MIP or Not?
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slackda
Registered Posts: 460 Dedicated contributor š¦
hi all hope you can help me,
So i have been a MAAT for the past twelve months, im looking to start out doing some freelance work, only basic items, book keeping, Tax returns Etc,
im not 100% sure on whether i need to be MIP, im in full time employment as a Management Accountant.
Do i need to Have PI cover? or if only if i become an MIP?
Thanks
Martin
So i have been a MAAT for the past twelve months, im looking to start out doing some freelance work, only basic items, book keeping, Tax returns Etc,
im not 100% sure on whether i need to be MIP, im in full time employment as a Management Accountant.
Do i need to Have PI cover? or if only if i become an MIP?
Thanks
Martin
0
Comments
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If you are working on your own (as well as the employment) then you are a self-employed person and hence, I would suggest, an MIP and therefore PI cover is a must.0
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I agree with T.C. that if you are a MAAT then to work as self-employed you need to be a MIP and to have PI cover.0
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Guess i better get registered as a MIP then , any idea on what sort of cover i would need on the PI insurance i had a quick look yesterday and for Ā£300 per year i can get Ā£100,000 worth of cover, as im only going to be doing the basic's to begin with i would think this is more than enough cover? any advice on this would be great!..
Thanks for your replies!0 -
AAT requires cover equal to 2 times or 2.5 times your turnover.0
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Try www.trafalgar.uk.com - much cheaper. PI limit Ā£100K, less than Ā£100 a year.0
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