Insurance Program Results
Accountants Professional Liability to Stagnate?
Crittenden Insight |
Crittenden Insurance Program Directory |
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Accountants Professional Liability |
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Carrier (Administrator) |
Appetite/Distinguishing Coverages |
Distribution/Access |
Crittenden’s Customer Service Rating* |
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CAMICO Mutual Insurance Co. |
Small to large CPA firms. Small firms with limits up to $2 million are written on CAMICO Mutual paper while midsize to large firms with limits of $3 million or higher are written on W.R. Berkley paper via Berkley Alliance Managers. Prior acts available for accounts with continuously maintained professional liability coverage. Five percent premium credit when choosing exclusionary suit-for-fees endorsement. Additional products available include employment practices liability, cyber, business owner’s policy, travel policy, personal umbrella and work comp. Limits available up to $15 million. |
Agents |
4 Stars |
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Great American |
Accountants, tax preparers, enrolled agents, bookkeepers, CPAs. Typically covers firms with on to 25 employees. EXPRESS application available online for small firms. Broad network security coverage up to $2 million and employment practices and discrimination coverage available by endorsement. Limits available up to $5 million. |
Independent Agents |
5 Stars |
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CNA |
CPA firms. Offers three plans depending on size of firm. Expanded coverage under Premier Plan (midsized firms) offers network risk and privacy claim endorsement, employee theft, among other coverages. Limits up to $1 million (small firms) and $1 million/ |
Direct |
4 Stars |
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Philadelphia |
CPAs, bookkeepers, enrolled agents, non-CPA, tax preparer as well as services performed as a notary public, trustee, receiver, consultant, executor or in connection with American Institute of Certified Public Accountants or other state society. Limits up to $3 million. |
Independent Agents |
5 Stars |
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W.R. Berkley |
Small to midsized local and regional accounts, including accounting firms, business consultants, tax preparers, bookkeepers, private company and nonprofit auditors and compilation services. Primary and excess available. A 50 percent deductible credit available for use of mediation or non-binding arbitration up to $25,000. Limits up to $5 million. |
Through Lockton Affinity or Mercer |
3 Stars |
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Liberty International Underwriters |
Firms with up to $5 million in annual revenue. Optional coverage includes employment practices defense, outside organization D&O claims expenses, employee dishonesty endorsement, and privacy and network security risk endorsement. Limits vary by state. |
Independent Retail Agents |
4 Stars |
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Travelers |
Accounting professionals including bookkeepers, enrolled agents and tax preparers. Small and mid-sized accounting firms. Policy can include network and information security offense coverage, security breach remediation and notification expenses, investment advisor coverage, personal fiduciary coverage, and crisis event coverage. |
Brokers and Agents |
3 Stars |
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The Hanover |
Small accounting firms with revenues from $50,000 to $10 million including bookkeepers, tax preparers, investment advisors, personal fiduciary or trustee advisors, arbitrators, enrolled agents, and notary publics. Broadening endorsement for those who provide services as life insurance agent, registered representative or real estate agent. Network and information security breach coverage available. Other policy options include employment practices and discrimination, crisis event coverage, and privacy event coverage. Additional coverage available includes business owner’s policy, commercial auto, work comp, umbrella and inland marine. |
Independent Agents |
4 Stars |
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QBE |
Firms with up to 50 CPAs, but can write large firms. Average firm size is about seven CPAs. Policy enhancements include client notification and consultants costs, cyber protection, discriminatory complaint regulatory coverage, and reputation protection coverage. Optional endorsements include registered representative and registered investment advisers endorsements, client identity theft endorsement, PCAOB investigation coverage, fiduciary coverage, part-time legal services endorsement, valuation services endorsement, IRS penalties endorsement, and Internal Revenue Code 7216 penalties endorsement. Limits up to $10 million. |
Experienced Producers |
4 Stars |
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Argo Pro |
Main street accounting firms including some firms that perform public audits for small capital companies (less than $250 million in revenue); excess only for firms with revenue greater than $15 million. Definition of claim includes privacy and network security breach. Limits up to |
Brokers |
3 Stars |
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General Star |
Tax preparers, bookkeepers and small accounting firms on Premier policy while firms with up to 100 professionals available on Premier Plus policy. Coverage for review work available on Premier form. Equity Plus Endorsement includes moonlighting tax preparation services. Network and privacy protection available. Limits up to |
Agents |
4 Stars |
