Accountants’ Professional Liability

Nuts & Bolts: Philadelphia Insurance Companies is now offering accountants a professional liability policy that addresses the unique exposures that confront accountants’ everyday, as well as some first party benefits not available anywhere else in the marketplace. 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