In the world today, managing ones finances while being covered by an accountants professional liability insurance policy is a must. A range of financial services are performed which can produce both positive and negative results. Whether we are talking about a Chartered Accountant, Certified General Accountant, CPA or Bookkeepers, the occurrence of a lawsuit as a result of the performing financial services is a strong possibility.
We are a dedicated brokerage that consists of specialists when it comes to providing Professional Liability Insurance or Professional Errors and Omissions insurance (E & O) to our clients for their protection from financial liability. Litigation today go in the millions and being a part of one without profession liability insurance can result in an end to a business or career. Professional Liability Insurance also referred as Professional Errors and Omissions Insurance (E & O) and Professional Indemnity Insurance protects you or your business from financial liability as a result of negligence, failure to perform an expected service or direct losses caused by services that you perform as a professional or business.
It is often mistaken that having general liability insurance is sufficient. General liability insurance only insures you for damages to the property of others and direct bodily injury to others. You as a financial service provider are NOT completely insured by your general liability policy. Providing accounting services to clients can only be insured through a professional liability insurance policy. Being without an appropriate liability coverage puts you or your business at serious risk.
Over the decades, we have carved and molded our insurance plan for professionals such as Chartered Accountants, Certified General Accountants, CPA’s and Bookkeepers. Your premiums are based on the description of your services, your claims history, and your specialty. We are extremely competitive with our premiums when it comes to providing Errors & Omissions liability insurance for Chartered Accountants, Certified General Accountants, CPA’s and Bookkeepers. Our clients generally request coverages from $1,000,000 to $2,000,000. Coverages for higher amounts are also available. Let us show you why we are the leaders in this industry. To request a FREE quote for your Professional Liability Insurance, click below.
If you are still on the fence regarding obtaining this type of insurance, read why accountants needs E&O Insurance.