Professional Indemnity for Accountant
According to Section B210 of the By-Laws issued by the Malaysian Institute of Accountants, all members engaged in public practice must obtain and maintain a Professional Indemnity Insurance (PII) policy with a minimum coverage of RM250,000.00 from the commencement of their practice.
As part of the annual renewal process for a member’s practicing certificate, proof of the required Professional Indemnity Insurance coverage must be submitted.
You can obtain your Professional Indemnity (PI) policy today through State Insurance Brokers, the appointed panel insurance broker and consultant of the Malaysian Institute of Accountants (MIA). State offers a competitive PII scheme with premiums starting from as low as RM270*.
The PII Scheme offers
HIGH COVERAGE LIMIT
Up To RM5,000,000
COMPREHENSIVE COVERAGE
VERY COMPETITIVE PREMIUM
Starting at only RM270*
*Excluding 8% service tax and RM10 stamp duty
*Terms and conditions apply
Coverage
Our PII policy extends to provide the below additional coverage:
- Loss of Documents
- Dishonesty of Employees
- Consultants, Contractors, Subcontractors and Agents Extension (Vicarious Liability)
- Estates and Legal Representatives
- Defamation
- Joint Venture Liability
- Automatic Run-Off Cover
- Newly Created or Acquired Entity or Subsidiary
- Intellectual Property
- Continuous Cover
- Inquiry Costs
- Principals’ Previous Business
- Retired Principal Cover
- Discovery Period
- Emergency Defence Cost Cover -sub-limit of 10% Limit of Indemnity
- Premium Warranty (60 days)
This Accountant Professional Indemnity Insurance Scheme is underwritten by Generali Insurance Malaysia Berhad.
To complete online proposal forms, obtain insurance quotes, or view your submitted forms, you need to have an account and be logged in.
To renew your PII policy
Login to your account with your registered email address and password.