Professional Liability - CPA Firms

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Accountants Professional Liability Insurance Program

This Program offers broad claims-made accountants professional liability protection at competitive pricing. Our focus is firms with up to 10 CPA's. Larger firms will be considered.

Features

Policy is a "claims made and reported" form, including prior acts for Qualified Firms.
Coverage Applies to Claims arising out of any Wrongful Act committed while performing Professional Services on behalf of the Named Insured or a Predecessor Firm.
A Supplemental Payment of up to $10,000 is provided for the investigation and defense of Disciplinary Proceedings brought against you and arising out of a Wrongful Act that is otherwise covered by the policy.
Standard Annual Aggregate Deductibles ranging from $500 to $50,000 each Claim, including Damages and Claim Expense, are available to qualified applicants. "Loss Only" Deductibles are also available for an additional charge.
An automatic 60-day Extended Reporting Period provided at no charge, in the event of cancellation or non-renewal by either you or the carrier. Optional 12-, 24- and 36-Month, and Unlimited Extended Reporting Periods are also available at specified cost-factor.

Limits

Limits of Liability of up to $5,000,000 each Claim / $5,000,000 annual aggregate available to qualified applicants.
Limits include Damages and Claim Expense in all states except New York. Claim Expense paid in addition to Limits of Liability in New York.
A separate "Claim Expense" Limit of Liability of up to $1,000,000 annual aggregate is available to qualified applicants in states other than New York.