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Accountants Professional Liability

Your professional practice could be faced with the threat of a lawsuit, therefore jeopardizing your goods and properties because of an unsatisfied client making a judicial claim.  You could be sued without a valid reason and a justified or meritless defense process requires a lot of time and money.

This is an alternative for helping you to deal with this situation. 

 

The coverage includes:

 

• Attorney and defense fees

• Indemnity payment within policy limits

• Reimbursement from $500 up to a $5,000 maximum for court assistance at the request of the company

• Extended claim reporting coverage period option

• Applies to any incident occurred in any part of the world, if the lawsuit is filed in US territory

 

• Disciplinary action cost reimbursement up to $5,000 without applying a deductible.

 

Basic limits:

 

• $100,000 minimum limit up to the $2,000,000 maximum limit

• $1,000 minimum deductible up to $25,000 maximum deductible per claim

 

 

The limits may be extended. Please let us know if you are interested when turning in your application.

 

What distinguishes our policy?

• Competitive premium

• Our rates take into consideration your specialty and experience

• Coverage provided by a purely local (Puerto Rican) company

• Reinsurers with 30 years of experience with this coverage and A++ “Best rating”

• Incidental consulting coverage

• Consent from the insured before reaching an agreement.

• Retroactive coverage available

• Coverage for former and current employees

• Premium financing available

 

 

 

Important Notice

This information represents a summary of the policy’s most important characteristics. For more information please refer to the policy or contact your authorized representative or producer.

 

 

 

 

 

 




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