The Bookkeepers.Network (BKN) Professional Indemnity Insurance (PII) Scheme
BKN Members (Full or Premium) – premiums from £80.00 per annum (inclusive of IPT)
Non-BKN Members - premiums from £135.00 per annum (inclusive of IPT)
Please note: the above premiums are based on members earning gross fees up to £15,000 per annum in pure book-keeping roles at a £100,000 limit of indemnity. Quotes based on higher fees, varied work splits and alternative limits of indemnity can be provided by written quotation from Arlington.
BKN PII Scheme
As a self-employed Bookkeeper in the current economic climate, it’s important you have the right PII cover at the right levels, but obtaining it can be a lengthy and complex process. 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. To make it easier for you, the Bookkeepers.Network has teamed up with expert brokers, Arlington Insurance Services Ltd, and market leading insurer, Zurich Insurance plc.
The Bookkeepers.Network PII scheme brings you broad policy coverage, solid underwriting, simpler processes and reliable advice. Should the worst happen, you can rely on Arlington and Zurich to manage claims with minimum disruption to your practice.
The PII scheme is available to Bookkeepers, subject to qualifications, experience and work split. Please note that insurers may require prior sight of a CV for new start-up practices.
PII Scheme Benefits
- Exclusive low premiums for BKN members
- Broad Civil Liability policy wording
- Cover targeted at smaller practices
- Nil excess (subject to your circumstances)
- Underwritten by Zurich Insurance plc
- Technical support and advice
- 6 year run off cover available upon cessation of your practice
- Shorter, simpler proposal forms to complete
- Automatic renewal; complete a proposal form once every 3 years
Obtaining a no obligation quote in 3 easy steps
1. Download and complete the short proposal form below.
2. Return your form to Arlington by email or post.
3. Arlington will confirm your quotation. If you wish to proceed, Arlington will take care of the rest.
As we are specialist PII brokers, we can negotiate lower premiums and excesses without sacrificing cover.
Support every step of the way
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. The scheme also includes a free legal and tax helpline.
You need to notify your PII insurers promptly of claims and circumstances which may give rise to a claim. Failure to do this could prejudice your practice’s rights under your policy. Please also inform us of any material changes to your business at renewal and/or throughout the year.
If you’re already a member of The Bookkeepers.Network and you’re ready to complete a proposal for the BKN PII scheme, you can download the proposal form here:
Nov 2016 BKN prop.pdf
Please also download and review the following documents:
Zurich General Professions Civil Liability policy wordingCover Summary (updated version)Guide to the Insurance Act 2015
If you require further information on the BKN PII scheme, please contact either Anna or Verena at:
68 Old Market Street
Bristol. BS2 0EJ
Tel. 0117 387 8880