San Mateo, Calif.-based CAMICO, the provider of insurance for the accounting profession, and Berkley Design Professional Underwriters (BDP), a W. R. Berkley company, have forged a new program to serve CPA firms nationally.
The CAMICO-BDP program will help protect CPA firms against malpractice claims and damages from errors committed while providing professional services.
The program is aimed at mid-size and larger CPA firms in 45 states and the District of Columbia.
It will focus primarily on policies with limits of $3 million and higher and will be underwritten by BDP, on behalf of W. R. Berkley Insurance Group member companies.
The new program will be administered through CAMICO’s wholly owned subsidiary, CAMICO Insurance Services (CIS).
Firms will have direct access to CAMICO’s advisory, loss prevention, and claims services and resources. In addition, CAMICO will now be able to offer accountants professional liability coverage with limits of up to $15 million.
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