
ICB Members Insurance Policies
Insurance Made Easy have insured and protected bookkeepers for over 10 years.
We are the industry experts and preferred Professional Indemnity Insurer for the peak Industry Association, The Institute of Certified Bookkeepers, in addition to other professional bookkeeping franchise groups. The Policy has been developed to provide the broadest possible coverage available in Australia and our products continue to evolve with the bookkeeping industry.
Policy Highlights
◉ Employee/Contracts are automatically included
◉ Professional negligence & wrongful acts
◉ Operating as a registered BAS Agent
◉ Supply, Installation, Configuration & Training commercially available software
◉ Advancement of defence costs
◉ Dishonesty and fraudulent activities of your employees/contractors
◉ Defence & legal costs automatically included over and above the level of cover selected
◉ Official enquiries or investigations costs including ATO, ASIC, APRA, ACCC, Tax Practitioners Board
◉ Retroactive Cover- covers you for all past work provided that you have had continuous Professional Indemnity
◉ Breaches of Competition and Consumer Act 2010 and Related Legislation
◉ Run off cover for seven years after you cease trading. You remain covered with no further premium payment*
◉ Unlimited Reinstatements*
◉ Continous Cover¹ – Provides Cover for a claim that should have been reported to insurer under a previous policy.
¹ Refers to policies insured via IME only.
* Refers to ICB members only.
New & Improved Additional Benefits
◉ Statutory Liability covers fines & penalties from government authorities up to $100,000*
◉ Privacy Remediation Costs is now increased to $100,000*
◉ Recovery of Professional Fees. Cover increased to $50,000*
◉ Referral Liability resulting from referral to other professionals*
◉ Cloud Computing covers liability for breach of privacy or other clients costs and losses incurred by your negligence or for data you are legally responsible*
◉ Fidelity Guarantee cover is now increased to $250,000 (misappropriation of your money by staff member)
Benefits & Covers marked with * are exclusive to ICB members only
New Cyber Privacy Endorsement
◉ Covers cyber breach
◉ Response planning
◉ Forensics firm expenses
⦿ Legal advisors
⦿ Call center services, owns incident responsive
◉ Incident response investigation expenses
◉ Cyber extortion damages
◉ Cost to remove malware and reconstruct data
◉ Access to a 365/24/7 Cyber Incident call center
◉ Free webinars