News and INSIGHT
ICAEW members in private practice have an obligation to purchase Professional Indemnity cover, with a Limit of Indemnity that depends on the firm’s fee income.
The cyber stakes changed for businesses in 2017. Nation states targeted private companies. Corporations lost billions in market capital. CEOs were toppled from office.
2017 has been another busy year for Professional Indemnity Insurance (PII) claims, with claims related to tax work making up 33% of all claims reported by accountancy businesses.
Having the right level of Professional Indemnity Insurance enables you to work confidently in the knowledge that your business is covered. Our simple checklist identifies the key considerations when managing your PII.
As risk gets more complex, directors and officers are held more accountable. Since the financial crisis in 2008, claims against directors and officers have grown more frequent, complex and expensive.
In less than a year, the EU General Data Protection Regulation (GDPR) will come into force. Despite Brexit, UK organisations that want to conduct business in the EU must also comply with the GDPR. Is your business compliant?
Two-thirds of UK organisations have not provided their employees with cyber security training.
It is often seen as being something vastly different to normal professional indemnity insurance however, there is no great mystique to run-off insurance.