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Markel |
CPAs, enrolled agents, general accounting practices, tax preparation firms, bookkeepers, part-time practices. Defense outside limits available, first $7,500 in claims expenses paid by carrier. Minimum premium is $500. Limits up to $5 million. |
Brokers and Agents |
5 Stars |
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The Hartford |
Full-time, private accounting firms with one to 50 professionals including CPAs, public accountants, enrolled agents, tax preparers and bookkeepers. Coverage includes innocent insured, newly acquired entities with five or fewer professionals, network security and theft of data, subpoenas, defendants reimbursement, disciplinary proceedings, and discrimination defense. Minimum premium is $500. Limits up to $5 million |
Brokers and Agents |
3 Stars |
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AIG |
Small to midsize firms with up to $10 million in revenue. Regulatory inquiry/disciplinary proceedings, employment practices defense coverage available. Network security and privacy available via endorsement. Additional products available include defense outside limits, employment practices liability, nonprofit D&O defense limit, employee dishonesty coverage and optional extended reporting period. Limits up to $5 million. |
Agents |
4 Stars |
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James River |
Accountants/CPAs, bookkeepers, tax preparers and firms with less than 15 professionals on staff. Limits up to $5 million primary or excess. |
Appointed Brokers |
5 Stars |
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Rockhill Insurance Group |
Firms of five to 50 professionals. Employment practices liability, employee dishonesty, cyber liability and fiduciary available. Can manuscript endorsements if needed. First-party cyber up to $50,000 and additional $50,000 for defense coverage, regulatory privacy coverage available up to $10,000 with no deductible, regulatory coverage available up to $100,000. Limits available up to $5 million. |
NAPLIA Agents and Specialty Brokers |
5 Stars |
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United States Fire |
Small and midsize accounting firms. Prior acts available for qualified firms. Limits up to $5 million. |
Direct |
3 Stars |
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Source: Crittenden Research Inc.(TM) |
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Accountants Professional Liability
Administered By: Monitor Liability Managers
Distribution: Carrier Direct
| Industries: |
Accountants & Accounting Services |
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Carriers: Admiral Insurance Co., Berkley Insurance Co., Carolina Casualty Insurance Co.
Coverage: Excess, Professional Liability, Umbrella/Excess
Limits: up to $5 million (Primary/Excess)
Accountants Professional Liability Insurance
Administered By: Philadelphia Insurance
Distribution: Carrier Direct
| Industries: |
Accountants & Accounting Services |
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Carriers: Philadelphia Insurance Co.
Coverage: Business Owners Policy (BOP), Cyber Liability, Professional Liability
Limits: up to $3 million
Accountant's Professional Advantage
Administered By: Hanover Insurance Group
Distribution: Carrier Direct
| Industries: |
Accountants & Accounting Services |
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Carriers: Hanover Insurance Co.
Coverage: Professional Liability
Limits:
Accountants Professional Liability Program
Administered By: Target Professional Programs
Distribution: MGA
| Industries: |
Accountants & Accounting Services |
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Carriers: Hartford Twin City Fire Insurance Co
Coverage: Professional Liability
Limits: up to $5 million
CPA Gold
Administered By: Jorgensen & Co.
Distribution: MGU
| Industries: |
Accountants & Accounting Services, Consultants/Consulting Risks |
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Carriers: QBE Insurance Corp.
Coverage: Professional Liability
Limits: up to $10 Million (Depends upon the size of the risk)
Accountants E&O
Administered By: ProSight Specialty Insurance
Distribution: Carrier Direct
| Industries: |
Accountants & Accounting Services |
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Carriers: ProSight Specialty Insurance Group
Coverage: Data Security, Errors & Omissions (E&O), Risk Management
Limits: Call - for Limits
Accountants Professional Liability Insurance
Administered By: Herbert H Landy
Distribution: Program Administrator
| Industries: |
Accountants & Accounting Services |
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Carriers: Great American Insurance Cos.
Coverage: Professional Liability
Limits: up to $5 million
Accountants
Administered By: Argo Pro
Distribution: Direct/Broker
| Industries: |
Accountants & Accounting Services |
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Carriers: Argo Group US Inc.
Coverage: Errors & Omissions (E&O), Excess, Professional Liability
Limits: up to $5 Million
Argo Flex-XS℠
Administered By: Argo Pro
Distribution: Direct/Broker
| Industries: |
Accountants & Accounting Services, Directors & Officers (D&O), Financial Consultants/Planners, Insurance Companies, Lawyers |
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Carriers: Argonaut Insurance Co.
Coverage: Crime, Cyber Liability, Directors & Officers (D&O), Excess, Fidelity, Fiduciary Liability, Miscellaneous Professional Liability, Professional Liability, Umbrella/Excess
Limits: up to $15 Million
E & O For Accountants
Administered By: XL Catlin
Distribution: Direct/Broker
| Industries: |
Accountants & Accounting Services |
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Carriers: XL Catlin Insurance Co., Inc.
