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Accountancy Insurance FAQs

To help you understand more about accountant's insurance, here are the answers to some of our most frequently asked questions.

Do you need insurance to be an accountant?

In most cases, it’s essential for practising accountants to have business insurance, and it’s usually a requirement of your regulatory body or membership association.

What is professional indemnity insurance?

Professional indemnity insurance - or PI insurance - is a type of business insurance that protects you if you need to pay compensation to your clients. It is typically taken out by businesses that give advice or provide professional services. Find out more in our guide.

What about cyber insurance?

If you keep a lot of sensitive client information, it’s a good idea to consider cyber insurance. It can help keep your business information safe and secure should you suffer a privacy breach or an attack.  This is a separate policy that we can arrange for your business.

How Bionic Works

Friendly, professional agents

Our team speaks your language and won’t waste your time. We use secure smart data to find out more about your needs and only ask questions relevant to your business.

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We’ll talk you through the quotes

Once we know more about your needs, we’ll work with you to find the right cover. We’ll cut through the insurance jargon and answer any questions you might have.

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Renewals remembered for you

With your cover arranged, you need never worry about missing an insurance policy renewal date, as we’ll keep you updated for complete peace of mind.

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