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Comprehensive and Competitive Professional Indemnity Insurance Cover for the Accountancy Industry
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ANNUAL PROFESSIONAL INDEMNITY INSURANCE PREMIUMS |
Professional
Indemnity
Cover |
Total Annual Premiums for the following
Annual Fee Bands:
(including Insurance Premium Tax @ 5%) |
up to
£100,000 |
£100,001 to £200,000 |
£200,001 to £250,000 |
| £100,000 |
£320.25 |
£367.50 |
£462.00 |
| £250,000 |
£388.50 |
£446.25 |
£556.50 |
| £500,000 |
£593.25 |
£682.50 |
£855.75 |
| £1,000,000 |
£918.75 |
£1,050.00 |
£1,312.50 |
| £2,000,000 |
£1,837.50 |
£1,968.75 |
£2,231.25 |
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Professional
Indemnity
Cover |
Total Annual Premiums for the following
Annual Fee Bands:
(including Insurance Premium Tax @ 5%) |
| £250,001 to £300,000 |
£300,001 to £350,000 |
£350,001 to £400,000 |
| £100,000 |
£551.25 |
£645.75 |
£735.00 |
| £250,000 |
£672.00 |
£782.25 |
£892.50 |
| £500,000 |
£1,023.75 |
£1,197.00 |
£1,365.00 |
| £1,000,000 |
£1,575.00 |
£1,837.50 |
£2,100.00 |
| £2,000,000 |
£2,493.75 |
£2,756.25 |
£3,018.75 |
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| If your annual fees are over £400,000, or your require cover above £2,000,000 please call our freephone quoteline on 0800 055 60 83 or Click Here. |
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N.B. All of the above rates apply to risks with the following features/activities:
- Auditing
- Bookkeeping
- Preparation of Accounts
- Personal Taxation
- Company Registrar
- Management Consultancy
All risks with the following features or fees derived from the following activities should be referred to underwriters:
- Mergers, acquisitions, disposals and takeovers
- Other corporate finance work
- Commercial taxation
- Executorships, directorships, trusteeships,
- Insolvencies, liquidations and/or receiverships
- Film Finance
- Fees derived from PLC clients
- Independent Financial Advice, now or in the past, unless carried out on an introductory only basis.
- Fees derived from banks, building societies, friendly societies, insurance companies, Lloyd's syndicates, Lloyd's management or members agents, underwriting agencies
- Celebrity clients
- Work for off shore entities
- Where cheques over £25,000 do not require 2 signatures
- Where there is not a regular reconciliation of cash and receipts
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Professional Indemnity Scheme
Terms & Conditions:
* All risks must have all of the following features:
- No claims or circumstances in last 6 years
- All principals must have relevant qualifications or a minimum of 3 years relevant experience
- Proposer has not at any time been refused similar insurance, or had any policy cancelled or voided at any time
- All fees derived from UK including Jersey and Guernsey clients and work carried out in the UK including Jersey and Guernsey
- No work carried out offshore
- No manual work carried out
- Proposer's activities have not changed materially during the past 6 years
If you do not comply with all of the above please contact our office on 01384 423 888 as we may be able to quote terms with other insurers.
* All premiums quoted are inclusive of Insurance Premium Tax @ 5% & Policy Fees.
* The professional indemnity limit of indemnity is for Any One Claim, excluding costs and expenses.
* £500 policy excess each and every claim, increasing to £1,000 each and every claim where fee income is £200,000 or more.
* Retroactive Date: Inception - (if you have previously held professional indemnity insurance cover please advise us of the retroactive date so that we can refer to insurers for the retroactive date to be carried forward)
* Territorial Limits: Worldwide
* Jurisdiction: Worldwide excluding USA/Canada
* Satisfactorily completed proposal form and payment of premium
* Standard policy wordings and warrantees
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OTHER QUOTES |
If this scheme does not appear to be suitable
for your business activities &/or the size of your company please call 01384 423 888 or CLICK HERE. |
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