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Alexander Forbes launches PI to cover accountants in run off

Alexander Forbes Professions has launched a professional indemnity insurance product for members of the Association of Chartered Certified Accountants to cover a six-year run-off period following the closure of a business or on a sole practitioner’s retirement.

The policy, underwritten by Royal & Sun Alliance, is believed to be the first of its kind and provides firms with peace of mind that their PII costs are accounted for over the six year period as well

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