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Having professional indemnity insurance (PII) in place is a legal requirement for accountants, but it’s more than just a tick-box exercise – careful consideration is needed when selecting a policy that’s right for the work that you do.
It is often seen as being something vastly different to normal professional indemnity insurance however, there is no great mystique to run-off insurance.
The accountancy world has been adversely impacted by the COVID-19 pandemic and ensuing lockdowns. But as we navigate the third phase of the crisis, what challenges await in the “new normal” and how can accountants begin to address them?
Every year Marsh Commercial likes to take the time to review the year that has just gone and what may be facing us in the year ahead. We don’t want to dwell too much on what was such a tough year on so many levels.
If you need professional indemnity insurance (PII), then you’re going to need an insurance broker.