You are forming ever closer partnerships with clients, acting as a strategic advisor and offering new services. We're here to make sure your insurance meets the needs of your firm now and tomorrow, covering your existing and new income streams.
Getting the Basics Right
Of course, you need the core covers; Professional Indemnity Insurance is mandatory and can include a retro-active date to ensure your entire liability, so you are covered for discharge of professional obligations.
An Office Insurance package, Employer's Liability Insurance are also essential.
Opening up new opportunities
There's never been a better time to bring more to your clients. New technologies and software and helping clients manage their finances and access information as they need it. You are in the driving seat to act as the software vendor or allow access to personal information via secure online portals, but it's vital your risk is mitigated with the right cover.
Offering clients financial services?
You may be assisting clients with corporate finance, funding for capital equipment or advising for mergers and acquisitions or restructuring and insolvency services. By fully understanding your emerging income streams, we advise on the most suitable cover than can flex as you pivot into new services.
I was worried about our customers losing confidence in us. I was so relieved when the cyber team swung into action and resolved the situation in less than 24 hours.
Director, Accounting firm.
A large accountancy practice had a cyber-attack on its online portals for its customers. Working with cloud-based accounting systems was quite new and the senior accountant was concerned at the thought of the amount of data that could now be in the public domain.
The owner of the business had recently had his policies reviewed with BEAM Insurance Solutions' health check system to check the policies, insurers, levels of cover and gaps and exclusions. The importance of mitigating such an issue had been explained to him and he had taken out cyber insurance. This meant a specialist team were able to recover the data and restore the systems that had been breached.