accountants' package - Angel Underwriting

A combined multiline policy for small accounting firms. The product offers optional directors and officers, public liability, employers' liability and office cover as extensions to a professional indemnity policy. A combined multiline office package is specially designed for accountants. It provides cover for professional indemnity, directors and officers, public liability, employers' liability, contents and all risks and business interruption insurance in one combined policy.

product overview

professional indemnity section

  • Negligent acts, errors, omissions or breach of duty or other civil liability
  • Employee dishonesty
  • Unintentional libel and slander
  • Unintentional breach of confidentiality
  • Unintentional infringement of copyright, trademark or patent
  • Unintentional transmission of a computer virus
  • Loss of documents or electronic data
  • Defence costs for alleged offences under data protection laws

liability section

  • Public and products liability
  • Legal liability for accidental bodily injury and property damage
  • Includes indemnity to principal
  • Includes court attendance costs
  • Includes data protection act cover

employers' liability section

  • UK statutory legal liability

material damage section

  • Repair, replacement or reinstatement of property
  • Stock covered based on sale price
  • Technical equipment based on replacement value or the cost of the nearest equivalent
  • Property consisting of raw materials based on repair or replacement basis
  • Personal effects based on repair or replace value (subject to depreciation to a maximum of 50%)
  • Valuable papers based on the cost of reinstating, replacing, reproducing or restoring
  • Consequential loss

directors and officers section

  • Directors and officers legal liability
  • Corporate reimbursement
  • Limits of indemnity up to £5,000,000
  • Corporate liability (entity) extension available up to the full policy limit
  • Employment practices liability extension available with limits up to £1,000,000
  • Defence costs and expenses included in the limit with no prospect-of-success requirement
  • Zero deductible for directors and officers
  • Deductible for corporate liability (entity) £1,000
  • Deductible for employment practices liability £2,500

coverage highlights

professional indemnity section

  • Civil liability policy wording
  • Any one claim policy limits
  • Policy limits up to £5,000,000
  • Defence costs in addition to the limit
  • Covers claims made during the policy period

liability section

  • Any one claim policy limits*
  • Policy limits up to £5,000,000
  • Defence costs in addition to the limit*
  • *other than products and pollution liability
  • Covers injury or damage that occur during the policy period

employers' liability

  • UK statutory legal liability
  • Any one claim policy limits
  • Policy limits up to £10,000,000
  • Defence costs in addition to the limit
  • Responds to injuries occurring during the policy period

material damage section

  • Cover for property damage occurring during the period of insurance
  • All risks basis of cover
  • Limits of indemnity up to £150,000
  • Sum insured is not reduced after a loss for subsequent events

directors and officers section

  • Investigation costs and expenses
  • Fidelity cover included
  • Breach of contract defence costs
  • Asset and liberty proceedings
  • Criminal prosecutions defence expenses
  • Public relations expenses
  • Corporate manslaughter defence expenses
  • Identity theft
  • Extradition proceedings defence expenses
  • Outside directorship cover
  • Pollution defence expenses
  • Automatic acquisition cover
  • Emergency defence expenses
  • Up to six years discovery period available
  • Retired directors run-off cover
  • Personal appointments protection for school governors or directors of charitable organisations
  • Shareholders' derivative costs
  • Pension administrator's liability for money purchase schemes
  • Heirs, representatives and spouses extension

useful documents


proposal form

policy summary

eligible industries

claims examples

angel risk management
3rd Floor, 1 Legg Street,
Chelmsford, Essex, CM1 1JS

telephone +44 (0)1245 343630
fax +44 (0)20 7784 8055

20 Gracechurch Street,
London EC3V 0BG

telephone +44 (0)20 8442 0000
fax +44 (0)20 8442 0000

© Angel Risk Management Limited © 2020 |Angel Risk Management Limited is an intermediary authorised and regulated by the Financial Conduct Authority (No. 718451)
Angel Risk Management Limited is a subsidiary of AXA SA.