At Eesti Firma, we prioritize building trustful, long-lasting relationships with our clients. Our mission is to deliver accounting services in Estonia that meet the highest professional standards of accuracy, reliability, and transparency. To protect our clients against the rare cases where something goes wrong, we hold professional liability insurance for our accountants with coverage of up to 50,000 euros, underwritten by If P&C Insurance AS.
In brief
Eesti Firma OÜ holds professional liability insurance for its accountants through If P&C Insurance AS, with coverage of up to 50,000 euros. We have maintained this cover continuously since 2022 and renew it every year. The policy compensates clients for financial losses caused by errors or omissions in our professional accounting work, providing an extra layer of protection alongside our qualified specialists and internal quality controls.
What does professional liability insurance for accountants cover?
Professional liability insurance covers financial losses that a client may suffer because of an error or omission in the accountant’s professional work. At Eesti Firma, this insurance protects clients against losses arising from issues such as:
- technical or calculation errors in bookkeeping and reporting;
- inconsistencies or omissions in financial documentation;
- misunderstandings or mistakes in financial records and tax reporting.
This protection is particularly relevant for recurring deliverables such as the annual report for Estonian companies, monthly bookkeeping, and tax declarations, where accuracy directly affects a company’s compliance status.
Who is our insurer and what is the coverage?
Our accountants’ professional liability is insured by If P&C Insurance AS, one of the largest insurance providers in the Baltic and Nordic region. The key terms of the policy are summarised below.
- Insurer: If P&C Insurance AS
- Coverage limit: up to 50,000 euros
- Scope: professional liability arising from accounting services
- In place since: 2022, renewed annually
Our professional liability insurance covers our entire accounting team rather than a single named specialist. This means your work is protected regardless of which of our accountants handles your file, and the cover remains in place even if your dedicated accountant changes. We maintain this insurance at our own expense — it is part of our service, at no additional cost to you.
Under the terms of the policy, clients may receive compensation for covered losses within the insured amount. In practice, if you believe you have suffered a loss caused by our professional error, you simply notify us — we review the situation and, where the claim is covered, handle it together with our insurer in line with the policy terms. This keeps any unexpected issue resolved responsibly, transparently, and with an independent insurer involved.
Why does professional liability insurance matter when choosing an accountant?
For a business, an insured accountant means that a professional mistake does not automatically become the client’s financial loss. Accounting services carry real responsibility for financial data, tax reporting, and legal compliance, and even careful professionals can occasionally face technical errors, documentation inconsistencies, or misinterpretations of financial records.
Professional liability insurance is therefore widely used in the accounting industry as an additional layer of client protection. For businesses comparing accounting partners, the presence of such insurance is a practical indicator of reliability and accountability — a sign that the provider has a concrete mechanism to manage risk, not just a promise.
How insurance fits into our wider approach to quality
Insurance is one of several safeguards we combine to protect our clients. Alongside the policy with If P&C Insurance AS, we rely on qualified specialists, careful internal review procedures, and transparent communication at every stage of cooperation.
By choosing Eesti Firma, you work with an insured accounting partner that treats accountability and long-term cooperation as the foundation of its work.
Note
Insurance protects you in the rare event of a professional error — but our first goal is always to get your accounting right. Let us provide you with the security, reliability, and confidence you deserve in every professional engagement.
