settled for £3,564.26 net of the policyholder’s £250 excess.
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