This Update, kindly provided by Fishburn Solicitors, highlights recent changes to the ICAEW PII Minimum Terms which represent the most significant overhaul of these terms since their introduction. They also review a number of recent decisions of interest to accountants and their professional indemnity insurers.
STOP PRESS: SIGNIFICANT AND WIDE-RANGING CHANGES TO THE ICAEW MINIMUM TERMS TAKE EFFECT FROM 1 SEPTEMBER 2010
Professional Indemnity Insurance (“PII”) policies issued to accountants who are members of the Institute of Chartered Accountants of England and Wales (“ICAEW”) on or after 1 September 2010 will be subject to the revised ICAEW PII minimum terms. The revised minimum terms represent the largest overhaul of those terms.
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