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?

 

Comments
There are 12 comments. Login or register to view them.

No Brainer

zarathustra |
zarathustra's picture

I think you should

refs8 |

Do not do it

paulgrca.net |
paulgrca.net's picture

Did it two years ago

Fidodido |

Go for it

MBK |

FSB does not cover everything?

essex accountant |
essex accountant's picture

How do you profit from this?

Manchester_man |

We are charged say £150 from

murphy1 |

I thought you couldn't sell direct to clients

ShirleyM |
ShirleyM's picture

How do you invoice clients

FirstTab |
FirstTab's picture

block policy

essex accountant |
essex accountant's picture

VAT

essex accountant |
essex accountant's picture