Rule 9 of the Rules of Conduct for Firms states:
A Firm shall ensure that all previous and current professional work is covered by adequate and appropriate professional indemnity insurance cover which meets standards approved by the Regulatory Board.
The nature and extent of the insurance or other indemnity need neither meet nor exceed current UK requirements but must be adequate and appropriate having particular regard to :
For further information, please see the Professional Indemnity Insurance Policy sheet.