ACCA CPD Requirements 2026: What Members Need to Know

Your actual policy and price may vary based on your business requirements.

Type of Non-Compliance	Potential Disciplinary Action by ACCA	Additional Risks
Practising without valid PII	Suspension or withdrawal of Practising Certificate; fines.	Personal liability for all claims; inability to trade legally.
Inadequate level of cover	Requirement to rectify; possible conditions on certificate.	Gap in coverage leading to significant personal financial loss.
Failure to notify ACCA of policy lapse	Investigatory procedures; reputational damage.	Automatic suspension of public practice rights.
Misrepresentation on application	Severe misconduct finding; expulsion from membership.	Policy could be voided, leaving no cover at all.

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• Keep proof of insurance accessible, either in physical or digital form, for presentation to authorities.
• Ensure all named drivers on the policy are disclosed and meet the insurer's eligibility criteria.
• Pay insurance premiums on time to avoid policy lapse and potential legal penalties.
• Understand the policy's territorial limits and ensure coverage applies for where you drive.

That’s why we use a team of knowledgeable insurance brokers who work with a panel of trusted insurers to help you find coverage for your needs.

Policy Element	ACCA Requirement / Expectation	Example / Note
Retroactive Cover	Must be provided (or prior acts covered).	Covers work done before the policy start date.
Run-off Cover	Required upon cessation of practice.	Typically needed for 6 years after stopping work.
Aggregate Limit	Should be at least twice the minimum per claim limit.	For £100k per claim, aggregate should be £200k minimum.
Territorial Scope	Worldwide coverage for work undertaken.	Especially important for firms with international clients.

Our UK-based team helps business owners daily to compare business insurance to find the right insurer that fits.

Do I need insurance to join a professional body?

When carrying out daily work, as an accountant, you could run into many risks. You make a financial error in a client’s account You suffer a data breach that exposes sensitive client information A fire breaks out on your premises An employee suffers an injury at work A client suffers an injury at your workplace If you’re self-employed and not a chartered accountant, it isn’t mandatory. But if you’re licensed to practice accountancy by ACCA, AAT, ICAEW, ICAS or CIMA, then you’re required to take professional indemnity insurance out. If you employ anyone, you’ll need to take out employer’s liability insurance by law, whether you are chartered or not. The main addition to business insurance for accountants is a professional indemnity insurance policy, which helps protects you against any claims for professional negligence in your work.

Claims Made Policies

Take a look at the requirements for the regulatory bodies and associations below: ACCA registered accountants must have a level of professional indemnity insurance (PII) insurance that is linked to annual income. If your firm’s annual income is less than £600,000: If your firm’s annual revenue is less than £600,000, your cover limit must be 2.5 times higher than your firm’s annual income or £100,000, whichever is higher. If your income is more than £600,000: If your (or your firms) total income is over £600,000. The minimum limit of indemnity on PII is £1.5 million. Professional Indemnity Insurance is an ICAS regulatory requirement for any member in practice, and it’s required under the Public Practice Regulations. Accountancy insurance could shield your professional reputation from financial and legal damages.

• Understand the claims process, including how to contact the insurer's emergency helpline.
• Know what is not covered (exclusions) such as wear and tear, mechanical breakdown, or damage from certain events.
• Check if the policy provides a guaranteed hire car following a non-fault accident.
• Be aware of the insurer's approved repairer network and any implications for using it.

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5. ICAS — the Scotland position

The policy must be arranged with a participating insurer that complies with approved wording. This is related to the level of cover and scope of cover against any claims made by work carried out in the last 6 years. Professional indemnity insurance (PII) is compulsory for all ICAEW members who have a practising certificate and engage in public practice. As of September 1, 2024 new regulations have come into play. Practising members generally must have a minimum indemnity limit of £2m for every single claim.

Professional indemnity insurance for accountants

Members with a gross fee income below £800,000 must have PI insurance that provides a minimum limit of indemnity equal to 2.5 times their gross fee income, with a minimum of £250,000. In case an employee gets ill or injured because of the work they do for you. A legal requirement if you have employees. In case you injure someone or damage something while providing your services. In case a customer sues you for damages because of a mistake in your work. Schedule a call with one of our insurance brokers to discuss the details to ensure they’re correct.

Tailor your accountants insurance in minutes with these covers

They can provide insights tailored to your unique needs. Compare Policy Options: Look at different insurance policies to find one that fits your professional requirements and budget. Make sure to compare the coverage and exclusions of each policy. Review Policy Terms: Carefully read through the policy details to ensure it covers all the essential risks specific to your role as an ACCA tutor. This includes checking for coverage on legal costs, settlements, and any other relevant areas.

11.2 Worked examples — five fee tiers

Understanding the factors that influence the cost of ACCA tutor insurance is essential after determining the right coverage for your profession. The cost of professional indemnity insurance for an ACCA tutor depends on several key elements. Firstly, the level of coverage you need directly affects the premiums. Tutors with larger client bases or those offering specialised services may face higher costs. Secondly, your experience and claims history play a significant role; a clean record can help lower your premiums. Get your quotes from our panel of trusted insurers and through any questions with our team.

