Under the ICAS Public Practice Regulations, every Practising Certificate (PC) holder resident in the UK or Ireland must ensure that their firm has appropriate Professional indemnity insurance in place that meets the requirement of these regulations.
Professional indemnity insurance helps protect you if claims are brought against you by a client due to a problem with the work you have done for them.
The client is also protected in that there is recourse to the firm's PII insurance if dissatisfied with an aspect of work undertaken. This distinguishes our PC holders from unqualified accountants who have no requirement to hold PII.
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Professional indemnity regulation and guidance
