|  |  |  |  | |  | for AccountantsA lot of companies try to sell insurance to accountants. That’s why we focus on fully understanding what is required, taking that extra step towards finding creative solutions to problems in order to add real value differentiating our offer from the crowd.
All chartered accountants in public practice in the UK and Republic of Ireland are required to hold PI insurance against claims arising out of their professional work and the same applies to many other jurisdictions. Such claims have increased significantly in recent years.
Accountants, like other professionals, have suffered from volatility in the price of professional indemnity cover, making it difficult to budget for the long-term. New insurance capacity for accountants’ PI liability has emerged, making pricing more competitive. However, the consolidation that has taken place in the insurance broking sector means that there are now fewer brokers with the expertise to advise accountants.
Howden offers services for accountancy practices who do not simply want a standard approach but who wish to deal with brokers who take the time to understand their activities and the issues they face.
We also provide valuable risk management services, including organising risk management seminars for newly qualified staff and at partner level, and arranging for insurers to attend renewal meetings where appropriate. We guarantee a high level of service in dealing with any claims that arise.
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