Accountants Professional Liability Insurance Program Covers:
Accountants, Bookkeepers, Tax Preparers, Small and mid-sized accounting firms.
10 Reasons Why:
1. Modified consent to settle (hammer) clause which allows insured's reasonable refusal to settle claims
2. Trial reimbursement coverage to $60/hr
3. Disciplinary proceedings reimbursement up to $12,500 per policy/per incident
4. Removal of absentee notary services exclusion
5. Consultant and personal financial planner included in definition of Professional Services
6. Coverage available for services rendered to clients in which the insured holds an equity interest (up to 15%)
7. Extended Reporting Period Limit of Liability is reinstated to full per claim limit
8. Innocent insured coverage
9. Applicable deductible reduced by 50% if a claim is resolved through mediation process
10. Loss assistance hotline - 2 free hours of legal consultation
