The latest guidance notes on professional indemnity insurance from the Chartered Institute of Taxation contain some helpful information for members. The guidance note covers a range of questions, from how much cover is required and how to calculate the amount. It also deals with related subjects such as capping liability and cover in respect of pro-bono work.
It will also tell you how to check to see if you policy complies with their compulsory cover requirements, so it's essential reading for all CIOT members.