Accountancy PI - PI warfare
Katherine Brandon explores the battlefield of insurance for accountants and the domination of professional indemnity cover for this sector
Since the involvement of accountancy giant Andersen in the Enron scandal in March 2002, professional indemnity insurance for accountants has become highly competitive. The Institute of Chartered Accountants of England and Wales estimates that there are between 10,000 and 12,000 chartered accountancy practices in the UK, with around 95% of them being one or two-partner local firms, which offers huge opportunities for many brokers.
"The Enron scandal has been one of the overriding issues for
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