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Posted on: October 26, 2023 by Huntersure
Professional liability insurance is essential for safeguarding the careers and financial security of various professionals, including accountants. Prior acts coverage is an integral part of protection for these professionals. Insurance agents should understand the intricacies of prior acts insurance and its importance for their accountant clients. Learning about these policies will help you craft the […] Read More
Posted on: August 8, 2019 by Huntersure
A difficult concept for purchasers of professional liability insurance is what prior acts coverage refers to as well as claims-made policies. A negligence claim against a lawyer or any other type of professional, such as an accountant, typically evolves from services that were provided many years before the time of the claim. With this in […] Read More
Posted on: February 14, 2019 by Huntersure
There are many liabilities that accounting firms face every day and when it’s tax season, those liabilities become even more serious. From errors and omissions to seemingly simple mistakes to a complete system breakdown within the firm, the role of an accounting firm and its accounting professionals that help keep is based on meticulousness and […] Read More
Posted on: September 13, 2018 by Huntersure
Accountants know that there are many pitfalls that can come with offering services to clients. From errors and omissions to seemingly simple mistakes that comes back and haunt you in the long run, the role of a CPA is one that involves a heavy focus on being meticulous. But even if your clients feel that […] Read More
Posted on: April 11, 2018 by Huntersure
When law professionals invest in coverage particular to their own needs it’s a good step to insure their reputation. But beyond a basic policy, like Attorney Liability Insurance, which covers lawyers in the event of financial loss due to errors and omissions, there can be an added layer of protection offered to them through third-party […] Read More
Posted on: December 2, 2016 by Huntersure
In its most standard definition, Lawyers’ Prior Acts Coverage means that the lawyer or attorney is covered for acts, errors, or omissions that occurred prior to their insurance policy’s inception date. But, why would your clients need such a policy? Well, imagine one of their lawyers leaves the firm, retires, or switches to in-house counsel. […] Read More
Posted on: May 26, 2015 by Huntersure
In its most standard definition, Lawyers’ Prior Acts Coverage means that the lawyer or attorney is covered for acts, errors, or omissions that occurred prior to their insurance policy’s inception date. Why would your clients need this type of coverage though? Let’s say that a lawyer leaves his or her firm to go in-house, go […] Read More