Professional Indemnity Insurance from Trafalgar Insurance

Insurance Built for Financial Accountants

Trusted by IFA Members Across the UK

Insurance That Understands Financial Accountants

Trafalgar Risk Management Ltd – The Trusted Broker for IFA Members

As a member of the Institute of Financial Accountants (IFA), you provide trusted guidance, regulatory compliance, and financial insight to businesses and individuals alike. Your professional reputation is built on accuracy, integrity, and accountability - so your insurance partner should reflect those same values.

At Trafalgar Risk Management Ltd, we specialise in providing insurance solutions tailored for financial accountants. With decades of experience supporting professionals across the accounting spectrum, we understand the specific risks IFA members face - and we know how to protect against them.

Whether you're a sole practitioner or provide advisory services, our expertise, personal service, and value-driven policies make us a trusted choice for IFA members across the UK.

Why IFA Members Choose Trafalgar

Specialist Knowledge of Financial Accountancy

We know that IFA members often provide a broad range of services - from bookkeeping and payroll to tax and business advice. We understand the evolving regulatory environment and give clients the ability to create a policy with tailored insurance to fit your exact professional activities.

Cover That Fits, Not Off-the-Shelf

We work with leading insurers to provide bespoke policies designed around your practice. Whether you provide routine financial services or complex advisory work, we’ll find the right level of cover for your risk profile.

Dedicated Support with a Personal Touch

With Trafalgar, you get more than a policy—you get a relationship. Our clients benefit from fast response times, and jargon-free advice when it matters most.

Risk Management that Works for You

We don’t just handle claims—we help prevent them. As our name suggests, we offer risk management insight via monthly blogs, that reduces your exposure and helps safeguard your business reputation.

PII That Meets IFA Requirements

6.3. The minimum amount of professional indemnity insurance cover, in respect of each and every claim, shall be:

(a) where a firm’s total income is less than £400,000, the greater of two and a half times its total income and £100,000;
(b) where a firm’s total income is £400,000 or more, £1,000,000.

6.4. A firm’s total income, for the purpose of calculating the minimum amount of professional indemnity insurance cover, is its aggregate income from professional fees raised by the firm, including any commissions received and retained by the firm, during the firm’s last complete accounting year. If the firm has not yet completed an accounting year, its total income shall be an estimate of its aggregate income from professional fees, including retained commissions, for the coming year.

* As taken from the IFA's 'Public Practice Regulations 2022' on: https://www.ifa.org.uk/media/1836798/public-practice-regulations-2022.pdf from 01/06/2025.