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Accountants Professional Liability

10 Reasons Why™

  1. Modified consent to settle (hammer) clause which allows Insured's reasonable refusal to settle claims
  2. Trial Reimbursement coverage to up to $60/hour
  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 - two (2) free hours of legal consultation

Accountants Professional Liability 10 Reasons Why

Benefits of the Program

Philadelphia Insurance Companies (PHLY) is committed to providing accounting professionals and organizations with comprehensive professional liability coverage.

Accountants Professional Liability Insurance is available to firms of all sizes. Our coverage applies to claims made against the insureds by reason of a negligent act, error or omission in the performance of professional accounting services. Also covered are services performed by any insured as a notary public, trustee, receiver, consultant, executor, or in connection with the American Institute of Certified Public Accountants (AICPA) or any state society of public accountants.

  • Unique First party coverages via Pro Pak Elite for eligible insureds
  • Coverage for disciplinary proceedings defense
  • Defendants Reimbursement Coverage

Applications

Please select state specific forms when applicable.

Supplemental Applications

Please select state specific forms when applicable.

Documents Required for Proposal

  • Completed signed/dated PHLY Accountants Application
  • Application Supplemental Form(s) if applicable
  • Loss History (if applicable)

Policy Forms


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