Accountants and Auditors Liability Insurance in Iran
For certified accountants, independent auditors, tax accountants and audit firms operating in Iran.
Persian twin page (authoritative): /liability/professional/accountants-auditors
Short answer
Accountants and auditors professional liability insurance in Iran compensates financial loss caused to clients and third parties by defective tax returns, misleading audit reports and accounting calculation errors, up to the policy limit. Defense costs in proceedings before the Iranian Society of Certified Accountants and the courts are covered where scheduled.
The final premium is issued upon official quotation — no premium figures are published on this site.
Who needs this policy?
- Certified accountants who are members of the Iranian Society of Certified Accountants
- Independent auditors and members of accredited audit firms
- Audit firms and financial services companies, covering their members
- Tax accountants licensed by the Iranian Tax Administration
- Chief financial officers and tax advisors, within the declared scope of services
- Certified accountants acting as statutory inspectors and legal auditors of companies
What is covered?
| Coverage | Description |
|---|---|
| Defective tax returns | Compensation for financial loss and attributable penalties arising from an incorrectly prepared tax return, where the accountant's fault is proven. |
| Misleading audit report | Cover for losses of third parties and investors who relied on a defective audit report, under the general conditions. |
| Recording and calculation errors | Compensation for damage caused by mistakes in statutory ledgers, depreciation calculations and preparation of financial statements. |
| Client tax loss | Reimbursement of tax penalties attributable to the accountant's performance, within the scope scheduled in the policy. |
| Legal defense costs | Attorney fees and procedural costs in client claims and disciplinary proceedings of the Society of Certified Accountants. |
| Firm staff liability | The firm's vicarious liability for acts of auditors and dependent staff, within the scheduled scope. |
What is not covered? (Exclusions)
- Loss arising from knowing collusion, deliberate manipulation of documents or participation in tax evasion
- Disciplinary fines payable to the Society of Certified Accountants
- Incidents occurring outside the policy period; the trigger is the incident date
- Loss caused by incorrect documents and information supplied by the client itself
- Internal disputes among the firm's partners and staff
- Tax penalties with no direct causal link to the accountant's performance
Issuance conditions
- A valid Society of Certified Accountants membership or relevant license on the incident date
- Accurate declaration of the service scope — audit, tax, financial management — at issuance
- Retention of working papers and records to evidence compliance with professional standards
- No undisclosed claims from previous policy periods
Required documents
- Membership certificate of the Society of Certified Accountants or the relevant tax license
- National ID and identity documents
- Previous liability policy, for claims history and no-claims discount
- Registration documents of the audit firm, where the policy is issued for the firm
- Description of services provided to clients, where required
How to buy — step by step
Quotation and service scope
Submit the quote request; the service scope and a matching limit of liability are proposed.
Documents and official proforma
After identity and professional documents are received, an official proforma invoice is issued on the approved Bimeh Iran tariffs.
Premium payment
Pay through the banking gateway or a bank receipt; cover starts the moment issuance is confirmed.
Policy delivery
The printed and electronic policy with its general conditions is delivered within one working day.
How to claim — step by step
Immediate notification
Report the incident to the agency as soon as a client or third party alleges professional error; the policy sets a maximum notification period of five working days.
Claim form
Complete and sign the claim form describing the events, the incident date and the engagement concerned.
Case documents
Submit the working papers, the defective report or return, and the parties' identity documents to the adjuster.
Specialist review
The adjuster assesses fault and the amount of loss by examining the professional records.
Agreement or judgment
Once responsibility is established, the compensation is calculated by agreement of the parties or by court judgment.
Payment with deductible
The recoverable loss is paid to the beneficiary after deduction of the policy deductible.
Claim notification deadlines and assessment details follow the policy general conditions and the Iranian Insurance Act (Article 30 practice: notification within five working days).
FAQs — Accountants and Auditors Liability Insurance
Legal sources
Civil Liability Act of Iran (1960) — Articles 1 to 11 — fault-based civil liability
Iranian Insurance Act (1936) — Articles 12 and 30 — insurable interest and five-day claim notification
General Conditions of Professional Liability Insurance (Bimeh Iran) — Central Insurance Regulation No. 57
Iranian statutes are authoritative in Persian; English titles above are orientation references.
Reviewed by the Iran Liability Insurance content team
Reviewed by the licensed team of Agency No. 20616 of Bimeh Iran, specialized exclusively in liability insurance.
Legal review: licensed team of Agency No. 20616, Bimeh Iran — Last reviewed: 24 October 2026
Get Accountants and Auditors Liability Insurance through the official Bimeh Iran agency
The online quote form is in Persian. English-speaking visitors may submit inquiries by email in English, and a consultant will respond in English. The quotation is issued on current Bimeh Iran tariffs after the limit of liability is agreed.