The Book-keepers Network Professional Indemnity Insurance (PII) Scheme
BKN Members Fee: £78.00 per annum (Inclusive of IPT)
Non BKN Members Fee: £132.50 per annum (Inclusive of IPT)
Please note: The above policy fees are based on a fee income up to £15,000 per annum and a £100,000 limit of indemnity. All other policies by written quotation only.
As a self-employed book-keeper it's important that you have the right PII cover but it can be a lengthy and complex process. To make it easier for you, The Book-keepers Network has teamed up with expert brokers Arlington Professional Risks and market leading insurers Zurich Insurance plc.
The new scheme brings you extended cover; rock-solid underwriting; simpler processes and reliable advice. Should the worst happen, you can rely on Arlington Professional Risks to manage claims with minimum disruption to your practice.
The scheme is available to all book-keepers, and accountants, regardless of qualifications or experience.
1. Download and complete the proposal form below
2. Send your form to Arlington by post, fax or email
3. Arlington will confirm your quotation. If you want to proceed, Arlington will take care of the rest!
Better cover, lower premiums, simpler procedures and support that's second-to-none.
In the current economic climate it's more important than ever to secure the right level of PII cover, backed up by expert support. At The Book-keepers Network, we understand the wider issues you face. We also know that choosing and renewing your PII can be time-consuming and complex; and that it's often 'just you' juggling your practice's commitments.
That's why we're offering a new scheme that not only saves you money but delivers extended cover, simpler more efficient processes; rock-solid underwriting, and free, one-stop-shop support from PII brokers with over 40 years' experience.
-Exclusive low-premiums for BKN members
-Bespoke cover for smaller practices
-Complies with ICB, IAB, AAT, ACCA and ICAEW requirements
-Nil excess (dependent on your circumstances)
-Underwritten by Zurich Insurance
-6 year Run Off cover available upon cessation of your Practice.
-Shorter, simpler proposal documents
-Automatic renewal - complete your proposal once
Because we're trusted brokers, we can negotiate lower premiums and excesses, without sacrificing cover. Plus you'll be able to pay in 12 interest-free instalments, to help spread costs and manage cash flow (for premiums exceeding £200).
PII is a mandatory requirement for most book-keepers. But it needn't take up so much time! We've come up with ways to make it easier for you to arrange and renew your cover. In fact, we've reduced our proposal form to just three pages, and our renewal process is automatic (subject to you completing a short declaration). Say good-bye to lengthy form-filling!
We're ready with our knowledge and enthusiasm to assist with any PII issue! We'll analyse the risks you take; and the level of protection you need. If a claim is made, our advice and support will keep disruption to you at a minimum. Plus the scheme includes a free legal helpline.
You need to notify insurers promptly of claims and circumstances which may give rise to a claim. Failure to do this could prejudice your practice's right under the policy. Please also tell us of any material changes to your book-keeping business at renewal or throughout the year.
'My PI rate used to be £175 for cover of £50K and an excess of £400. My rate with Arlington is £78.00 for £100K cover without an excess. Your efforts in helping members is much appreciated'
If you're already a member of the The Book-keepers Network and you're ready to complete a proposal for the new BKN PII scheme, you can download the proposal form here.
Please also download and review the following documents:
ZurichMisc (Civil) Policy wording.pdf
If you require further information on the BKN PII scheme, please contact either Stuart Dunn or Chris Green at:
Coombe Lodge, Blagdon, North Somerset, BS40 7RG
Tel: 01761 463 667
Fax: 01761 462567