Insurance Consulting for Tax Advisory and Administrative Firms

Recoletos Consultores designs and manages specific insurance programs for tax, employment, accounting and administrative advisory firms. Protect your firm, your employees and your clients with coverage tailored to the reality of your professional activity.

Insurance Your Advisory or Administrative Firm Needs

• Professional liability insurance: coverage against errors or omissions in tax, employment or accounting advice that cause financial harm to clients.
• Office damage and multi-risk insurance: protection for premises, equipment and data against fire, theft, water damage and other incidents.
• Cybersecurity and data protection: coverage for security breaches, ransomware attacks and GDPR-related penalties, especially critical for firms that handle third-party tax data.
• Life and accident insurance for the team: collective life, accident and disability insurance for firm employees.
• Legal expenses insurance: legal assistance in the event of client claims, tax authority inspections or employment disputes.

Why Work Through Recoletos Consultores?

We are an independent consulting firm registered with the DGS (J2479), with no exclusive ties to any insurance company. We analyze your real situation, negotiate with the insurance market and present you with the most efficient option. Our client is the firm, not the insurer.

Frequently Asked Questions About Insurance for Advisory Firms

Is professional liability insurance mandatory for a tax advisory firm?

There is no general legal obligation, although some professional associations require it in order to practice. However, given the level of responsibility assumed by an advisory firm in managing its clients’ tax and employment matters, it is essential coverage from a risk management perspective.

What exactly does a professional liability policy for advisory firms cover?

It covers financial claims from third parties —clients, the tax authorities or Social Security— arising from errors, omissions or negligence in the performance of professional activity: incorrect tax returns, missed deadlines, payroll calculation errors, etc.

How much does professional liability insurance cost for an advisory firm?

It depends on the firm’s turnover, the number of clients and the coverage limits contracted. A medium-sized advisory firm can obtain coverage of up to €300,000 per claim at very competitive premiums. Request a free assessment to obtain a real market comparison.

Can an administrative firm take out cyber insurance without prior technical experience?

Yes. Current cybersecurity insurance policies include incident response services, GDPR compliance advice and training for the team. You do not need to have your own IT department to take out and benefit from this coverage.

Protect Your Firm Today

Request a free strategic orientation session. In 60 minutes, we audit your current coverage, identify gaps and present you with an improvement plan with no obligation.