Professional Liability

Nuts & Bolts: Philadelphia Insurance Cos. is providing accountants with a professional liability policy. Their underwriting flexibility enables them to address the unique exposures that confront accountants. These policies are written to protect firms, employees, assets and reputations, and to provide coverage to firms with up to 75 professionals. 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 $10 million. Minimum retention — $1,000. Minimum premium for CPAs is $600.

Carrier: Philadelphia Indemnity Insurance, rated “A+” by A.M. Best, admitted.

States Available: All except Louisiana.

Contact: Marketing department, (800) 873–4552, or phlysales@phlyins.com.