Professional protection for tax consulting
Helps protect a consultant’s financial interests if inadequate or improper professional advice causes a client to suffer a confirmed financial loss.
The policy can cover the obligation to compensate a client for a confirmed financial loss when liability arises from tax consulting and the policy conditions are met.
Protection for the consultant’s financial interests connected with the obligation to compensate the client for financial loss.
A client under a professional services agreement may be an individual or a legal entity.
The policy considers a documented loss caused by inadequate or improper professional advice.
The consultant must hold a valid qualification certificate and act within the scope of their professional practice.
Terms and price are calculated individually
Every claim is assessed based on its circumstances, supporting documents and the individual policy terms.
The client’s demand must relate to tax consulting provided as part of the consultant’s professional services.
There must be a legal obligation on the consultant and a documented financial loss suffered by the client.
The event must comply with the agreed policy period and territory, and the insurer must be notified on time.
The cover applies to the tax consultant’s obligation to compensate a client for a documented financial loss caused by inadequate or improper advice, subject to the policy terms.
The amount of insurance indemnity is determined by the documented loss, the liability limit and the other policy terms.
The consultant provides professional services to an individual or legal entity under an agreement.
Inadequate or improper advice causes the client a financial loss.
The client seeks compensation for damage, while the circumstances and amount are supported by documents.
The policyholder reports the demand, provides the materials and participates in the expert assessment of the event.
The liability limit, unconditional deductible, policy period, territory and the process for documenting the loss are set out in the individual insurance documents.
the obligation to compensate the client for a documented financial loss caused during tax consulting
the work of a consultant holding a valid qualification certificate and acting within the scope of their professional authority
events in Uzbekistan during the agreed period that are reported to the insurer on time
loss confirmed by competent organizations, experts or other documents specified in the policy
The exact scope of cover is defined by the policy and insurance contract.
deception, fraud, crime and other intentional acts
failure to perform the work, missed deadlines, disclosure of confidential information or trade secrets
work outside the qualification certificate or without one, and contractual liability beyond the liability imposed by law
administrative sanctions, the deductible, war and nuclear risks, and other contractual exclusions
Check the full list of exclusions in the individual policy terms.
To assess the professional risk and prepare terms, our specialist will clarify information about the consultant, services and requested limit.
The individual’s or organization’s details, experience, operating territory and format of professional practice.
A copy of the valid certificate and documents confirming the right to provide tax consulting services.
The list of consulting services, client profile and the specifics of professional service agreements.
Number of clients, annual service volume, transaction profile and nature of financial reporting.
The requested liability limit, deductible, policy period and other insurance parameters.
Information about previous claims and circumstances that may affect the insurance risk.
Submit a request and provide the basic information about your professional practice. We will clarify the rest together.
Complete the form on this page. A specialist will contact you and clarify your needs.
We will need the certificate, details about services and clients, the requested limit and claims history.
We will determine the limit, deductible, period, territory, price and the process for arranging cover.
The product is designed for tax consultants who hold a qualification certificate, provide professional services to clients and may be required to compensate financial loss caused by inadequate or improper advice.
It protects the policyholder’s financial interests connected with the obligation to compensate a client for a documented financial loss arising from tax consulting services.
Under the standard wording reviewed, the insured event is connected with the tax consultant’s legal liability to the client for financial loss arising from professional activity. The specific event criteria, limit and deductible are set out in the individual insurance documents.
The standard wording refers to inadequate or improper professional services. It specifically mentions a failure to identify material misstatements in financial statements after confirming their reliability, where this causes the client a financial loss.
The client may be an individual or a legal entity that has entered into a professional services agreement with the consultant.
Yes. The wording reviewed is intended for a consultant holding a qualification certificate. Work outside its scope or without a valid certificate is excluded.
The standard exclusions include deception and crime, failure to perform the work or missed deadlines, disclosure of confidential information or trade secrets, work without a certificate, administrative sanctions, contractual liability beyond the liability imposed by law, and war or nuclear risks.
The price is calculated individually based on the consultant’s experience and qualifications, the types and volume of services, client profile, requested limit, deductible, period, territory and claims history.
We will need the consultant’s or organization’s details, a copy of the qualification certificate, the list of services, information about clients and practice volume, the requested limit and deductible, and the claims history.
Notify the insurer immediately, send written notice within three calendar days and provide all available materials. Do not admit liability, pay compensation or enter into a settlement without the insurer’s written consent.
The review may require the professional services agreement, calculations, financial statements, correspondence, the client’s demand, findings from competent organizations or experts, and official explanations. If the parties disagree, they may use an independent expert or apply to court.
The wording reviewed provides for payment within 15 banking days after the event is recognized as insured. It also provides a three-year period for reporting an insured event after the policy ends. The individual policy terms should be checked.
Tell us about your professional practice, and a specialist will help prepare individual terms.
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