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Accountants Professional Liability
Accountants Professional Liability
Your professional practice could face the threat of a lawsuit, jeopardizing your assets because of a client making a judicial claim against your practice.
We cover
Attorney and defense fees.
Indemnity payment within policy limits.
Reimbursement from $500 up to a $5,000 maximum for court assistance at the request of the company.
Extended claim reporting coverage period option.
Applies to any incident occurred in any part of the world, if the lawsuit is filed in US territory.
Disciplinary action cost reimbursement up to $5,000 without applying a deductible.
Limit and Deductible
Coverage limit: $250,000 minimum limit per claim with an annual aggregate of $300,000 up to a maximum limit per claim/annual aggregate of $2,000,000.
Deductible: $1,000 minimum deductible up to $25,000 maximum deductible per claim.
Advantages
Competitive premium.
Incidental consulting coverage.
Consent from the insured before reaching an agreement.
Retroactive coverage available.
Coverage for former and current employees.
Premium financing available.
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