The following discussion started in an important sticky so has been removed to it's own thread :

I was thinking about your comment, John, about many bookkeepers on here regularly going past TB.  I wonder if their PI cover allows this given the rules of certain governing bodies/actual PI insurance terms.

Hi Joanne
If the ICB sell you PI - you would hope it covers you for what they licence you to do !!!

Hi Trevor,

its a good point but how many bookkeepers pick up on the small print in PI insurance that specifies that people be not just qualified but also experienced in the services that they are offering.

If new to bookkeeping and you can get past the first couple of years without claiming then you have an arguement for experience but I wonder how many people would be successful in their claims if the claim related to their first clients?

As with many things with the ICB (and other professional bodies) they are not selling you the insurance but rather introducing you to a preferred supplier of relevant insurance products (Trafalgar) who also run schemes for other professional bodies.

Has anyone ever made a claim through Trafalgar? What was the result?

You would hope so Trevor, but as Shaun says they dont sell the insurance and it was really on the back of John saying that most bookkeepers on here dont stop at TB. Now obviously not all on here are ICB, far from it, but of those who are - how many are producing final accounts for Ltds when they perhaps only have level 3 as (as far as Im aware) this only allows accounts for sole traders/partnerships and NFP? I wonder how many people ever read the small print in documents - it may be boring but its a must.

And continue...