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Marsh Professional Liability Insurance Program For Accountants

Comprehensive program coverage to protect your growing business

Marsh Canada is pleased to provide a Accountants Professional Liability Insurance Program adapted to protect accountants from claims or lawsuits alleging financial loss as a result of a service provided.This insurance program provides leading risk management services and coverage features for accountants professional liability insurance.

 

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Accountants Professional Liability Insurance Program Highlights

Accountants Professional Liability Insurance provides a firm and all its professionals and employees with protection should a claim be brought against them alleging malpractice in the rendering or failure to render professional services in the capacity of an accountancy firm or an accountant.

Accountants Professional liability insurance can be an important asset for your business. It not only protects your workers and your organization financially by providing a defense and paying damages in the case of a claim, but it also helps to safeguard your firm's reputation when faced with claims of errors in your professional services.

The program features a variety of plans tailored to fit your CPA firm’s size,risk profile and coverage requirements.

Accountants' liability insurance can help protect your firm if a customer sues you for:

  •  While preparing your client's financial statement, you omitted a significant charge.
  •  They assume their financial loss on their tax returns was caused by a bookkeeping error made by your tax preparer.
  •  You recommended a course of action to your client that resulted in them incurring significant financial losses.

This program is designed for individuals and CPA firms who offer professional services like CPA’s, CAs, CMAs, CGAs, CBVs and want to protect their financial position and professional reputation.

 Marsh Accountants Professional Liability Insurance (APLI) Program provides access to best-in-class insurance protection to Canadian Accountants. The Marsh APLI policy, in contrast to the majority of other plans, does not limit or exclude the coverage some fundamental services provided by a Canadian accountants.

The program was developed by Marsh Canada. Our size and worldwide presence mean that we can bring significant experience and expertise to assist you with your insurance needs.

An instant coverage limit of up to $20,000,000 is available. You can contact us if you require a greater limit.

Policy Differentiators

For services rendered and claims jurisdiction.

 Provided to entities in which an insured has an ownership Interest, provided full written disclosure to the client is made of such interest prior to services being performed. 

No restrictions or reduced limits. 

Coverage in relation to claims insured under the policy for up to $1,000 per day for partners; $200/day for other employees. 

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*Information on this website represents a synopsis of coverage and is provided as a reference only. The actual policy, including endorsements determines coverage. It contains exclusions, limitations and other provisions not referenced (or only briefly summarized) here and the policy should be consulted for full coverage terms, conditions, and requirements. Deductibles may apply. For exact terms, definitions, limitations, and exclusions, please speak with your licensed Marsh Canada Limited insurance broker, or refer to the policy wording.

Marsh agents liability insurance program coverages will be placed with a program administered by Marsh Canada Limited. Marsh Canada has engaged in a competitive marketing process to offer a competitive product.  We have negotiated this Program on a group basis with insurers but we have not acted as a broker for any individual participant.    

This Program may be for a term of several years and may not be negotiated annually.