Accountant Professional Liability Insurance

AICPA CPA Value Plan

Accountant Professional Liability Insurance for firms with: 

Affordable Protection  for Small Firms

The CPA Value Plan is professional liability insurance designed for CPA firms with three or fewer professionals and billings of up to $400,000 per year. This -endorsed plan is underwritten by the Continental Casualty Company, one of the CNA insurance companies. CNA has earned an "A" (excellent) rating by A.M. Best Company.

Plan Features: CPA Value Plan Accountant Professional Liability Insurance

Eligibility
 
 
 
 
 
 
 
 
 
 
 
 
 

  • 1 - 3 professionals*

  • Gross revenues of less than $400,000 for new applicants*

  • No commissions for the referral or sale of insurance or investment products*

  • Business cannot consist of 51% or more non-public audit or management advisory services*

    *We suggest the Premier Plan for firms who do not meet these requirements.

Covered Services
 
 
 
 
 
 
 
 
 
 
  • Consulting services
  • Tax planning and preparation
  • Personal financial planning
  • Bookkeeping
  • Compilations
  • Reviews
  • Audits
  • Management advisory services
  • Information technology services
  • Litigation support services
Coverage Features
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  • High-quality, comprehensive coverage and service
  • Simplified application process
  • Rates developed especially for smaller practices
  • Equal and separate limit for payment of claims expenses
  • $0 deductible option
  • Claims-made coverage provides prior-acts coverage for qualified firms
  • Extended claims reporting period provides coverage for claims made during the "tail" period
  • Local defense counsel provided who is familiar with accounting practices and experienced in accountants' professional liability law
  • Consent to Settle: no claim will be settled without your express written consent
  • Trustee Coverage: full coverage limits included, without additional charge
  • ECRP Vesting Credit: extended claim reporting period coverage is discounted 10% for each year of consecutive coverage with CNA. This is especially important to those practitioners who plan on retiring, discontinuing or selling their practice

Limits

 
 
  • $100,000 / $250,000
  • $250,000 / $500,000
  • $500,000 / $1,000,000
  • $1,000,000 / $2,000,000
Availability
 
 
  • Brunswick Companies is administrator for the CPA Value Plan in OH and WV
Requirements
 
 
  • All quotes are subject to completion of application and supplements and underwriting approval.
Options
 
 
 
  • $0 deductible
  • Extended Claims Reporting Period: Optional one, three or five year extensions available in most states