Technical resources

Keeping professional indemnity insurance costs at bay

Tips to help your firm better control its costs

The time it takes to discover a mistake

Indemnity insurance can be invaluable

The importance of run-off cover

Understand why this cover is necessary and what protection it provides

Understanding your gross fee requirements

Gross fees play a crucial role in professional indemnity insurance quotes

Accountants targeted amid furlough uncertainty

An examination of cases where accountants paid the price for furlough failures

Selecting the correct limit of indemnity for your practice

The key factors to consider when arranging your professional indemnity insurance cover

Should you give that reference?

How to give a reference that serves the needs of your client – while protecting your own interests

Cyber extortion, SMEs and ransom demands: part 2

How should you or a client respond when cyber criminals threaten to hold you to ransom?

Cyber extortion, ransoms and SMEs: part 1

How to protect business from the risk of being held to ransom

Retroactive dates on your professional indemnity policies

Which terms should you accept?

Fraud and the impact of Covid-19

In the wake of the pandemic, it is vital for businesses to maintain vigorous prevention procedures

Failed furlough claims

HMRC will only consider cases where a business has a reasonable excuse for missing the deadline

Risk and reward: how much is too much?

Professional service firms grapple yearly with the perennial question of how much professional indemnity insurance is appropriate for their businesses

Fee disputes and speculative claims

Practice steps you can take today with clients

Fee disputes and negligence

Inadequate letters of engagement have affected accountants and their professional indemnity insurers' ability to defend claims

Effective engagement letters

A robust document will help protect your practice from legal action as well as delivering business benefits

Fidelity guarantee insurance

What is FGI and why is this cover currently in the spotlight?

New ACCA insurance provider approved

Lockton, ACCA’s recommended insurance broker, has approved Arch Insurance (

Don’t run off without run-off insurance

Professional indemnity cover for the period after a practitioner ceases to practise is becoming harder to find

Professional indemnity insurance: market update

In a volatile landscape, early renewal has never been more important

The importance of letters of engagement

Make sure you include key considerations when drawing up a letter

The dangers of dabbling

Offering services you may not be equipped to provide could have implications for your insurance premium

The risks for M&A accountants

Financial professionals who are involved in mergers and acquisitions must understand the professional indemnity insurance implications

Limiting liability to non-audit clients

Including limitations or exclusions of liability in engagement letters is good risk management practice – as long as it is done carefully and effectively.

Professional indemnity hard market

A look at what's happening and the implications for members and their clients

PII: factors to consider in the hard market

Get the best price by presenting your firm in the best light

Tax mitigation schemes and other risks

A factsheet from Lockton looks at what tax advisers should look out for next

Retroactive dates on professional indemnity insurance policies

Understand their purpose and beware of pitfalls

Your professional indemnity questions answered

ACCA and Lockton have put together a range of resources to help members get to grip with professional indemnity insurance

Professional indemnity insurance helpline

Lockton offers support for ACCA members

Professional indemnity insurance: frequently asked questions

Read Lockton's FAQ guide, which covers everything from minimum levels required and what is coverage to retroactive dates and aggregate excess.

What if I can’t get professional indemnity insurance?

ACCA may be able to help

A guide to professional indemnity claims and circumstances

Lockton's step-by-step guide will take you through the process

What are the minimum PII requirements?

When choosing professional indemnity insurance, consider the work you undertake and the risks

The life cycle of a professional negligence claim

Lockton provides advice on how to handle a negligence claim

Manage your professional indemnity insurance

Lockton has launched an easy-to-use online portal

Factors behind the professional indemnity insurance shift

Is your PII cost rising? Find out why

Managing cyber risks and attacks

A robust plan will minimise business interruption and reputational damage

Insurance for probate work

Make sure you have the correct professional indemnity insurance in place

Risk and the strategic role of leadership

This report illustrates the current practice of board oversight of risk management, based on in-depth interviews with executive and non-executive directors. It highlights good practices but also challenges that leaders face and considers way forward.

ICOs: real deal or token gesture?

This report explores Initial Coin Offerings (ICOs) including what they are and how the relate to professional accountants.

Balancing rules and flexibility for growth in Africa

A joint report with KPMG examining frameworks of corporate governance for listed companies in 15 countries across Africa.

ACCA’s contribution to the EC consultation on whistleblowing protection

ACCA’s contribution to the European Commission's consultation on whistleblowing protection.

Technical factsheet: effective risk management

Risk affects all organisations. It can have far-reaching consequences in terms of economic performance, environmental and safety outcomes, and professional reputation. Managing risk effectively and risk optimisation, therefore, will help enterprises of all sizes and in all business sectors to perform well in an increasingly uncertain environment.

ACCA response to COSO ERM consultation

ACCA response to a public exposure draft issued by the Committee of Sponsoring Organisations of the Treadway Commission, 'Enterprise Risk Management – Aligning Risk with Strategy and Performance'.

Risk reporting

This report examines how the quality and value of risk reporting can be improved. It reviews current practice in risk reporting, the barriers to better risk reporting, the wishes of users, and the concerns of preparers.

A risk challenge culture

This joint ACCA–IMA report discusses the elements of a risk challenge culture. It draws on discussions from roundtables held in Dubai, London, and New York in late 2013.

Corporate governance and risk: a study of board structure and process

ACCA research report 129, by T. Nulty, C. Florackis and P. Ormrod.

Charities - fraud

The Charity Commission has updated its guidance on trustee duties to protect charities from fraud and financial abuse