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Professional Liability Insurance for Accountants and Other Accounting Professionals
CB Malaga is a producer for the CPAGold program, a cost-effective professional liability insurance and risk management program specifically designed for accountants and related professionals. The CPAGold program provides accountants with comprehensive coverage for professional services, including consulting services, auditing, tax preparation, and financial planning, on a worldwide basis. The CPAGold program is underwritten by A-rated Greenwich Insurance Company, an XL Insurance company.  Program Highlights Specimen PolicyWhy do accountants need professional liability insurance?Accountants are an easy target for lawsuits in the face of an ever increasing set of complex rules and regulations. Accountants face significant exposure to professional liability and malpractice claims, including the following:  Failure to follow Generally Accepted Accounting Principles Failure to follow Generally Accepted Auditing Standards Accounting errors Data entry errors Improper or incorrect tax advice Failure to complete appropriate forms Failure to perform appropriate peer review Failure to detect fraud Failure to meet deadline Failure to maintain appropriate documentation Failure to perform background search Failure to maintain appropriate safeguardsWhat coverage does a professional liability policy provide accountants?Professional liability insurance provides coverage for claims made against accountants by reason of a negligent act, error or omission in the performance of professional accounting services. What policy limits and deductibles are available to accountants?Accountants can choose from policy limits of $100,000/$300,000 (per claim/annual aggregate) up to policy limits of $10 million/$10 million. Deductibles starting at $1,000 are available to accountants. CB Malaga Insurance Services LLC provides professional liability insurance to accountants in all fields, including audit, tax, and consulting. Call us at 1-877-245-5887 if you have any questions or wish to discuss your professional liability insurance needs. We're looking forward to earning your business. |
