Like all other occupations in France, an accountant must ensure the risks specific to its business. But if for many professions, a simple liability simply, it’s a little more complex for an accountant.
What should be in this case?
Indeed, the accounting profession is not limited to simple calculations of social contributions and the establishment of corporate balance sheets follows. An accountant also handles official documents and may have to keep money in the account of state services. Therefore, the more is consistent coverage the more adequate is to cover potential risks.
This is why an accounting firm must subscribe to a so-called full insurance financial accounting. This includes the general risks such as the keeping and management accounting, as well as guarantee the financial consequences borne by all the accounting firm. But it also includes professional criminal defense and collection of revenue and amounts to be recovered.
Next, is the coverage level that will determine the quantity and quality of services provided by the insurer; amount and types of contacts, support, monitoring, determination of capital to ensure, etc. Furthermore, options can complement the package chosen by extending the warranty time, for example.
To find more details on the issue, the best thing to do is to contact an insurer specialized in this type of coverage. The job is very specialized and they are not too many on the market, which limits the competition. However, the required level of qualification require to do so.
Is CPR Enough?
It is clear that the creativity of the insurance companies is limitless when it comes to meeting the needs of various trades. Regarding the accounting, it needs not be limited to the mere preservation of documents and funds, it is obvious that the covers need to be adapted. This is why professional liability, ensuring any fault in consulting, for example, is not sufficient to complete coverage of an accounting firm.
Besides the accountant must ensure for himself but also for all members of his cabinet are under his direct orders. Moreover, this is a regulated profession have an equivalent to the Bar Council found among doctors for example. Insurers and accountants are working together in the best possible manner in insurance.
