Reigate, UK -- (SBWire) -- 09/27/2016 --A renowned accountancy firm in the UK, Competex offers professional indemnity insurance to protect businesses against legal losses and damages. Since 2000, they have been a popular choice among many entrepreneurs for providing support to their organisation, from conception through to success. Today, they serve more than 600 clients and provide them with much needed assistance to ensure the smooth running of their companies. Starting from £150 + VAT, they have multiple professional indemnity insurance policies that individuals can select as per their business needs. Those planning to cover their cost of litigation can apply for professional indemnity insurance online.
Competex offers specialist online accountancy services in the UK that focus on providing one-of-a-kind financial assistance to all start-up and existing freelancers, contractors and independent professionals. All of their services are rendered by their team of experienced and knowledgeable financial professionals who have been in this industry for years and are aware of all of the legal complexities and issues involved in setting up a limited company. Their professionals employ the latest technological tools to handle the financial affairs of any organisation efficiently, without hassle. Besides professional indemnity insurance, they also offer services like personal tax, bookkeeping, remuneration strategy, IR35 contract review, HMRC fee insurance, and much more.
Talking more about professional indemnity insurance, a representative of Competex stated, "Professional indemnity insurance covers you against the cost of litigation in case of your negligence when working on clients' affairs. It protects your business against claims for loss or damage made by a client or a third party if you make mistakes or are found to have been negligent in some or all of the services you provided. PI insurance will also cover your legal costs."
About Competex
Charles Fowler set up Competex as a specialist accountancy practice in 2000 to assist interim managers and consultants who may be affected by the IR35 legislation. Charles originally trained with Price Waterhouse in London and qualified as a chartered accountant in 1972.
15 years later, the business further evolved to assist all of those offering professional services, to manage their company. Not only have the rules appertaining to IR35 become more complex, but other compliance issues and regulations have also become more stringent. Originally based in an office in his home, the business has now expanded to employ over 25 members of staff.
For more information, please visit: http://www.competex.co.uk/
Protect Business Against Legal Losses with Professional Indemnity Insurance from Competex