AAT diagnostic test results
Here are the correct answers (marked in green and with a tick):
Question 19
Select the correct answer.
What is the minimum level of professional indemnity insurance cover required by a licensed member who provides services to clients as a sole trader?
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The greater of 1.5 times the firm’s gross fee income or £50,000
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The greater of 2.5 times the firm’s gross fee income or £50,000
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The greater of 2.5 times the firm’s gross fee income or £100,000
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Explanation of the correct answer:
Here are your answers (those marked in red and a cross are incorrect):
Question 19
Select the correct answer.
What is the minimum level of professional indemnity insurance cover required by a licensed member who provides services to clients as a sole trader?
|
The greater of 1.5 times the firm’s gross fee income or £50,000
|
|
The greater of 2.5 times the firm’s gross fee income or £50,000
|
 |
The greater of 2.5 times the firm’s gross fee income or £100,000
|
If you think there is an error in this question, please quote reference: 14202