Accountants and bookkeepers provide a professional service or advice for clients, but it happens that a client is not happy with the service or advice. They might feel that you have provide them with neglected advice, if they suffer any loss or damages to their name or reputation. They can feel that you will have to compensate them for this financial loss. Professional indemnity insurance will cover you for any of these claims.
There are clients that will ask for proof of your indemnity insurance before they are willing to make use of your services. These clients normally are large companies or legal authorities. If you want to make your business a huge success and grow, getting indemnity cover is a good idea.
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