An accountant is considered as a high ranking professional. They are required to provide exceptional services. Actually, accountants need to be always accurate. This is mostly when it is in matters of tax. In the case, there is a fault in documents submitted they will face penalty charges. If you decide to apply for HMRC penalty appeal reasonable excuse this may be hard to be accepted. However, accountants any face this challenge. Although you may want to very keen at times you may accidentally enter the wrong information. At times you may mistakenly forget to indicate important information. In case this happens you may have to face penalty charges.

 You may decide to apply for HMRC penalty appeal reasonable excuse. However, this may even not be taken into consideration. For this reason, you need to protect yourself from possible future penalties. The best way to do this is usually applying for an insurance policy. This cover may come in handy a lot and when you least expect. It is always important to note that mistakes happen often and may happen at any time. By applying for an indemnity cover you get cover on the following;

1.Infringing of the right to intellectual property

This can happen at any time. This is mainly because it involves using information without permission. You may use the image without getting a permit. This may be regarded as infringing. By having this insurance cover it protects you from spending your own money on a penalty. The insurance cover will pay for the penalty.

2.Negligence

This may happen at any time. Also when you give a person bad advice. You may also unintentionally make an error on documents. This is especially when filing tax returns. In case you make these mistakes you will be required to pay a penalty fee. The policy will come in and pay the fee for you. The possibility of making an error is high the reason it is important if you apply for cover.

1. Sharing confidential information

Any company information is always regarded to be confidential. This is mainly because the competitors may use it to benefit themselves. If the information goes to the wrong people they may damage the companies image. This may lead your suspension if it happens. For this reason, your insurance cover will protect you. It is normally quite tasty to unintentionally pass out confidential information. This will especially happen if you are talking with friends from competitors.

4.public liability policy

This policy goes an extra mile to cover future unplanned for accidents. This is either you damage property or gets injured in the business premises. If you are working for a business entity and you accidentally damage their property you will be required to pay. In this case, the policy comes in handy and pays on your behalf. The other probable case is when you have an injury at the clients business premises. In case this happens the policy will pay for your medical bills.

1. Employers liability insurance

Accounting is very demanding. At times you may get injured while on duty. This policy is set to cover and pay for injuries caused while at work. This also includes short-term illness.

6.Business equipment insurance

This policy will cover you in case you damage a clients item while working. The policy will pay for the replacement of the product. This is a good way of avoiding stress in paying an unplanned for the expense.

1. Legal expense

In case you face legal problems due to work-related matters the policy pays on your behalf. Actually, this may happen especially in association with tax matters.