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(03) 8841 3300

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Bookkeepers Insurance.

PSB Insurance Brokers identified the draft legislation for Bookkeepers & BAS Agents to have mandatory Professional Indemnity Insurance in 2010.

We kept a watchful eye on the progression of the legislative requirements and offered an affordable & competitive insurance solution to the sector in June 2011. We were pleased to welcome over 500 Bookkeeper/Bas Agents as clients of our business and we continue to grow this specialist sector of our business.

For an obligation free quotation, please download the Proposal Form and return this to our office.

Policy wordings for policies arranged or renewed on or after 30/06/2016 are below:

Subject to acceptable Underwriting Criteria.

Professional Indemnity Insurance

Effective from 01 July 2011, all registered BAS Agents were required to have Professional Indemnity Insurance (PII) that meets the Tax Practitioners Board’s (TPB) minimum requirements. The Tax Practitioners Board (TPB) are currently active in auditing mandatory insurance requirements.

PSB Insurance Brokers Pty Ltd is pleased to offer Professional Indemnity Insurance specifically designed to comply with the Board’s requirements.

To learn more about the PII requirements as outlined by TPB, please refer to:

PSB can also offer business insurance packs tailored specifically for Bookkeepers and BAS Agents, covering things such as office buildings, contents, business interruption, burglary, money, glass, machinery breakdown, public liability and portable equipment.

Registered BAS Agents are required to obtain a minimum amount of cover as specified below:

  • Tier 1
    • Turnover From The Provision Of BAS Services: Up To $75,000 (Excluding GST)
    • Minimum Aggregate Amount Of Cover: $250,000 Cover Inclusive Of Legal & Defence Costs
  • Tier 2
    • Turnover From The Provision Of BAS Services: $75,001 - $500,000 (Excluding GST)
    • Minimum Aggregate Amount Of Cover: $500,000 Cover Inclusive Of Legal & Defence Costs
  • Tier 3
    • Turnover From The Provision Of BAS Services: More Than $500,001 (Excluding GST)
    • Minimum Aggregate Amount Of Cover: $1,000,000 Cover Inclusive Of Legal & Defence Costs

To get a tailored quote for your business needs please email us using the contact details below or give us a call.

Info

PSB Insurance Brokers

Melbourne Head Office:
Suite 1, 43 Railway Road, Blackburn
3130 Victoria, Australia

Adelaide Office:
1 Finniss St, North Adelaide
5006 South Australia, Australia

Contact Details

Melbourne Head Office:
Tel: (03) 8841 3300
Fax: (03) 9894 1115

Adelaide Office:
Tel: (08) 8361 8872

(03) 8841 3300

Hours: 9:00AM - 5:00PM