Pii

maasalla
maasalla Registered Posts: 8 Regular contributor ⭐ ? ⭐
A student providing accounting services need to have professional indemnity insurance?
Please reply.....

Comments

  • Monsoon
    Monsoon FMAAT, AAT Licensed Accountant Posts: 4,071 ? ? ?
    It is not compulsory, but it is advisable!
  • zara5034
    zara5034 Registered Posts: 170 ? ? ?
    Im in that situation, as I run a payroll business on top of being a student member of the AAT, I got Pii through Simply Business, didn't cost a lot.
  • pirate
    pirate Registered Posts: 469
    Anyone have an idea of how this much costs.
    I cant get a quote from Simply business and everything I have is really straight forward

    thanks
  • Monsoon
    Monsoon FMAAT, AAT Licensed Accountant Posts: 4,071 ? ? ?
    I'm not sure for student members, but I would guess £100-200 a year
  • pirate
    pirate Registered Posts: 469
    Thanks Jenni

    just rang them and cheapest quote is £496.00 this is also for Public Liability as well as PII as i dont think you can do one without the other. Seems excessive but needs must and all that
    Will hopefully get cheaper once I am an MIP as they provide discounts on PII
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