Fee protection - to offer or not?
I know this is a regular question that is raised. It is certainly one that I have a perenial problem with.
I have been in practice now for 6 years and to date I have gone down the route of not offering fee protection to clients. I have had minimal enquiries over this period and I have largely absorbed the work/costs arising. I am not sure whether I have just been lucky so far with the number of enquiries to date.
I have never been a fan of this type of insurance but it does get raised occasionally by clients so I see it as my duty to keep it under review. I also get bombarded with offers from firms promoting the protection.
I wonder how many other accountants in practice there are like me with this ongoing dilemma of whether to offer it or not. It would also be interesting to learn from those that do offer it, how many wish they could now cease to offer it?
- Fee protection 308 10
- Scottish independence - what happens to HMRC? 360 13
- Go Cardless 75 3
- EIS deferral relief 31 1
- Looking for free PDF creator 1,259 41
- Reduce Rate VAT as a developer 97 1
- Bringing money to Uk 71 1
- How will auto enrolment affect accountants? 1,027 31
- Why will HMRC not code out my client's £1,730 underpayment for 12/13 190 3
- How long are you on hold- IRIS Payroll 76 3
- VAT Inspection 85 2
- VAT on commission from Oyster card top up, lottery & paypoint 181 1
- Excessive Security 734 31
- LLP classification of division of profit 169 5
- Is it just me 201 6
- VAT Bad Debt Relief 213 12
- Does practical cloud s/w for high transaction volumes exist? 497 24
- Moving from Sage payroll to Iris Payroll 60 1
- Samadian what does it mean 495 10
- Income tax exemption on woodlands 145 4
- Xtuple 484
- Qtac payroll for bureau 323
- Confused - Professional Association a Mutual trader, or not? 271
- Industrial & Provident Societies 264
- Mehjoo 205
- Data transfer from Sage Line 50 to VT Transaction+ 205
- New strategic report 161
- Domain name sale and limited company 144
- South African Government Pension 141
- CIS schemes 136