Cover that works for you
As an accountant, your clients are relying on you to look after quite possibly one of the most important aspects of their business – their finances. Every penny counts, and attention to detail is crucial.
That means having the right insurance in place that works with the challenges of your business is going to support you if things go wrong. At AXA, our passion is making sure your protected, it’s what we do best.
ACCA’s Professional Indemnity requirements for members
Before we start getting into the specifics of the cover we offer, it’s important you understand the requirements laid out by ACCA for all its members.
All members that hold a practicing certificate must have Professional Indemnity Insurance
If your total income is
less than
£600,000
you must have a PII cover limit of 2.5x your firm’s total income (with a minimum level of at least £100,000)
If your firm’s total income is
more than
£600,000
you must have at least £1.5 million of cover
The complete list of profession indemnity requirements for ACCA members can be found here: ACCA Member Professional Indemnity Insurance Requirements.
Professional Indemnity Insurance from AXA
Insurance protects your against claims made by your clients if they suffer a financial loss due to an error or mistake made by you or your business.
This is especially important for accountants, who are the main line of defence when it comes to their client's finances.
What you’re covered for
As standard, AXA Professional Indemnity Insurance covers you for:
Financial losses
If a client loses money due to incorrect or negligent advice you’ve given them
Breach of confidentiality
Accidental disclosure of sensitive information without your client’s consent
Copyright infringement
Accidentally using someone’s intellectual property without permission
Bodily injury (breach of professional duty)
Injury caused to someone who isn’t an employee, due to incorrect or negligent advice, design or specifications you’ve provided
Court attendance costs
Compensation if court attendance is required by any director, partner, principal or employee
Defamation
Protection from compensation claims and legal costs if you’ve been accused of libel or slander
Loss of documents
Covers loss or irreparable damage to important or sensitive documents you are responsible for
Dishonesty of employees
Fraud or dishonesty of employees causing a loss to your clients
Optional extras we can offer
On top of your standard professional indemnity cover, there are other optional extras that you can choose to add extra value to your policy. Choose from:
Business interruption
Ensure that your business can get back on its feet if something – like a storm, flood, or fire – closes your business unexpectedly.
Legal expenses
Protects you from various legal problems, like employment and contract disputes or VAT and HMRC investigations.
Business equipment
Helps you cover the costs of repairing or replacing damaged, lost, or stolen business equipment. Typically this cover is used for laptops, computers, printers, tablets etc.
Professional indemnity insurance is not all AXA have to offer. We can also offer:
Cyber insurance
Protects your business in the event of a data breach or cybercrime. It covers claims for things like hacking and accidental data loss. Please note: cyber insurance is currently offered by our partner, Insync.
Public liability insurance
Protects you if a third party (such as a customer or a member of the public) makes a claim against you because they were accidentally injured, or their property was damaged in connection to your business activities.
Employers’ liability insurance
A legal requirement under the Employers’ Liability Act 1969. It’s there to protect your employees if they get injured or become ill as a result of working for your business.
Contents insurance
Can help you replace the contents of your business, like fixtures and fittings, displays, mirrors, and employees’ personal belongings, if they’re damaged, lost or stolen.
Why should you choose AXA for your cover?
There are many reasons to choose AXA for your insurance – here are 5 to start with!
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Cover levels to suit any firm
We can offer professional indemnity policies ranging from £100,000 - £2 million cover. -
Free access to a tax and legal helpline
With us, you’ll get free access to a tax and legal helpline* provided by Arc Legal Assistance Ltd. It’s reassurance when you need it most. -
Cover you can trust
We’ve got a 4.6/5 Feefo rating from customers† – now that’s cover you can rely on. AXA customers can rest easy knowing we’ve got your back if the worst should happen. -
Quick and easy online quotes
Our online quote process is so quick and easy that it takes most people less than 5 minutes** to get cover. -
Access to our AXA Rewards hub for partner offers and discounts
All AXA business insurance customers are entitled to access to AXA Rewards where we bring you offers and discounts from our partners.
Frequently Asked Questions
We understand you may have further questions regarding your coverage and your obligations as an ACCA member. To assist you, we have prepared a comprehensive FAQ guide that addresses common queries and provides clarity on specific topics. Please take a moment to review it.
Choosing the right insurance for us was very easy, each section was informative to help us decide on the elements we wanted included in our policy. Overall a quick and great experience.
Andy, July 2025
Always a good company to deal with. Easy process and a decent price would recommend.
Wayne, July 2025
Very simple and straightforward to get a quote and then buy the policy.
Anthony, July 2025
*The guidance is provided on behalf of AXA by Arc Legal Assistance Ltd who are authorised and regulated by the Financial Conduct Authority.
†Rated 4.6/5 based on 19,967 total reviews. Figure accurate as of 01/04/2026.
**Based on the average time taken for customers to complete an AXA Business Insurance quote online. The average time taken is 4 minutes and 25 seconds.