Accountant (SMMM) Liability Insurance

Get an Accountant (SMMM) Professional Liability Quote

Get liability insurance quotes that cover professional error and negligence risks for certified public accountants and sworn-in certified public accountants.

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Accountant (SMMM) Liability Insurance

What is SMMM liability insurance?

SMMM liability insurance is a professional liability policy that covers, within policy limits, compensation claims for damage suffered by clients as a result of errors, negligence or incomplete work by independent certified public accountants (SMMM) and sworn-in certified public accountants (YMM) while carrying out their professional activities.

Tax return errors, missed deadlines, incorrect or incomplete records and penalties arising in tax disputes, as well as compensation claims, can create a serious financial burden for a professional. For this policy, which professionals are expected to hold under legislation and professional chamber rules, Evita Sigorta compares insurer quotes on your behalf.

What does SMMM liability insurance cover?

Return and notification errors

Loss suffered by a client because of an incorrect or incomplete return is covered.

Missed deadlines and delays

Penalties and losses arising from notifications not made within legal deadlines can be covered.

Bookkeeping errors

Claims arising from incorrect entries, incomplete document assessment and reporting errors can be covered.

Tax and administrative fines

Losses passed on to the client such as tax loss penalties due to an error are assessed under policy terms.

Legal defence costs

Legal fees and court costs in compensation suits are paid within cover limits.

Employee and trainee errors

Liabilities arising from errors by employees or trainees in your office can be included.

Benefits of SMMM liability with Evita Sigorta

Comparison made for professionals

We compare limits, deductibles and exclusions across SMMM and YMM policies for you.

Limit that fits your office

We suggest a suitable limit based on your client portfolio and transaction volume.

Renewal tracking

We notify you ahead of expiry so there is no gap in cover.

Fast policy

Your policy is issued quickly with the required details.

How to get SMMM liability insurance

  1. 1

    Send your details

    Fill in the short form with your name, phone and office details.

  2. 2

    Limit and quote

    Together we review a suitable limit for your portfolio and insurer quotes.

  3. 3

    Start your policy

    Confirm your choice and your cover begins.

Choosing the right policy as a professional

For SMMMs and YMMs, the annual aggregate limit, per-event limit and deductible stand out when choosing a professional liability policy. Your number of clients, the scale of the firms you work with and the scope of services such as payroll, returns and audit determine the right cover limit.

The policy's retroactive date and exclusions regarding penalties also deserve attention. The terms under which claims from public institutions and tax offices are covered can vary from policy to policy.

Professionals may need to meet minimum cover requirements under legislation and professional chamber rules. We can check current requirements together and plan your policy accordingly.

Frequently asked questions

What you may be wondering

What information is required to get a quote?

We can create the initial request with your full name, mobile number and insurance type. Details can be completed later.

Is SMMM liability insurance mandatory?

Professionals may be required to hold professional liability insurance under legislation and professional chamber rules. We check the current requirements with you during the quote process.

Which errors are covered?

Compensation claims arising from professional negligence and errors such as return and notification errors, missed deadlines, incorrect records and reporting errors are covered under policy terms.

Are my employees' errors covered too?

In many policies liability arising from errors by office employees and trainees can be included. We clarify the scope at the quote stage.

How should the policy limit be chosen?

Your client portfolio, the scale of the firms you work with and the scope of your services determine the limit. Our team recommends a limit that fits your needs.

Get your SMMM liability quote

Fill in the form and our team will share quotes suited to your profession.

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