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As a proprietor of a non-audit firm, do I need to subscribe for the Professional Indemnity Insurance coverage?

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As a proprietor of a non-audit firm, do I need to subscribe for the Professional Indemnity Insurance coverage?

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-Yes, you have to. Under By-Law 23-3, every member in public practice is required to have a minimum coverage of RM100,000 per annum. Your annual subscription in this situation will normally not exceed RM100 per month.

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Nowadays, business is developing very quickly. So it is important to be prepared for any situation. I almost immediately got my firm insured against unforeseen circumstances here american-reia.com Because I understand that you cannot expect perfect work from employees. By the way, I got a lot of useful information on this subject from an article about E&O Insurance, including why it is needed and what it covers.

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