Professional indemnity insurance: more than a business must-have
Forming a close partnership with your insurer could help minimise the impact of – or even avoid – professional indemnity claims.
Beth Anderson
Freelance writer and editor.
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In recent years, multiple professional indemnity (PI) insurance claims have arisen from accountants giving advice in areas of practice beyond their expertise.
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With more companies encountering financial difficulty, accounting services will no doubt come under the spotlight, potentially increasing professional indemnity claims.
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The COVID-19 pressure cooker has amplified the need for practices to safeguard their team’s wellbeing – not only from a compliance and moral perspective, but also to mitigate the risk of professional indemnity claims.
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