Professional Indemnity insurance
nkarwa
Registered Posts: 6 New contributor 🐸
in Bookkeeping
Hi, I am applying for Accountnacy license, so need to buy a professional indemnity insurance from AAT recommended Insurer. Should I buy just professional indemnity cover upto £250000 or less? Also should i buy addtional cover like legal expense, cyber etc?
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Comments
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Hi
I am looking at insurance coverage as well. I have decided to just get the basic professional indemnity cover for now. I will increase when I build up clients. Starting a business is proving to be quite costly with cover, License fees, DBS checks, and data protection fees. That's what I am going to do.
I am not sure but I think the cover would be based on the client's turnover. e.g. If you did something wrong and it was more than £100K then you would only be covered for that amount. I suppose you could increase it once you get going.0 -
Try Trafalger
AAT have an agreement with them which gives us a discount.0
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