Bookkeeping Insurance

Here is an example of the type of bookkeepers we can help:

• Self-employed bookkeepers
• Bookkeeping firm owners
• Virtual bookkeepers
• Part-time bookkeepers
• Payroll specialists
• Small business bookkeepers
• Certified bookkeepers
• QuickBooks ProAdvisors

Can’t see yourself on the list? Whether you’re self-employed or run a small business, it’s likely we can help. Get in touch with us today to explore your options

As you work closely with clients and with sensitive information, you might run into the following risks:

• You make an error in a client’s financial records
• Your laptop with sensitive client data is stolen
• A fire or disaster damages your office
• A client accuses you of not fulfilling your contractual obligations

If you have any employees, you’ll need to take out employers’ liability insurance, a legal requirement. If you are self-employed or contracted and work alone, you won’t need this.

Although not every insurer is the same, you’re likely to see some exclusions. Always refer to your policy wording to see what’s included and excluded. You may see the following exclusions:

• Deliberate malpractice or negligence
• Personal liability unrelated to your business
• Claims arising from illegal activities
• Work outside your declared business activities
• Losses from cryptocurrency transactions

Bookkeeping insurance could start from 54p a day*

No two insurers are the same, so it’s difficult to give a solid figure for what you might be paying for an annual insurance policy. The following will affect the price of your premiums: 

• Extent of cover - The more cover you opt for, the more expensive your package is likely to be. 
• Your insurer - The insurer you choose will also influence costs. 
• Experience level - Your insurer could take into account how long you’ve been qualified.
• Location  – Where you work is taken into consideration when calculating the price of your premiums. 
• Claims history - Whether or not you’ve had previous claims made against you or you have made previous claims may affect your future premiums.

_{*This price is for an office and surgeries policy  – 10% of customers who were sold with one of our panel providers paid £197.16 or less annually (excluding any additional administration fees) between 01/01/25 & 31/12/2025. Equivalent to £16.43 a month or £0.54 a day (and excludes the extra costs for paying monthly). Your actual policy and price may vary based on your business requirements.}

While both services deal with financial records, the roles are slightly different and therefore need slightly different coverage.

• Bookkeepers - Record day-to-day financial transactions and maintain general ledgers. They also process payroll, handle accounts payable and receivable and also deal with bank statements.
• Accountants - Analyse financial data and then prepare financial statements. They also provide tax planning advice, conduct audits and offer strategic financial guidance.

At Bionic, we support UK business owners and want to help in every way we can. That’s why we have knowledgeable insurance brokers who work with a panel of trusted insurers to compare business insurance to find the right fit. Get in touch with us today by starting a quote online.