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Insurance for ICAEW members with 1-4 partners

Why do you need professional indemnity insurance?

Here at Marsh Commercial we're the exclusive, appointed insurance broker for ICAEW members’ professional indemnity (PI), office, and cyber insurance. We’ve worked closely with the ICAEW for more than 14 years, and now manage more than 4,300 policies.

We have developed a PI insurance policy that protects members from the specific risks they face as chartered accountants.

Our team is here to support ICAEW members, providing them with:

  • Confidence
    We know you're dedicated to delivering specialist advice. You can be confident we're committed to working with leading insurers on your behalf. We'll arrange appropriate cover – on competitive terms.
  • Expertise
    Our team has a wealth of knowledge in arranging commercial insurance for accountants. We take time to understand your business to ensure the protection you have in place is suitable for the risks you face.
  • Service
    We're here for you when you need us – from providing tailored advice to walking you through the claims process. So while you focus on supporting your clients, we're here to protect you, making insurance one less thing for you to worry about.

Get a quote today

Get a quote in minutes and arrange your PI insurance online – at a time that suits you.

You can also contact our dedicated team of professional indemnity insurance experts. From sole practitioners to firms of five or more members, we take time to understand the risks you face in accountancy and advise on how to manage them.

We're here to make sure you have the right PI insurance to protect you and your business.

The team behind the scheme

We have a dedicated team, based in Bristol, who are focused on delivering excellent customer service for ICAEW members; from low fee-earning practices to niche and mid-tier firms.

Our team draws on a wide range of expertise and experience to deliver our value proposition and provide support to members. This includes:

  • dedicated client advisers providing members with exceptional service, and regional relationship managers offering in-person support
  • specialist claims advisers who are on hand to guide members through the claims process
  • regular communication to members including news and updates on relevant topics – helping to support them in navigating the increasingly complex risk landscape.

Policy enhancements under the ICAEW scheme

As well as meeting the minimum requirements set out by the ICAEW, the scheme also provides enhanced benefits designed specifically for members, including:

  • a six year run-off period available in a block policy
  • cost of court attendance compensation limit is increased for the principal partner, member or director
  • cover for replacing, restoring or reconstituting physical documents
  • circumstances known prior to the inception of the policy period that have not previously reported, are not automatically excluded
  • cover for appointments as a director of a third party company – cover provided is only in relation to services defined by the insurer
  • insurer security termination clause, allowing you to terminate the cover if the insurer’s security rating is reduced
  • joint ventures – limited to acts of the insured only and excludes claims for work carried out by other parties/employees of the joint venture.

Members also benefit from packaged cover that includes PI, office, and cyber insurance, helping to eliminate gaps and overlaps in cover.

As part of Marsh, a global leader in insurance broking and risk management, we have the ability to evolve as your business grows. We support a broad range of accountancy clients, including those members that engage in more complex activities, such as:

  • tax mitigation
  • corporate finance
  • mergers and acquisitions.

ICAEW 5+ partners

As well as being mandatory for ICAEW members, having accountants’ professional indemnity cover in place to deal with claims is vital to protect your business and reassure your clients.

ICAEW office insurance

Having the right office insurance is essential to protect you against damage to your office premises or equipment. This protection will minimise the interruption to your business that could lead to loss of income.

ICAEW cyber insurance

Working closely with the ICAEW, we developed a cyber insurance policy that protects members from the specific cyber threats chartered accountants face. Whether you are a sole practitioner, work for a small practice or a large firm, we're here to protect you.

Sole practitioners

We understand smaller accountancy practices are often penalised by minimum premium rating restrictions, so we negotiate on behalf of members with low fee incomes. Our ICAEW professional indemnity insurance for sole practitioners gives the right levels of cover you need to protect your business – at competitive rates.

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