Professional Indemnity Insurance (PII) is required by all self-employed members. Employees should be covered by their firm.
The Professional Indemnity Insurance Regulations govern this requirement and members should familarise themselves with these.
A random check on members' PII policies is undertaken by the Association.
Members should be aware that the ATT cannot recommend that members take out a particular PII scheme. However, the ATT has an arrangement with the following provider that, by virtue of their membership, any member will be provided with a quote for PII cover:
TaxPro Insurance.com cover provided by Hiscox via Stackhouse Poland Ltd who act as the brokers for them:
If a member’s fee income is less than £5000, a low cost PII policy (£5 per month) is available. TaxPro also provides protection for work done on a pro bono basis.
Jasmin Brewer jasminbrewer [at] stackhouse.co.uk
Direct Line: 01621 877960
Guy Cliffin GuyCliffin [at] stackhouse.co.uk
Direct Line: 01621 877963
Stackhouse Poland Ltd
Tel: 01621 841991 (Switchboard)
taxpi [at] stackhouse.co.uk
The offer can be found at www.taxproinsurance.co.uk
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