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Tax Consultancy Insurance

Protecting tax consultants from as little as £55* per year

Not on comparison sites — save money by coming direct to us

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Excellent 4.7 out of 5

Professional Saver’s Tax Consultancy Insurance


Our standard cover is:

  • £1 million cover for public and products liability (with an option to increase to £2 million, £5 million or £10 million)
  • £10,000 cover for any financial loss (£50K cover optional)
  • Worldwide liability cover for temporary work abroad for up to 14 days (excluding the USA and Canada)

Our tax consultancy insurance provides vital coverage for tax advisers, accountants, and practitioners who provide tax planning and compliance services. We offer public liability insurance starting from just £54* per year.

As a tax professional, you risk facing substantial payouts if your advice leads to financial loss for a client. For example, flawed guidance on offshore investments and tax avoidance schemes can lead to fines and back taxes for companies. Our professional indemnity insurance covers resulting professional negligence claims.

We also cover personal injury or property damage caused accidentally while visiting clients.

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Why choose Professional Saver tax consultancy insurance?

Save £££ on your insurance Save on your insurance

Customers are always telling us how much they saved by switching

Trusted for over 40 years Trusted for over 40 years

We’ve been providing insurance to businesses since 1984

Financial Strength Financial Strength

Insurance provided by a Standard & Poor’s ‘AA- Stable’ rated insurer

Defaqto 5 Star rated

Our Professional Saver Insurance (Covea) has been independently rated 5 Stars by Defaqto – the highest possible rating, awarded to excellent products with a comprehensive range of features and benefits.

How our tax consultancy insurance works

1 Apply online

Complete our simple quote form with basic details about your business.

2 Get a quote

Get an instant quote & choose any optional covers you may need.

3 You’re insured!

Instantly activate your Professional Saver policy and view your certificates online.

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What Is Tax Consultancy Insurance?

Tax consultancy insurance protects professionals who offer tax planning and compliance guidance. It covers claims due to errors, omissions, or negligence in advice that lead to client financial loss.

This insurance covers tax consultants’ liability for:

  • Tax underpayment fines due to incorrect compliance filing
  • Excess tax owed because of poor planning guidance
  • Penalties for rejected offshore tax schemes
  • Losses from inaccurate inheritance tax advice

Coverage is vital as flawed tax advice can lead to major disruption and costs through tax authority investigations. Our policies cover legal expenses and compensation payouts.

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Why Do Tax Consultants Need Insurance?

Tax advice directly impacts company finances and shareholder returns. Consultants face substantial professional negligence claims if flawed guidance leads to fines, back taxes, rejected filings, and disrupted operations.

Even simple compliance mistakes can trigger tax authority audits and penalties. Our insurance covers resulting client losses, so tax consultants can provide advice with confidence.

 

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What Does Our Tax Consultancy Insurance Cover?

Our tax consultant policies can include:

  • Public Liability Insurance – Protects against injury/damage claims.
  • Legal Expenses Insurance – Provides specialist legal representation and covers legal fees.
  • Professional Indemnity Insurance (optional) – Covers client financial loss from incorrect advice.
  • Contents & Business Equipment (optional) – Replaces vital equipment like computers and printers if damaged or stolen.

We will take you through all available options as part of the online quote process.

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What Tax Planning and Filing Services Can We Cover?

Our tax consultancy insurance covers all standard advisory and compliance tasks like:

  • UK tax planning guidance for companies and individuals
  • International tax strategy consulting
  • Inheritance tax mitigation advice
  • Tax compliance form-filling services
  • Payroll, VAT, and self-assessment filing
  • Capital gains and corporation tax planning

Whether you focus on corporate clients or private individuals, we will arrange suitable coverage against financial loss claims from your expert tax assistance and planning services.

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Why Choose Professional Saver for Your Tax Consultant Insurance?

With over 35 years of experience, our dedicated consultants provide specialist advice to create policies for tax professionals at competitive rates. We offer these key benefits:

  • Direct Specialists – We are an established commercial insurer, not a comparison site. Clients work directly with advisors who understand the tax sector.
  • 24/7 Legal Helpline – Whenever you need expert legal advice on insurance matters, we’re here to help.
  • Affordable Monthly Instalments – You can spread your insurance costs by paying monthly for any policy costing over £125 per annum.

Start your quote today and let Professional Saver protect your tax consultancy.

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Chosen by over 5000 businesses and counting*

Chosen by over 18761 businesses and counting

Online & Anywhere

We like to keep things simple. Your quote, purchase and documents are all available online, anytime.

Monthly Instalments

Cashflow is important to every business. Spread the cost by paying in easy monthly instalments.

Instant Cover

No need to wait for your documents. Our professional cover starts from the date you select.

Added Protection

Public liability, products liability, financial loss, legal expenses and accidental death cover as standard.

* Total number of live policies as of 31/10/2025

FAQs

Tax Consultancy Insurance FAQs

Tax advice directly impacts company finances. If flawed guidance leads to fines or back taxes, consultants risk substantial payouts. For example, inappropriate offshore investment planning rejected by tax authorities can trigger hefty penalties and disruption. Our insurance covers resulting client loss claims.

Common claims we would cover include:

  • Fines for incorrect company payroll and VAT filing
  • Excess taxes from poor inheritance tax planning
  • Back taxes and penalties due to offshore scheme rejection
  • Lost client investments from unsuitable tax mitigation arrangements

Yes. Our tax consultancy insurance covers temporary staff, sub-contractors, and freelancers operating under your firm’s professional indemnity and public liability policies. So, if a contractor’s compliance filing error causes client fines or back taxes, we would cover the resulting claims.

We provide up to £5 million in professional indemnity cover for tax consultants. This ensures protection for advisor liability across practice areas like compliance filing, inheritance planning, and cross-border tax guidance.

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What our customers say

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