Accountancy is one of the more established professions. But it is fairly fragmented, being made up of members from a number of professional bodies as well as unqualified but highly experienced advisors, such as former tax inspectors.
Firms vary dramatically in size and services, from small sole practitioners through to huge international practices. Some of the professional bodies maintain rules for mandatory PI cover.
What do Insurers look for?First and foremost, qualifications or experience. If an 'Accountant' is unqualified then insurers will want to see a CV, normally demonstrating at least five years' practical experience, maybe more depending on the services offered.
Insurers will be particularly interested in what type of work the proposer is doing and proposal forms bring this out by asking for a breakdown of fee income.
A proposal form is available in a Microsoft Word and Adobe Acrobat format by clicking the links below.
You will need Acrobat reader to view PDF files. Please visit the Adobe website where you can download it for free.
