The Tax Practitioners Board (TPB) requires all Australian bookkeepers, tax agents and BAS agents to purchase a minimal level of Professional Indemnity (PI) insurance based on annual turnover.
Recent draft legislation also makes recommendations about supplementary features that should, ideally, be included in your policy. Our PI cover not only complies with the draft legislation’s minimum requirements, but also offers all of the recommended additional features.
The right solution for Tax Practitioners Board members
We currently manage one of Australia’s largest PI schemes for accountants. Based on this knowledge and industry experience, we've developed a cost effective PI insurance product that’s specifically tailored to meet the requirements and recommendations of the Tax Practitioners Board.
In addition to the standard policy requirements, our insurance solution also provides additional features including property loss of documents, inquiry costs, payment of course attendance costs, free access to the insurers' legal advisory panel, and employment practices liability extensions.
Find out more
Our team of experienced professional indemnity specialists is on hand to offer support and answer any questions you may have. Find your local branch here.