Frequently Asked Questions
Have some questions?
We have listed below some of the more common questions. However, if you can’t find the answer you are looking for, don’t hesitate to contact us as we would be more than happy to help.
Absolutely not. If you choose to remain with your present insurer, you are free to so do. If you do, we will reduce your monthly subscription by £14 for every month that you remain outside the group scheme. Holding sufficient professional Indemnity Insurance cover is a requirement of ICPA membership so if you retain your own cover, we will ask you for a copy of your Insurance Certificate each year.
Yes, of course. You can become a member of the ICPA at any time throughout the year and opt in to take up the ICPA Professional Indemnity Insurance cover on the renewal date of your existing cover. A £14 per month reduction will apply to your membership subscription until you take up the Professional Insurance Cover.
Unlike other organisations membership of the ICPA is a practice-based subscription and we only charge an additional £14+VAT per month for each additional Partner/Director. So, for your three Director Company the monthly cost would only be £95 + VAT (£65 for the firm and the first Director, plus an additional £14 for each of the other two Directors).
ICPA membership is only available to Accountants in Practice in the UK so all members are by default in Practice. We therefore issue a single Membership Certificate for the practice rather than the individual member.
As a member of the ICPA you are entitled to use the term ‘Independent Certified Practising Accountant’ on your letterheads, business cards and website and yes you can also use our logo, which will be provided to you in various formats on joining.