Professional Indemnity for Accountants & Auditors

Professional Indemnity for Accountants & Auditors

Professional Indemnity for Accountants & Auditors - Secure Your Professional Excellence with Pacis

Pacis Insurance extends a robust shield to the accountants & auditors. With our indemnity cover, navigate through your professional responsibilities without worry. Let us handle the risks so you can focus on what you do best.

What is Professional Indemnity for Accountants & Auditors?

Pacis Insurance’s Professional Indemnity Insurance for Accountants & Auditors is a liability shield against legal challenges arising from negligence, errors, or omissions. Whether you’re in private or full-time employment, our cover ensures that your focus remains on your core business, as we handle the risks. Note: This policy does not cover Tax consultants.

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key features

What are the key features of this insurance?

Coverage Scope
Court judgments, legal defense costs, disciplinary hearings, defamation suits
Retroactive Cover Option
Covers incidents before the policy inception date (no cover for uninsured periods)
Re-instatement Option
Cushions if the primary limit is exhausted during the insurance period
Run-of Cover Extension
For retirement or career changes, covers past incidents
Deductible/Excess Options
Ranging from 50,000 to 200,000 depending on liability limits

Professional Indemnity for Accountants & Auditors

Product Benefits

Peace of Mind
Enhances confidence in service delivery, leading to effective results
Increased Credibility
Enhances goodwill and brand image, reassuring clients and investors
Smooth Business Operation
Restores financial position after legal losses without interruptions in operations

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Frequently Asked Questions

What does the policy cover?

Covers financial and reputational losses due to professional negligence, errors, or omissions

Does it cover Tax consultants?

No, the policy does not cover Tax consultants

What are the available extensions?

Retroactive cover, re-instatement, run-of cover are available at additional costs

How do I sign up?

Complete the proposal form online or from an intermediary, pay premiums, send necessary documents

What are the limits of liability for personal injury?

Death or bodily injury to any one person: Kshs. 3,000,000;
series of claims arising from one event: Kshs. 20,000,000.

How do I make a claim?

Write to Pacis, make clear records, follow the guidelines provided

What are the cover limits and premium options?

Refer to the provided table of Limit of Liability and Annual Gross Fees

Is there a deductible or excess?

Yes, ranging from 50,000 to 200,000 depending on liability limits

Can I get cover for incidents before policy inception?

Yes, with the retroactive cover option

What if I change my career or retire?

Run-of cover extension is available for such scenarios