You need to ensure that you are covered for any claims that may arise after you cease practice.  You are required to have run off cover for at least 24 months after ceasing in practice. The Guidance for Obtaining Professional Indemnity Insurance and the Professional Indemnity Insurance Regulations provide more information on this.

A Member whose firm is ceasing is also required to obtain the appropriate PII run-off cover and submit a completed run-off Declaration of Compliance form.  Please email regulatoryauthorisations@icas.com to obtain a copy.