Lost Income Reimbursement Coverage
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- As part of our standard coverage, the Premier Plan will reimburse you for income lost due to attendance required by CNA at defense proceedings.
- The Plan now pays $250 per day, up to $5,000 per policy period.
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Coverage for Regulatory Inquiry
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- The Premier Plan provides up to $2,500 in attorney fees, court costs and investigation expenses related to proceedings before a state licensing board or inquiry panel.
- This coverage is applicable when there are no allegations of Malpractice.
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- The Premier Plan includes coverage for legal counsel relating to a subpoena for documents or testimony not related to a claim against you or your practice.
- Legal advice on document production or on giving sworn testimony will be provided at your request and legal fees will be covered by the Plan.
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Expanded Coverage for
Personal Financial
Planning
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- Coverage for services as an executor, administrator or personal representative of an estate and as a trustee for a personal trust is included in the Premier Plan.
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Defense Counsel
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- Is provided by CNA. All assigned counsel have experience in accountants' professional liability defense.
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- Provides protection to innocent principals, partners and employees in the event of fraud or misrepresentation by another principal, partner or employee.
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Extended Reporting Period
("Tail")
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- The period for reporting claims is automatically extended for 60 days beyond the normal or scheduled policy expirations.
- Optional extended claims reporting coverage of one, three or five years is available in most states.
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- The AICPA Program provides a claims assist/avoidance hotline that offers direct access to claims and risk management professionals who can provide assistance and answer questions on potential liability issues, claim reporting and handling, and referral to legal counsel if necessary. Call 1.800.262.8060.
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