Tax Preparers & Bookkeepers Professional Liability Insurance

Our Professional Liability Insurance program covers Accountants, Bookkeepers, Enrolled Agents, and Tax Preparers for services provided in their accounting practices. Our broad definition of Professional Services includes Accounting, Financial Planning, Consulting, Notary Public, Fiduciary, Investment Advisor and Arbitrator/Mediator.

Tax Preparers & Bookkeepers Professional Liability Insurance Highlights

NEW! EXPRESS Program - 20% Premium Reduction, $0 (Zero) Deductible Option and Increase in Revenue Eligibility to $1,000,000 Over the Last Three Year Period. TWO-YEAR Policy Option and Convenient Self-Rating Application
NEW! Broad Definition of Professional Services Now Includes Services (other than audit & review) Performed for Entities Owned or Controlled by Insured
NEW! 5 Ways to Reduce Your Deductible (Largest Applies) **

Reduction of Up to 50% for Use of Engagement Letters on Services Other than Audit & Review, $25,000 Maximum/Policy Period
Diminishing Deductible for Claims-Free Longevity, $10,000 Maximum/Per Claim
Reduction of Up to 50% if Claim is Resolved Through Arbitration or Non-Binding Mediation, $25,000 Maximum/Policy Period
Reduction of Up to 50% if Claim is Resolved Within One Year, $25,000 Maximum/Policy Period
Reduction of Up to 50% for Pro-Bono Services Provided to Non-Profit Organizations, $25,000 Maximum/Policy Period

INCREASED Supplementary Payments – No Deductible Applies**

Pre-Claims Assistance Includes All Fees, Costs & Expenses Incurred to Help Mitigate a Potential Claim
Defense of Disciplinary Proceedings - $50,000/Policy Period
Security Incident Reimbursement - $25,000/Policy Period
Reimbursement for Loss of Earnings – to $100/hour
Public Relations Crisis Expenses - $30,000/Policy Period
Non-Profit Directors & Officers Coverage - $15,000/Policy Period
Subpoena Assistance - Response for Legal Fees & Expenses

Initial Claim Expense Limit - Protects Erosion of Policy Limits by Legal Fees
Premium Credit for Completion of Qualified Risk Management Programs
Multiple Deductible Options Including Aggregate Deductible and First Dollar Defense
Multiple Extended Reporting Period Options Including Free Unlimited Options for Death, Disability and for Individual Qualified Retirees
60 Day Claim Reporting Grace Period
Unlawful Use, Theft, or Embezzlement of Funds by Insured - $50,000 Per Policy Period
Confidential Risk Management Hotline Included with Policy

Cyber Extension Endorsement Highlights

1st Party Coverages

Restoration Costs
- Pays for expenses when data assets are damaged.
Data Breach
- The legal fees, forensics fees, notification costs, identity theft prevention and restoration costs, and call center costs related to a data breach.
PCI Compliance Violations
- Protects against fraud recovery, card reissuance costs, case management fees, and fines and penalties imposed pursuant to a merchant contract.
Network Disruption
- Reimburses the Insured for lost profits, extra expenses and restoration costs related to network disruption.
Reputational Harm
- Reimbursement of lost profrt and extra expense as a result of adverse media coverage.
Cyber Crime
- Protection from extortion, telecom hacking and EFT fraud.

liability Coverages

Privacy Liability
- Covers privacy related lawsuits (civil and criminal).
Network Securny Liability
- Covers network securny related lawsuits, including transmission of malicious code, inability to access systems and business impersonation.
Regulatory Action Coverage
- Coverage for defense costs as well as consumer redress funds and civil fines and penalties.
Multimedia Liability Coverage
- Protects against numerous media perils including (but not limned to) defamation and copyright infringement

Public Relations Coverages

For Any Covered Event
- Public Relations Consultants are provided for claims as well as data compromises.
Warn Public About Business Impersonation
- Proactive notice is provided to the public to help mitigate potential fallout from business impersonation including phishing attacks, typo-squatting and other misuse of the company's brandfimage.

Features

Voluntary Notification
- No sublimits
PCI Fines, Penalties, and Assessments
- No sublimits
Multimedia Liability
- All content, any medium
Broad Definition of Computer
- lncludes employee-owned devices
Expansive Definition of Claim
- Written demands, alternative dispute resolution, monetary & non-monetary relief, tolling agreements
Regulatory Action Coverage
- No sublimits
Reputational Damage Loss
- 90-day reimbursement period
Wide Definition of Network Disruplion
- Includes security-related outages, denial of service attack and vendor errors
Restoration Costs Broadly Worded
- Includes cost to determine cause and scope of damage, as well as costs incurred to restore data
Broadly Worded Security Event Related Outage Definition
- Includes voluntary suspension of normal business activities
Vendor Error Network Disruplion Trigger
- Reimbursement available when a vendor error causes business interruption
Waiver of Retention Provision
- No retention applicable to numerous fees and circumstances

U.S. States Available

U.S. States Available:

Provider Type:

Managing General Agency

Admitted:

All Available States

Carriers:

Carrier Ratings:

A.M. Best A+ Superior

Commission:

Competitive

Min Premium:

-

Coverages:

Accounting, Audit and Bookkeeping Insurance Bookkeeper Professional Liability Insurance Bookkeepers Insurance Bookkeepers and Tax Practitioners Insurance Bookkeepers Errors and Omissions Insurance Bookkeepers/Staffing Lines Insurance Bookkeeping Services Insurance Tax Preparers Professional Liability Insurance

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The Herbert H. Landy Insurance Agency, Inc has other insurance programs like Accountants Professional Liability Insurance.

The Herbert H. Landy Insurance Agency, Inc

The Herbert H. Landy Insurance Agency, Inc

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Tax Preparers & Bookkeepers Professional Liability Insurance

U.S. States Available