Malpractice Insurance for Accountants

AICPA Premier Plan Accountants Professional Liability Insurance

The Premier Plan is professional liability insurance designed for CPA firms with: 

(The CPA Value Plan is available for smaller CPA firms.) 

Accounting Malpractice Insurance from a Name You Trust

This AICPA-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: Premier Plan Accounting Malpractice Insurance: 

 

Eligibility
 
 
 
  • More than three professionals*
  • Gross revenues of $400,000 or more for new applicants*
  • *We suggest the CPA Value Plan for smaller firms
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
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  • Flexible coverage that can be tailored to a firm's specific needs
  • Highly competitive rates based primarily on staff size and annual gross billings
  • Covers all personnel of firm: full-time, part-time, temporary, professional or clerical

  • Comprehensive coverage for a wide range of professional services, including:

    • Tax Planning Preparation
    • Audit and other Attest Services
    • General Accounting Services
    • SEC Engagements
    • Computer Hardware and Software Services
    • Business Advise
    • Personal Financial Planning
    • Litigation Support
    • Expert Witness Testimony
    • Management Consulting Services
  • Full prior acts coverage is available to qualified firms
  • Settlement paid only with the insured's written consent
    Claims-Made policy: covers claims first made during the reporting period
  • Trustee Coverage: covers all AICPA Program insureds at full policy limits
  • Coverage for Lost Income Reimbursement
  • Coverage for Regulatory Inquiry
  • Coverage for Subpoenas
  • Expanded Coverage for Personal Financial Planning
  • Defense Counsel
  • Innocent Insureds
  • Extended Reporting Period ("Tail")
  • CNA Claims Alert Hotline
  • Policy Information Hotline: Call 1.800.686.8080 with any questions regarding coverage
  • Premium Financing: Competitive rates available to qualified firms; financing rates available upon request
Limits
 
 
 
 
  • Ranging from $100,000/$200,000 to $20 million/$20 million for qualified firms
  • A variety of split limit options (such as $500,000/$1,000,000 or $1 million/$3 million) are available upon request
 Deductibles
 
 
 
  • Ranging from $500 to $500,000 for qualified firms
  • Aggregate deductibles available upon request
  • $0 deductible option is available on the CPA Value Plan
 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