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Professional Indemnity Insurance For Accountants
Operating or owning an accountancy service requires that you to have professional indemnity insurance to protect your business against errors and misconduct action. Quotezone’s widespread database has hundreds of UK based brokers and insurance providers who can offer you their cheapest and best quotes for PI insurance, to suit your accountancy requirements. Our online data form gives you the opportunity to complete your details in a single easy step and compare your results in minutes. There is little need to go to any other site after you experience the simplicity of Quotezone’s comparison options.
Are all Accountants legally required to have PI insurance?
It is a requirement, not an option for all accountants to purchase coverage for professional mistakes accidents or damages. When you are charged with the task of dealing with company or sole trader accounts and books, it is your professional responsibility to carry out that charge with absolutely integrity and honesty. If for some reason your business is sued for liable or professional misconduct you could find that paying out damages to a successful legal action could put you out of business. In cases such as these, your PI insurance will cover you for a large majority of your expenses, including some or all of your legal fees.
Does the FCA regulate Quotezone?
Quotezone and its panel of members are regulated under the Financial Conduct Authority and must comply with all rules and laws laid down for the protection of clients.