• Declare all material facts relevant to the risk, such as the vehicle's primary use (e.g., business, commuting).
• Accurately state the vehicle's registered address and where it is normally kept overnight.
• Disclose any previous insurance claims, cancellations, or refusals within the period requested by the insurer.
• Provide correct information about the driver's license status, points, and convictions for all drivers.
• Declare any pre-existing damage to the vehicle before the policy inception.

You only need a few details to get started with getting a free

PII Limits for a Chartered Accountant

This policy covers a wide variety of equipment, such as laptops, projectors, and other teaching aids, shielding them from loss, theft, or damage. Whether the equipment is used in a home office or taken to different locations, this insurance ensures tutors can make a claim and quickly get back to work without major disruptions. By investing in this cover, ACCA tutors can concentrate on serving their clients, confident that their vital equipment is safeguarded. This enables them to provide uninterrupted, high-quality tutoring services. When estimating the cost of insurance for teachers and ACCA tutors, it's essential to determine the right coverage to safeguard against possible risks.

Who’s it for?

The cost will depend on several factors, such as the extent of coverage, the value of equipment, and the tutor's location. To accurately determine the right insurance cover for teachers and ACCA tutors, it's important to consider the specific risks associated with your profession. Here's a straightforward guide to help you find the most suitable insurance policy: Assess Your Risk Exposure: Identify the possible liabilities you might face in your teaching or tutoring role and how often they might occur. This could include things like errors in coursework, advice, or any potential claims from students. Consult with Insurance Experts: Speak to specialists who are familiar with professional indemnity insurance for educators. business insurance quote online, so it’s best to have the following information ready to

ACCA's Outcomes-Based CPD Cycle

Protects your building from unforeseen property damage including fire, storms, floods but also arsonists and vandalism. To provide compensation if a listed event stops your business from running normally. Prices could start from around 54p per day*. Because all businesses are different, it’s difficult to give a solid figure for what you’ll be paying for insurance without speaking to a broker. Your business is unique, and price depends on a number of factors, including: Extent of cover — The more cover you opt for, the more expensive your package will likely be.

4.5 Run-off

Your insurer — Depending on who is willing to insure you, the price for their policies will vary. Location — The location of your business is taken into consideration when calculating the cost of your premiums. Claims history — If you’ve made a claim on your policy or had claims made against you, it may affect your future premiums. *The price is for a offices and surgeries policy – 10% of customers who were sold with one of our panel providers paid £197.16 or less annually (excluding any additional administration fees) between 01/01/25 & 31/12/2025. Equivalent to £16.43 a month or £0.54 a day (and excludes the extra costs for paying monthly). go: Your name and contact details to receive your quote options You may be

What claims actually look like

Thirdly, the location and regulatory environment also impact costs. Lastly, the reputation of the insurance provider and the specifics of their policy terms, such as deductibles and exclusions, are important considerations. Evaluating these factors ensures that ACCA tutors secure appropriate and cost-effective professional indemnity insurance. Live support for students and tutors - the quickest way to talk with us. Protect against claims made by clients or partners 86% of businesses are happy with our customer service We compare a vetted panel of trusted business suppliers Bionic specialises in business insurance for small businesses and sole traders, like accountants Get cover to protect against claims from clients, partners and more.

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Bionic is trusted by UK businesses and won 'Highly Commended' at the 2025 Insurance Broker Awards When you’re dealing with accounts and tax returns for clients accuracy is key, but you can’t eliminate human error. Similarly, if you have an office or employ anyone, you could also run into risks of injury, fire or theft. That’s why it’s bet best betting promos today important to have sufficient business insurance in place. If you’re a member of a professional body like the ICAEW or ACCA, you are required to have a certain level of professional indemnity cover to practice. We can tailor your accountancy insurance to your business needs so you can service clients with your back covered and without the worry of paying out of your own pocket. asked additional questions about business activities Never spoken to a business insurance broker before?

4 times PI Insurance can prove invaluable for accountants

By insuring these important assets, tutors can maintain continuity in their teaching and enjoy peace of mind. Securing equipment and contents insurance is crucial for ACCA tutors to protect their valuable teaching tools and resources from unexpected damages or losses. Apart from professional indemnity insurance, ACCA tutors should consider this additional coverage for several key reasons: Protection Against Theft: Laptops, projectors, and other essential equipment are vital for tutoring. Insurance can help replace stolen items quickly, ensuring minimal disruption to your services. Insurance can cover the cost of repairs or replacements, helping you keep your tutoring business running smoothly.

Consultants and Business Advisers

Natural Disasters and Emergencies: Fires, floods, and other unexpected events can cause significant damage. Insurance provides peace of mind by protecting your assets in these situations. Cost-Effective: Investing in insurance can be more economical in the long run compared to paying out-of-pocket for repairs or replacements. Considering equipment and contents insurance ensures your tutoring resources remain secure and functional, allowing you to focus on delivering quality education. Business and portable equipment insurance offers essential protection for the tools and resources ACCA tutors depend on to deliver effective tutoring services.