Accountants Professional Liability Program
Stable admitted market with strong policy form and a resourceful risk management website
Our exclusive Accountants Professional Liability program is available to CPAs, bookkeepers and tax preparation firms. The Liability limit is available up to $5M with convenient risk management resources. We deliver access to a quality Accountants Professional Liability Insurance Program through Aspen American Insurance Company.
Program Highlights
- Reduced deductible if engagement letter used for services other than audit or attestation services
- Reduced deductible when claim resolved within one year of report
- Supplemental coverages for Privacy Breach and Remediation, Non-Profit Directors and Officers and Employment Practices Defense
- Risk Management Services
- 800 Hotline for pre-claims assistance
- Access to HR / Advantage Advisory
- Engagement letter review by a law firm with expertise in insurance for accountants
- Minimum premium: Professional Liability – $315
Target Classes
- CPAs
- Enrolled agents
- General accounting practices
- Tax preparation firms
- Bookkeepers
- Part-time practices
Coverage
- Professional Liability: limits up to $5,000,000
- Defense Outside of the Limits and First Dollar Coverage available
- Subpoena Assistance Coverage
- Worldwide Coverage
- Innocent Insured Protection
Submission Requirements
- Supplemental Application
- Acceptance of competitor’s application
- 5 Years of currently valued Loss Runs
The description of this program is only a summary of available coverages. Actual policy language will dictate the scope of coverage in the event of a claim. Agents should read the full policy form and any applicable endorsements for full terms and conditions and should encourage their policyholders to do the same. The operations described herein are conducted by RSG Specialty, LLC, a Delaware limited liability company based in Illinois. RSG Specialty, LLC, is a subsidiary of Ryan Specialty, LLC. RSG Specialty works directly with brokers, agents and insurance carriers, and as such does not solicit insurance from the public. Some products may only be available in certain states, and some products may only be available from surplus lines insurers. In California: RSG Specialty Insurance Services, LLC (License #0G97516). ©2024 Ryan Specialty, LLC
