Licensed member insurances

Jenbo
Jenbo Registered Posts: 52
edited March 2018 in General discussion - Professional level
Hi, I am a Licensed member and have PI insurance of the basic level up to 50k and just work from home and only have the one client at the moment. What other insurances do people have and what would you recommend that I have?

Thanks

Comments

  • reader
    reader Experienced Mentor MAAT, AAT Licensed Accountant Posts: 1,042
    I use trafalgar however I have never ha to contact them/make a claim so I'm not sure how good they are: https://www.trafalgarinsurance.co.uk/AAT/index.php

    I too would be interested in finding out what others use.

    I believe burg uses policy bee: https://www.policybee.co.uk/accountants-insurance
  • Jenbo
    Jenbo Registered Posts: 52
    I also have used Trafalgar as recommended on the AAT website for PI but wondered ic I should be looking at anything else on top of this or even if I have enough cover with the 50k limit.
  • reader
    reader Experienced Mentor MAAT, AAT Licensed Accountant Posts: 1,042
    How big are your clients in terms of sales/turnover?

    How many clients do you have?
  • Jenbo
    Jenbo Registered Posts: 52
    I only have one at the moment but potentially 2. I only work in my spare time from home but want to gradually build up. My client has a turnover of around 90k
  • reader
    reader Experienced Mentor MAAT, AAT Licensed Accountant Posts: 1,042
    I wouldn't get more than £100k of professional indemnity given your biggest client is £90k

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