Accountants Insurance in Singapore

From just $19/month. Broad cover from business lawsuits, & more.

Compare quotes from leading insurers

Save up to 25% on premiums

Quick quotes for all products

Advisors available 7 days/wk

Get your comprehensive Accountants Insurance package in minutes, from just $19/month.

As an accountant, you need to deliver accurate professional advice to ensure that your clients financials are in order. But if you make mistakes in your work, you can face significant legal liability. Provide helps accountants quickly & easily protect themselves from liability, so that you can run your business with total peace of mind.

Get broad & affordable coverage today, with Provide.

Accountants Insurance Package from just $19/month

  • Professional Indemnity Insurance
  • Commercial Property Insurance
  • Public Liability Insurance
  • Business Interruption Insurance
  • Work Injury Insurance
Save up to 25%

What does Accountants Insurance cover?

CoverageExplanationImportance for accountants
Professional Indemnity InsuranceProtects you from lawsuits related to accounting workCritical
Commercial Property InsuranceProtects your business premises against property damage, e.g. fire, explosions, certain types of water damage, etc.Critical
Public Liability Insurance

Protects you against liability to third-parties for property damage or injuries.

E.g. clients slipping & falling in your office due to you negligently leaving the floor wet.

Critical
Work Injury Compensation Insurance (WICA Insurance)Protects your employees if they suffer work-related injuries/sickness.

Legally required for all manual workers (e.g. fitness trainers), or workers who earn <$2,600/month

 

Business Interruption InsuranceProvides cash benefit if you cannot operate your consulting business due to covered reasons, e.g. fire at your office.Very good to have
Cyber InsuranceProtects you if you suffer a cyber attack. Covers IT restoration costs, data breach liability, PDPA liability, and more.Very good to have

Commercial Property Insurance: If you rent an office, you’ll need to protect your premises. Commercial Property policies cover a very broad range of damage, including fire, certain types of water damage, explosions, and more.

This policy will cover your property, such as: renovations, electronic equipment like computers, fixtures & fittings, furniture like chairs and tables, , and other miscellaneous property.

Public Liability Insurance: With an office, you may entertain many clients coming in and going out of your business premises every day. If any of your clients get injured due to your negligence (e.g. slipping in your office due to a wet puddle), you could suffer a personal injury lawsuit. A Public Liability policy will protect you if you get sued for causing injuries or property damage to others. It covers legal costs like lawyer’s costs (which can be massive), and settlements/damages that you may need to pay.

Work Injury Compensation Insurance (WICA Insurance): MOM requires businesses to carry this insurance for every manual worker, and all workers who get paid $2,600/month and less. It’s highly advisable to purchase this for accounting staff, even if most work is office-based. If your employees travel to meet clients, and they get injured on the way, Singapore law requires you to compensate these employees for their medical expenses.

WICA Insurance covers work-related medical expenses for injuries, or sickness. This includes Covid-19 infections due to work.

Business Interruption Insurance: This covers your operating expenses if you can’t run your accounting business, due to a covered reason – for instance, if a fire damages your office premises. This is a great cover to have, because it helps you to pay for costs like rent, salaries, and other overhead while you can’t generate revenue.

Cyber Insurance: Very useful for clients to cover themselves against the cost of cyber breaches. Covers the cost of restoring IT systems after a breach, data liability, and business interruption costs if you can’t run your business due to a breach.

How much does Accountants Insurance cost?

Coverage

Coverage amount (example)

Premium

Professional Indemnity Insurance

$100,000

From $42/month

Commercial Property Insurance

$100,000

From $19/month, for a comprehensive Accountants Insurance Package deal

 

Public Liability Insurance

$500,000

Work Injury Compensation Insurance (WICA Insurance)

$10 million common law annual limit

 

$45,000 medical expenses cover per worker

Business Interruption Insurance

$10,000

Cyber Insurance

$250,000

From $49/month

Buy Accountants Insurance From $19/Mth

Broad cover against business lawsuits & more. Trusted global insurers.
Save up to 25%

Why use Provide for Accountants Insurance?

  • Save up to 25% on your premiums from renowned insurers
  • Buy online in under 3 minutes
  • Industry experts to provide tailored advice
  • Available by phone 7 days/week 

Insurance by business type

Get comprehensive Accountants Insurance from only $19/month. Speak with us today!

  • This field is for validation purposes and should be left unchanged.
Close Bitnami banner
Bitnami