Business Sector Guide

Professional Services Fraud Insurance

Law firms, accountants, consultants — protecting client funds and your practice from fraud.

Fraud Risks for Professional Services

Professional services firms hold a position of trust — often managing client funds, sensitive information, and significant transactions. Law firms handling conveyancing settlements, accountants with access to client tax accounts, and consultants with access to corporate systems all face elevated fraud risk from both internal and external threats.

Top Fraud Risks in Your Sector

  • Client trust account fraud
  • Employee embezzlement of trust funds
  • BEC targeting conveyancing settlements
  • Cyber attack on client data systems
  • Impersonation of firm partners

Recommended Insurance Cover

Commercial Crime InsuranceCyber InsuranceProfessional IndemnityFidelity Insurance

Frequently Asked Questions

The Law Society requires law firms to maintain appropriate insurance. While not all forms are mandated, the Law Society strongly recommends commercial crime and cyber insurance, particularly for firms managing significant trust account funds in conveyancing.

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A licensed adviser will recommend cover specific to your sector and risk profile.

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Get Professional Services Fraud Insurance

Protect your professional services business against the most common fraud risks in your sector.

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