Carrier

Non-admitted "A" (XV) rated by A.M. Best Company

States

AK, AL, AR, AZ, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY

Product Info

Highlights:

• Primary and Excess coverage available
• Punitive damages coverage
• Personal injury coverage
• Predecessor firm coverage
• Defense costs for Disciplinary Proceedings $10,000 (in addition to the policy Limit of Liability).
• Supplemental Limit of Liability for Expense Reimbursement of $500 each day with a $5,000 aggregate limit
• Coverage is extended to independent contractors by agreement of Named Insured and if a fee inures to the Named Insured for subject Professional Services
• Coverage is extended to employees while acting within the scope of their employment duties
• Covered Professional Services include services performed by an Insured:
• in the practice of Public Accountancy including Financial Planning Services
• as a member of a formal accreditation board, standard review or similar professional board or committee related to the accounting profession,
• as an arbitrator, mediator or notary public,
• as an administrator, executor or representative of an estate,
• as a trustee of an individual or family trust.
• Mediation provision reduces retention
• Automatic 60-day extended reporting period
• Optional extended reporting period options are available
• Worldwide coverage for suits brought in the U.S.
• Company has right and duty to defend

Limits:

Up to $5 million each claim/$5 million Annual Aggregate Limit

Minimum Retention:

$5,000 each claim

Required Underwriting:

Completed Accountants Professional Liability Insurance application and applicable supplementary applications, i.e. Multiple offices/shared office space.

• Separate Entity
• Subsidiary Entity
• Mergers and Acquisitions
• Computer-related services
• Public client
• Non-public Audit Client
• Business/Personal Management
• Trust
• Financial Planning/Investment Advice
• SEC
• Outside Activities
• Accountants Financial Institution
• Professional License
• Claims Information

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