Accountants

Tailored industry coverage

 

Why purchase tailored coverage?

Accountants require specialized coverage for their professional liability and general liability needs. Hiscox provides a policy that understands all the risks these professionals face, and also allows for potential privacy and crime exposures.

Appetite

Coverage available for services rendered to clients, where insured holds an equity interest up to 15%

Related products

Package Accountants coverage with the following products: General Liability, Cyber, Crime, and Technology.

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Claims scenarios 

Not sure what risks our product covers? We’ve brought some scenarios to life.

Professional Liability

An accountant’s former client alleged that he provided inappropriate tax and investment advice when he convinced them to invest in a rental car company that went bankrupt. Most accountants’ professional liability coverage would not extend to claims involving investment losses.

Professional Liability

An accountant’s former client alleged that he provided inappropriate tax and investment advice when he convinced them to invest in a rental car company that went bankrupt. Most accountants’ professional liability coverage would not extend to claims involving investment losses.

General Liability

An accountant ran a local advertising campaign, and inadvertently used a slogan that was very similar to one used by a financial planning firm in the same city. When he was sued by the financial planning firm, his general liability policy covered his defense costs as well as the settlement.

General Liability

An accountant ran a local advertising campaign, and inadvertently used a slogan that was very similar to one used by a financial planning firm in the same city. When he was sued by the financial planning firm, his general liability policy covered his defense costs as well as the settlement.

Privacy

An accounting firm’s computer system was hacked, compromising payment information of hundreds of clients.  The firm was required to absorb the cost of notifying all of the affected clients, issuing new credit cards, and providing credit monitoring.

Privacy

An accounting firm’s computer system was hacked, compromising payment information of hundreds of clients.  The firm was required to absorb the cost of notifying all of the affected clients, issuing new credit cards, and providing credit monitoring.

Crime

A CPA firm prepared tax returns and provided bookkeeping and bill-paying services for an individual and several of his companies. A long-term employee of the firm embezzled a substantial amount of money from the client over a five-year period by writing unauthorized checks to herself. The loss to the client exceeded $560,000. 

Crime

A CPA firm prepared tax returns and provided bookkeeping and bill-paying services for an individual and several of his companies. A long-term employee of the firm embezzled a substantial amount of money from the client over a five-year period by writing unauthorized checks to herself. The loss to the client exceeded $560,000.