Accountants PII · Glasgow
PI insurance broker for accountancy firms in Glasgow
Reviewed by Apex Insurance Brokers · Published 14 July 2026
In short: Apex places PI insurance for ICAEW, ACCA and independent accountancy firms across the UK including Glasgow and Scotland. This page sets out how we approach accountants' PI placements for Glasgow-based firms.
Serving Glasgow accountancy firms
- ICAEW PII Regulations compliance — £2m minimum, or 2.5x fee income with a £250k floor if fees are under £800k.
- ACCA Rule 8 alternative framework support.
- DPB regime for firms doing FCA-regulated investment business.
- R&D tax credit exposure underwriting expertise.
- Named-broker model and wholesale market access.
Common Glasgow accountancy profiles
- Sole-practitioner tax-only firms at the ICAEW £250k floor.
- Mid-market general practice firms with audit and corporate finance.
- Specialist tax and R&D advisory firms.
- DPB-regulated firms combining accountancy with investment advisory.
- Multi-partner firms with corporate finance and complex advisory.
The ICAEW framework
- ICAEW’s PII Regulations set PII requirements.
- Minimum cover is £2m, or 2.5× gross fee income with a £250k floor for firms with fees under £800k (ICAEW PII Regulations, from 1 September 2024).
- Two-year run-off mandatory after firm cessation.
- DPB rulebook for FCA-regulated activity.
R&D tax credit underwriting for Glasgow firms
- R&D tax credit work attracts specific underwriter attention post-HMRC scrutiny increase.
- Volume, methodology, HMRC engagement all matter.
- Some insurers restrict or exclude R&D advice.
- Documented methodology supports underwriting.
- Specialist broker essential for R&D-heavy firms.
Frequently asked
Do you serve Glasgow accountancy firms specifically?
Yes. Apex is a UK-wide specialist broker serving accountancy firms across every region including Glasgow.
How does the ICAEW 2.5x formula work?
Firms with gross fee income under £800,000 need 2.5 times fee income, with a £250,000 minimum; larger firms need £2m for any one claim and in the aggregate (ICAEW PII Regulations, from 1 September 2024).
How much does accountancy PI cost for a Glasgow firm?
We do not publish premium figures: fee income, the balance of compliance against advisory and tax-planning work, the limit and excess you choose and your claims record are what move the price. Larger practices with audit, corporate finance and R&D materially more. We quote what the market returns.
Can you place cover for Glasgow R&D tax credit specialists?
Yes typically. Specialist broker with wholesale market access essential for R&D-heavy practices given the underwriter attention.
Do you handle DPB-regulated firms?
Yes. DPB-regulated firms carry both ICAEW PII Regulations obligations plus FCA-adjacent PII standards. We place both scopes.
Do you serve non-ICAEW Glasgow accountants?
Yes. Non-body-regulated accountancy firms don't face statutory PII requirements but typically hold cover commercially. We place cover appropriate to the firm's activity.
Can you help a Glasgow firm with a prior claim?
Yes typically. Wholesale market access materially widens options for difficult-risk placements.
Do Glasgow firms need cyber cover alongside PI?
Yes typically for material client-data holdings. Combined PI-cyber policies streamline. We advise on both.
Related reading
- PI insurance broker in Glasgow
- Accountants sector guide
- Accountants annual PI renewal
- PI for tax advisers
Clients worried about HMRC enquiry costs?
Our group includes Solar Protect — tax fee protection your clients can buy online in minutes, or that your firm can offer as a scheme. See fee protection for accountancy firms or how tax fee protection works.