Professional Indemnity Insurance Built for Accountants
Simple, compliant cover for Australian accounting practices — without the jargon, the upsell pressure, or the admin headache at renewal time.
Insurance that works the way accountants work
No jargon. No upsell pressure. Just insurance designed around the realities of running an accounting practice in Australia.
Cover designed for accounting risks
Policy structure aligned with CPA Australia, CA ANZ, IPA, and TPB requirements. Limits and wordings that reflect the work accountants actually do — not generic professional services templates.
Renewal without the stress
We start your renewal conversation 60–90 days early so a missed notice or changed scope never leaves you exposed. Proactive, not reactive — because cover lapses happen when no one's watching.
Backed by global insurers
Cover arranged through PSC Insurance Brokers — a national brokerage with access to leading global insurers. Competitive terms, robust wordings, and fast Certificates of Currency when you need them.
Competitive pricing, no hidden extras
PI is compulsory — it doesn't have to be expensive. Abacus works to match cover to your practice size and risk profile so you're not over-insured, under-insured, or paying for things you don't need.
Human support, local team
Australian-based people who understand how accounting firms operate. At claim time, we guide you through definitions and duties so you're not navigating the process alone.
Bundle protection when it makes sense
Optional Cyber cover sits alongside PI for firm-wide protection against data breach, ransomware, and privacy claims. Bundled only where it adds genuine value — no upsell pressure.
Cover built for accounting practices
Four insurance options — all designed specifically for accountants, arranged through PSC Insurance Brokers with access to leading global insurers.
Professional Indemnity Insurance
The backbone policy for any accounting practice. If a client alleges an error, omission, or breach of duty — you're defended and supported. Compliant wordings aligned with CPA, CA ANZ, IPA, ATMA and TPB requirements. Target limits, fast documentation, easy claims support.
See PI inclusionsCyber Insurance
Client data, portals, and emails are your lifeblood. Cyber cover helps with breach response, business interruption, and third-party claims — now commonly bundled alongside PI for firm-wide resilience against data breach, ransomware, and privacy risks.
Protect your practiceBusiness Insurance
Protect your practice if something happens to your office or a visitor is injured. We arrange essentials — Public & Products Liability and Management Liability — through trusted insurers with clear documents, simple renewals, and fast claims support.
See what's coveredTax Audit Insurance
Shield against the cost and disruption of an ATO or state revenue audit — available for your firm and your clients. Covers professional fees for responding to audits, reviews, or investigations so you're not out of pocket for the time it takes to respond.
Set up for my clientsDesigned for small and mid-sized accounting practices
Whether you're a sole practitioner or a growing firm, Abacus supports accountants who want confidence that their PI insurance meets industry and association expectations.
- Sole practitioners setting up or reviewing cover
- Small accounting firms with 2–15 staff
- Established practices approaching annual renewal
- BAS agents, bookkeepers, and tax agents
- Accountants starting a new public practice
"The experience with Abacus is simple, seamless, and pain-free, as everything is done quite quickly by email and fax, and I don't have to ring. I would recommend Abacus if you think you are paying too much for PI insurance."
The PI Renewal Checklist for Australian Accountants
A practical 1-page checklist to run through before your PI renewal — so nothing slips through the cracks and your cover stays current.
- Review your current coverage limits and exclusions
- Confirm your cover reflects any changes in services
- Check compliance with your professional body requirements
- Know when to add Cyber cover alongside PI
Professional Indemnity at the Crossroads: The New Risk Landscape for Australian Accountants (2026–2030)
What's changing in PI insurance, cyber protection, and compliance requirements for small accounting firms — written in plain English. Clear, concise, and designed to help you renew with confidence.
Download the WhitepaperFrequently asked questions
Do I need PI insurance if I'm a sole trader?
Yes — and it's compulsory if you're a member of a professional body. PI insurance is required for members of CPA Australia, CA ANZ, IPA, ATMA, and The Tax Institute who offer accounting services to the public. Beyond compliance, it's the policy that stands between a human error and a business-ending claim.
Should I add Cyber cover to my PI policy?
If you hold client data — and you do — bundling Cyber with PI is now standard practice. Cyber cover addresses breach response, business interruption, and third-party exposures that fall outside a standard PI policy. It's particularly important for practices using cloud software, client portals, or email-based document exchange.
When will Abacus remind me to renew?
We start the renewal conversation 60–90 days before your policy expires — enough lead time to review limits, adjust cover if your practice has changed, and never be caught out during busy periods like tax season. No last-minute surprises.
Why choose Abacus over a general insurance broker?
Abacus focuses exclusively on accounting practices, which means our policies, wordings, and advice are built around accounting-specific risks — not adapted from a generic professional services template. No jargon: one-page summaries of what's covered and what's not. No premium creep: limits and deductibles matched to your practice. No claims anxiety: guidance at claim time so definitions and duties don't trip you up.
How quickly can I get a Certificate of Currency?
Fast. Certificates of Currency are issued promptly — essential when a client, association, or audit requires proof of cover on short notice. Contact us directly if you need documentation urgently: abacus@psc.com.au or call 03 9522 0611.
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Read moreInsurance backed by global insurers — arranged by PSC Insurance
Abacus partners with PSC Insurance Brokers to give members streamlined access to accountant-ready Professional Indemnity and optional Cyber cover. PSC is a national brokerage with local advisers and access to leading global insurers — so your policy wording, limits, and pricing match the realities of public practice.
Learn about PSC
Get a quote in minutes — no jargon, no pressure
Speak with people who understand accounting practices. Our process is designed to be efficient, practical, and accountant-friendly.