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Professional Errors & Omissions
Accountants

General Star offers an Accountants Professional Liability program, administered nationwide by the Herbert H. Landy Insurance Agency. The CPA Advantage product is designed for traditional CPA firms, and the Accountants Basic Coverage (ABC) is designed for small accounting firms or enrolled agents and accountants requiring moonlighting coverage.

Paper

  • Commercial Business Interruption Coverage Form for standalone Business Interruption Coverage for apartment risks in cases where their building and personal property carrier is not providing the Loss of Rents coverage.

Risk Appetite

CPA Program
  • Coverage for traditional accounting services along with financial planning, consulting, and notary public
  • Coverage for public audit work, and fiduciary and investment services
    is available subject to underwriting rules
ABC Program
  • Tax preparers, bookkeepers, and small accounting firms
  • Coverage for Review work is available

Coverage Terms of Note

  • Claims-made only
  • Claim expenses outside the limits of liability option available
  • Loss only deductible available
  • ERP Options: 1, 3, or 5-year period as well as unlimited
  • Qualifying retirees are eligible for a free ERP
  • Limits up to $5MM/$5MM on a primary basis
  • Defense coverage for disciplinary proceedings
  • Predecessor and successor firm coverage
    100% of the deductible is waived if the claim is settled by alternative dispute resolution, mediation or non binding arbitration. (Subject to a maximum of $25,000)

For more information contact www.Landy.com

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