Protexure Accountants Blog

Professional Liability Policies Are No Longer Plain Vanilla

Accounting Malpractice Insurance for Small CPA FirmsMany companies think that all accountants professional liability insurance policies are alike. In truth, most insurance coverage is based on the size of a firm and the professions being insured. No one is immune to risk and not all policies provide the same protection. Coverage comes in a variety of flavors, depending on your needs.

Data breaches, cyber threats, malware and internal theft are events that are hard to predict or mitigate – and they are popping up faster than attorneys can litigate them. Are you protected?

As a small CPA firm you can have access to the same network security and privacy tools typically reserved for larger companies. Our RLI Privacy Protection Package for Accounting and Legal Professionals includes liability coverage for enterprise privacy, electronic media peril, network security breaches, crisis management, data loss and cyber extortion – to name just a few. Resources provide access to risk management counseling, forensic specialists, network and privacy self-assessments and detailed plans to help you minimize your exposures and risks.

Learn more about accountants professional liability policies that go beyond the plain vanilla.

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Posted by Kyle Nieman

Kyle Nieman, a 25 year veteran of the insurance industry, is President and Chief Executive Officer of Amerinst Professional Services, Ltd. Most recently, Kyle was senior vice president of distribution strategy at CNA where he managed agency/broker relationships and cross-sell strategies. Prior to leading distribution, Kyle was Vice President of Underwriting for CNA’s multiple professional liability portfolios including accountants, attorneys and real estate agents. For over 20 years, Kyle was responsible for underwriting and program management for the AICPA endorsed professional liability program and several state bar programs at CNA and at Crum and Forster where he started his career.

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Published In: Practice Management, Professional Liability Insurance