Professional Indemnity Form - Accountants
Professional Indemnity insurance, can help protect you if you’re accused of making a professional error — whether it’s true or not.
For instance, professional indemnity insurance for accountants could help pay for legal defense costs if a client claims you made a miscalculation on their tax return and sues you for damages.
If you provide public accounting services in Australia then you need to hold professional indemnity insurance.
CPA (Certified Practising Accountants) and ICAA (Institute of Chartered Accountants Australia) require a minimum of $2million in professional indemnity cover.
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