Overview — Accountants Professional Liability Insurance from The Herbert H. Landy Insurance Agency, Inc.
The Herbert H. Landy Insurance Agency, Inc. offers a dedicated Accountants Professional Liability Insurance program designed for accounting firms, sole practitioners, and accounting-adjacent service providers. This program is underwritten through Great American Insurance Company and Great American Assurance Company and delivered via Landy as a Managing General Agency, giving agents access to admitted paper and a full suite of risk-management support tailored to accounting professionals.
Covered Services
The program provides professional liability coverage for a wide range of accounting and advisory services, including:
- Accounting: Protection against claims arising from accounting engagements and financial reporting.
- Financial Planning: Coverage for financial advisory and planning services.
- Consulting: Liability protection for various consulting activities performed for clients.
- Notary Public: Coverage for notarial acts performed within the scope of professional services.
- Fiduciary: Protection for fiduciary responsibilities undertaken on behalf of clients.
- Investment Advisory: Coverage for investment advice and related services when provided by the insured.
- Arbitration/Mediation: Liability protection for services performed as an arbitrator or mediator.
Risk Management Assistance
Policyholders gain access to proactive tools designed to reduce loss frequency and severity:
- Legal Hotline and Pre-Claims Assistance: Early access to legal advice to help resolve exposure before it becomes a formal claim.
- No-Cost Quarterly Webinars: Continuing Professional Education (CPE) opportunities for insureds; participation may also qualify for periodic premium credits where applicable.
Policy Highlights
- EXPRESS Program: Eligible firms can qualify for a streamlined placement that may include a 20% premium consideration, a zero-deductible option, and acceptance for firms with up to $1,000,000 in revenues over the past three years. A two-year policy option is available for greater premium stability and reinstatement of policy limits.
- Increased Supplementary Payments: Enhanced limits for supplementary payments are available with no deductible applied.
Ideal Accounts and Appetite
This program is a good fit for accountants and small to mid-sized firms that provide typical accounting, tax, and advisory services. Target accounts include:
- Small CPA firms and sole practitioners
- Bookkeepers and accounting consultants who offer payroll, tax preparation, or advisory services
- Firms that perform limited investment advisory or fiduciary activities as part of broader accounting services
Accounts that typically fit well are those with clear engagement letters, manageable revenue levels (see EXPRESS eligibility), and a limited history of professional liability claims. Larger firms, highly specialized practices with unusual exposures, or firms with significant securities or ERISA fiduciary work may require referral to broader markets or specialized programs.
Underwriting Notes
- Underwriters focus on revenue trends, services performed, claims history, use of engagement letters, and internal controls.
- The EXPRESS option speeds placement for eligible small firms (up to $1,000,000 revenue over the past three years) and offers simplified underwriting credits and deductible options.
- Minimum premiums and specific underwriting requirements vary by state and applicant profile—contact Landy for current guidelines and submission instructions.
Territories and Availability
Availability: All Available States
This program is available in the following states:
AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY.
Why Work with The Herbert H. Landy Insurance Agency, Inc.
- As a Managing General Agency, Landy provides streamlined access to admitted carriers (Great American Insurance Company and Great American Assurance Company) and underwriting expertise for accounting risks.
- Practical risk-management tools—hotline advice and CPE webinars—help reduce claims exposure and support insureds.
- EXPRESS placement and flexible policy options (including two-year terms) make it easier to place smaller or straightforward accounts quickly.
Example Placement Scenarios
- You have a three-partner CPA firm that provides tax prep, monthly bookkeeping, and limited financial planning. Their revenue fits within EXPRESS guidelines and they value the two-year option for premium stability.
- You represent a sole practitioner who performs tax returns, notary services, and small business consulting with a clean claims history—this client is likely to qualify for streamlined placement and risk-management resources.
For more detailed underwriting criteria or to submit a risk, contact The Herbert H. Landy Insurance Agency, Inc. or review their program materials on the company website.
Frequently Asked Questions
What types of accounts are a good fit for this accountants professional liability program?
This program is best for small to mid-sized accounting firms, sole practitioners, bookkeepers, and consultants offering tax, bookkeeping, payroll, and limited advisory services—particularly firms with clear engagement letters and manageable revenue levels.
What is the EXPRESS program and who qualifies?
EXPRESS is a streamlined placement option for eligible firms that can include a 20% premium consideration, zero-deductible choices, and acceptance for firms with up to $1,000,000 in revenues over the past three years. Eligibility is determined by underwriting review of services, revenue, and claims history.
What risk management support does Landy provide to insureds?
Policyholders have access to a legal hotline and pre-claims assistance, plus no-cost quarterly webinars that offer CPE credits. These resources are intended to help insureds manage exposures and reduce the likelihood of formal claims.
Which carriers underwrite this program and where is it available?
The program is underwritten by Great American Insurance Company and Great American Assurance Company and is available in the states listed above. Availability and certain terms may vary by state, so check current guidelines before submission.
Need help placing an account? Connect with a market specialist.