APLL Application
This is an application for a "Claims Made" policy. If an insurance policy is subsequently issued, it will only apply to claims first made against the insured during the policy period.
Click here to download an APLL application form (PDF 72K)
Policy Highlights
Why pay high premiums based upon large firm losses due to failed audits or high risk SEC engagements? If your firm has less than 10 total staff and you do not need coverage for attest services, CPA Mutual may have the answer for your professional liability needs. (Click here for a policy specimen)
CPA Mutual now offers a limited Accountants policy. Listed below are the types of services we cover under this policy:
Accountant, bookkeeper, enrolled agent, or tax preparer means a protected person who, in your name and on your behalf and for your clients:
- provides tax advice;
- prepares tax returns;
- files tax returns;
- provides tax proceeding representation;
- compiles, prepares, or assembles financial data statements in accordance with:
- Generally Accepted Accounting Principles;
- Generally Accepted Tax Accounting Principles;
- Internal Revenue Service Tax Code Guidelines; or
- Other Comprehensive Basis of Accounting.
- assists in the maintenance and preparation of financial records, including the posting of receipts, disbursements, and adjustments in the accounting records;
- reconciles accounting activity to subsidiary records;
- reviews documents for accuracy and coding;
- maintains fixed asset records;
- maintains payroll registers, records employees earnings, and prepares payroll checks, so long as this person does not sign checks or handle or have access to client funds;
- reviews invoices or statements of account on behalf of your clients and prepares for the payment of such items with client funds, so long as this person does not sign checks or handle or have access to client funds;
- services, consults, orders, delivers, installs, and trains in the use of computer hardware, software, and related supplies; or
- serves as a Fiduciary.
We can offer limits of $100,000 or $250,000 per claim and aggregate; deductibles start as low as $2,500 and are based upon your firm’s billings.
As you can see, this policy offers fairly broad coverage and will apply to those firms not doing audits or reviews. Because of this, we are also able to reduce our rates and charge only for professional staff so your savings can add up quickly. Please see the APLL Specimen for a specimen copy of the policy.
Want a quote before you apply?
Click here to get a Quick Quote for your policy.