Professional Indemnity insurance

nkarwa

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?

charlenebb

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.

Neillaw

Try Trafalger
AAT have an agreement with them which gives us a discount.