Professional Indemnity Insurance for Accounting Firms

Specialist Protection Against Claims Arising from Professional Errors and Omissions

We offer a tailored insurance solution designed to protect accounting firms against claims stemming from professional mistakes or omissions.

Who is it for?

Commercial accounting firms seeking complementary protection beyond the coverage provided to individual accountants by the Portuguese Chartered Accountants’ Association (OCC).

What makes our policy unique:

Covers errors and omissions made by any accountants employed by the policyholder

Acts as a top-up to the OCC-mandated coverage, extending to all activities listed in Article 10 of the OCC Statutes

Includes additional services often performed by accounting firms but not covered by OCC insurance — such as property and condominium management

Flexible scope: multiple business activities can be insured under the same policy

Real-Life Scenarios

📊 An accountant from the insured firm mistakenly recorded a client’s financial assets incorrectly, resulting in an excessive corporate tax (IRC) charge. The error was only discovered the following year during tax return preparation. The client demanded reimbursement, and after investigation, the insurer confirmed liability and compensated the affected company.

🏢 The insured firm also provided property management services for a condominium in Lisbon. A storage room windowpane broke, and the firm was notified. However, due to an internal oversight, the issue wasn’t addressed. A storm that night caused water to flood the adjacent storage unit, damaging several boxes of valuable books. The insurer accepted the claim and compensated the owner with €750.