Some of you will know that i am studying AAT and that i am looking to use this qualification to gain employment. Having no interest whatsoever in becoming self employed i have not looked into the different types of Insurances and protection and also the companies that offer these services to bookkeepers.
There was a bit of a flap on a Kaplan AAT student forum the other day, some of the students seem to think (i didn't know how to answer) that after reaching AAT level 3 they would have to move across to ICB to gain a bookkeeping cert which would enable them to get insurance.
Some of these students are in the middle of setting up shop, some even have their first clients waiting for them. However, i can see the confusion as AAT don't offer insurance.
After a search on here i must admit to giving up. Partly because i don't know what i'm looking for and partly because i can't find the info.
I was wondering if any of you could list the different insurance options available to bookkeepers, maybe including the names of companies. Maybe people can update with their latest bargain insurance purchases or news of new companies and information.
I understand the students concern, they are worried about making mistakes with clients paperwork, which i have no doubt that they will do, yet coming from AAT there is so little advice about setting up shop. Insurance seems like a biggie, hope you can help.
Neil
PS i dragged that post out as i haven't been here a lot lately. I'm trying to fill my quota.
now there's a worrying thought that the bulk of your class is thinking of setting up as self employed bookkeepers! Mutiply that out by every class of potential bookkeepers out there and we have a lot of very disappointed newbies flooding the market!
I'm assuming, perhaps wrongly that those going self employed don't have a great deal of experience?
For any that do have some experience then perhaps suggest to them looking at the excellent Arlington professional services offer (see site special offers above) who would cover legitimate risks.
If they become members of the forum then PII will cost them £78 (plus the £24 membership).
Whether they should be considering self employment is another arguement.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
