Legal liability insurance of auditing firm (obligatory)
Auditing firm third party liability insurance and other business activities, including audit activities, are attended with a risk of professional responsibility for the results of one’s work.
The greater the workload performed by the auditor, the higher the degree of his/her responsibility and material interest in protection against possible financial squeeze arising out of or in connection with his/her erroneous actions.
The THIRD PARTY LIABILITY of the auditing firms that have received the audit activity license under the procedure established by the law of the RK is subject to compulsory insurance.
WHY do you need an auditing firm THIRD PARTY LIABILITY insurance policy
In order to meet the requirements of the law of the RK. To protect your property interests in case of infliction of damage upon the auditees during audit.
HOW MUCH DOES YOUR AUDITING FIRM THIRD PARTY LIABILITY INSURANCE POLICY COSTS
The cost of the policy depends on several factors:
- The firm’s track record;
- Loss history.
To obtain further information about the plan, contact our managers. We will be pleased to help you.