Accountants’ Liability

Nuts & Bolts: Philadelphia Insurance Cos. is now offering accountants a professional liability policy designed to address the unique exposures that confront them every day, as well as some first-party benefits reportedly unavailable elsewhere. This policy provides coverage to firms with up to 75 professionals. Policy limits are available up to $5 million per claim. Also covered are services performed by any insured as a notary public, trustee, receiver, executor or in connection with the American Institute of Certified Public Accountants or any state society of public accountants.

Dollars: Policy limits are available up to $5 million per claim. Retentions vary. Minimum retention is $1,000. Minimum premium is $600.

Carrier: Philadelphia Insurance Cos., rated “A+” (superior) by A.M. Best, admitted.

States Available: All except Louisiana.

Contact: (800) 873-4552 or phlysales@phlyinf.com