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Professional Cover

LeoLeo Just JoinedRegistered Posts: 2
in General accounting discussion
Hi All,

I am a full member of 2 years looking to start as an MIP. I would be doing bookkeeping and SA work to start with. I deperately need a professional cover in order to become an MIP. Is anyone willing to help me out please? I am based in Kent and have only one current client a small cleaning ltd co.

Any responses much appreciated.
Thanks

Comments

  • Gem7321Gem7321 Experienced Mentor DevonMAAT, AAT Licensed Accountant Posts: 1,438
    I too am looking to register as a MIP. I have a professional cover in mind - he is not an AAT member but is ACCA qualified but not longer works in accounts. Does a professional cover have to be an AAT member with their own PII?
  • deanshepherddeanshepherd Font Of All Knowledge Registered Posts: 1,809
    Professional cover does not have to be an AAT member but they do need to have the abiltity and capacity to manage your business if you are unable to do so. If they do not have PII then you should make sure they are covered under your own policy.
  • SueSue Well-Known Registered Posts: 217
    Hi

    I had a similar query regarding having an Accountant that wasn't an AAT Member in Practice when I renewed my licence last year.

    I emailed the AAT and they said that it was ok for me to nominate this person as my Professional Cover.

    They also sent me the following link:

    http://www.aat.org.uk/continuityofpractice

    I'm guessing they may not accept the person you have in mind as they have to have their own indemnity insurance and you said they no longer work in accounts.

    The best thing is to email the AAT and if you are lucky you will get a response!!!!!
  • LeoLeo Just Joined Registered Posts: 2
    Gem7321
    Member Join Date: Dec 2007
    Location: Devon
    Posts: 198





    I too am looking to register as a MIP. I have a professional cover in mind - he is not an AAT member but is ACCA qualified but not longer works in accounts. Does a professional cover have to be an AAT member with their own PII?

    _________________________________________________________________
    Gem7321,

    If you have no luck with the person you have in mind, I could be your professional cover and you could be mine. Let me know, my e-mail is [email protected].

    Thanks
  • Gem7321Gem7321 Experienced Mentor DevonMAAT, AAT Licensed Accountant Posts: 1,438
    Thanks for your replies, I will email AAT and see what they have to say
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