Coverage: Cyber Liability, Legal Liability, Professional Liability
Limits: up to $10 Million (Excess)
Employment Practices Liability
Administered By: Kinsale Insurance
Distribution: Carrier Direct
| Industries: |
Accountants & Accounting Services, Architects & Engineers (A&E), Art Galleries/Fine Art/Museums/Antique Dealers, Auto Service and Repair, Auto/Car Dealerships, Aviation Risks & Airports, Banks, Brokers/Dealers, Camps (Youth, Sports & Enrichment), Chemical Manufacturers/Distributors, Commercial Auto (Public Transportation), Construction Equipment/Machinery/Materials, Educational Risks (School Administrators), Energy Companies, Film Risks, Gas Stations, Hospitality (Hotels/Motels), Insurance Agents, Insurance Companies, Investment Advisers, Lawyers, Logging/Lumber/Forestry Risks, Manufacturers (Hardware), Manufacturers/Manufacturing Risks, Mine/Mining Risks, Miscellaneous Risks, Museums, Nonprofit Organizations, Real Estate Agent/Broker, Research/Research Organizations (Clinical, Etc.), Restaurants, Retail, Social Services, Utility Companies |
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Carriers: Kinsale Insurance Co.
Coverage: Bodily/Personal Injury, Employment Practices Liability (EPL)
Limits: up to $5 million/$5 million (Primary Limits)
E&O For Tech/Media/Telecom
Administered By: XL Catlin
Distribution: Direct/Broker
| Industries: |
Accountants & Accounting Services, Colleges & Universities, Digital & Software Development, Distribution Risks, Energy Companies, Financial Institutions, Healthcare Systems, Insurance Agents, Lawyers, Manufacturers (Hardware), Manufacturers/Manufacturing Risks, Real Estate Agent/Broker, Retail, Technology Risks, Telecommunication Services |
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Carriers: XL Insurance Co.
Coverage: Cyber Liability, Data Security, Errors & Omissions (E&O), Excess, Network Security Liability, Privacy Liability/Notification Expense, Umbrella/Excess
Limits: up to $10 million
Markel Accountants Professional Liability Program
Administered By: All Risks
Distribution: Program Administrator
| Industries: |
Accountants & Accounting Services |
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Carriers: Markel Corp.
Coverage: Professional Liability
Limits: up to $5 million
Miscellaneous Professional Liability
Administered By: U.S. Risk
Distribution: MGA
| Industries: |
Accountants & Accounting Services, Appraisers , Architects & Engineers (A&E), Auctioneers, Collections/Repossession Risks, Directors & Officers (D&O), Notary Public, Security/Investigation/Alarm Systems, Technology Risks, Third-Party Administrators (TPAs) |
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Carriers: Admiral Insurance Co., Lloyd's of London
Coverage: Business Owners Policy (BOP), Directors & Officers (D&O), Employment Practices Liability (EPL), Excess, Professional Liability, Umbrella/Excess
Limits: up to $5M (Professional Liability Policy), up to $2M (Employment Practices Policy)
Premier (Accountants)
Administered By: Pearl Cos.
Distribution: Program Administrator
| Industries: |
Accountants & Accounting Services |
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Carriers: General Star National Insurance Co.
Coverage: Errors & Omissions (E&O), Professional Liability
Limits:
Premier Plus (Accountants)
Administered By: Pearl Cos.
Distribution: Program Administrator
| Industries: |
Accountants & Accounting Services |
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Carriers: General Star National Insurance Co.
Coverage: Errors & Omissions (E&O), Professional Liability
Limits: up to $5 million (Primary)
Professional Liability Division
Administered By: Kinsale Insurance
Distribution: Carrier Direct
| Industries: |
Accountants & Accounting Services, Architects & Engineers (A&E), Financial Consultants/Planners, Insurance Agents, Lawyers, Miscellaneous Risks, Real Estate Agent/Broker, Real Estate Appraiser, Real Estate Managers |
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Carriers: Kinsale Insurance Co.
Coverage: Excess, Professional Liability
Limits: up to $5 million (Excess)
Professional Liability (Non-Medical)
Administered By: James River Insurance Co.
Distribution: MGA
| Industries: |
Accountants & Accounting Services, Architects & Engineers (A&E), Civil Engineering/Surveyors, Insurance Agents, Interior Designers, Landscape Design/Landscaping/Lawn Service, Lawyers, Miscellaneous Risks, Project Managers, Tax Preparers |
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Carriers: James River Insurance Co.
Coverage: Excess, Professional Liability
Limits: up to $5 million (Excess), up to $5 million (Primary)
Protexure accountants
Administered By: Amerinst Professional
Distribution: MGA
| Industries: |
Accountants & Accounting Services |
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Carriers: AmerInst Insurance Group, Crum & Forster Indemnity Co., United States Fire Insurance Co.
Coverage: Professional Liability
Limits: up to $5 million
Accounting Professionals
Administered By: Travelers Indemnity Co.
Distribution: Carrier Direct
| Industries: |
Accountants & Accounting Services, Workers Compensation |
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Carriers: Travelers Indemnity Co.
Coverage: Errors & Omissions (E&O), Excess, General Liability, Professional Liability, Umbrella/Excess
Limits: