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Accountants

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

LEI that’s delivered by trusted legal experts. In addition to our advice services, our in-house law firm provides specialist expertise when the unexpected happens.

Cyber

Cyber risks cover designed to protect against both liabilities and the policyholder’s own losses, including legal, IT security and regulatory costs.

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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.

PR crisis management

Expert guidance and advice on dealing with the media where a claim has the potential to result in adverse press attention. We’ll evaluate the situation and provide the necessary guidance and personal support.

Business and legal helpline

Markel’s in-house team of lawyers offers advice on everyday legal and employment matters such as GDPR and disclosure, contractual queries and employment disciplinary.

Business Hub

Access 850+ documents, contracts, templates and videos to support you.

Employment law advice

Our team can help support with a range of employment issues to help prevent a claim, including disciplinary and grievance procedures, recruitment and dismissals.

*Please refer to your policy for exact services included. Learn more.

Featured service

Business 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.

Insights and resources

  • Find out more

    Access proposal forms to request a quote or view technical documents related to our products or services.

  • Services

    From our 24/7 business and legal helpline, to our R&D tax relief consultancy, our customers have access to our legal and tax services, providing a complete solution for their wider business needs and goals.

  • Our claims service

    We aim to settle claims as efficiently as possible so our policyholders can get on with their lives.