Accountants – Errors and omissions insurance


In general, these rules also apply to entrepreneurs from EU Member States and EU citizens in Austria.

Those qualified to practice accountancy professions (tax consultants and auditors) are required to take out errors and omissions insurance with an authorised insurance provider in respect of damages resulting from their activities, and must maintain that insurance for the entire duration of their entitlement to practice that profession.

The minimum insured sum amounts to 72,673 Euro for each individual insured event.

Further information on professional liability insurance for cross-border services can also be found at

Further links

Legal basis

Section 11 of the Wirtschaftstreuhandberufsgesetz (WTBG)

Translated by the European Commission
Last update: 12 January 2024

Responsible for the content: Federal Ministry of Labour and Economy

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