Compare online
Insurance for bookkeepers and BAS agents
Insurance for bookkeepers and BAS agents: professional indemnity that meets Tax Practitioners Board requirements, and cyber for the client data and logins you hold. Tell us you’re a bookkeeper and a licensed broker compares quotes for you.
- Bookkeeper set as your occupation (ANZSIC 6932)
- PI and cyber in one request
What insurance do bookkeepers need?
Professional indemnity is the core cover. If you’re a registered BAS agent charging a fee, the Tax Practitioners Board requires PI that meets its minimums. Cyber insurance matters too, because bookkeepers hold client banking logins and tax file numbers.
Tax Practitioners Board minimum PI for BAS agents
| Turnover | Minimum aggregate cover, including defence costs |
|---|---|
| Up to $75,000 | $250,000 |
| $75,001 to $500,000 | $500,000 |
| Over $500,000 | $1 million |
You must show you meet the requirement when you register and at each renewal.
The covers bookkeepers usually hold
| Cover | Why |
|---|---|
| Professional indemnity | A mistake in your work leads to penalties or losses for a client. |
| Cyber insurance | A hacked login, ransomware or invoice fraud. |
| Public liability | If clients visit you, or you work at their premises. |
Client data and the Notifiable Data Breaches scheme
The OAIC’s Notifiable Data Breaches scheme applies to tax file number recipients regardless of turnover. If you handle TFNs, a breach can carry notification obligations even for a small practice.
How to compare bookkeeper insurance
Bookkeeper insurance questions
Do bookkeepers need professional indemnity?
Registered BAS agents who charge a fee must hold PI that meets Tax Practitioners Board requirements. Other bookkeepers usually need it for client contracts.
How much PI does a BAS agent need?
The TPB minimum depends on turnover: $250,000 up to $75,000, $500,000 up to $500,000, and $1 million above that.
Do bookkeepers need cyber insurance?
It isn’t compulsory, but bookkeepers hold banking logins and client data, which cyber attacks target.
Does the Notifiable Data Breaches scheme apply to me?
It applies to tax file number recipients regardless of turnover.
Can bookkeepers compare insurance online?
Yes. Bookkeepers can request quotes online. Accountants are arranged by a broker.
Keep reading
More industries that compare online
Sources
Bookkeepers