Invoice from accountant for insurance

[B19GRR]

Hi all,
I can't remember if I asked this last year or not (grey cells rapidly reducing in number as grey hair rapidly increases). Anyway I got home today to find a second invoice (for this year) wanting me to cough up £47 for insurance to cover professional costs in case the IR decided to audit my accounts. Is this common now? I've been with this firm of accountants for 3 years, didn't have this insurance in the first year. The guy I used before them didn't ever request this extra cover.

Alternatively, anyone got any recommendations for accountants around the Huntingdon/Peterborough area who charge less than £500 to sort out and submit an incredibly simple set of accounts?

Cheers,
Rob

[B19GRR]

Thanks guys, interesting stuff.

Alas there's no point in me joining the FSB now as come the end of November I'll no longer be self-employed (fingers crossed). I have just reminded my GF though, who is a member of the FSB, about their cover so she can ignore her invoice from the accountants at least.

Cheers,
Rob