London American Professional Liability, LLC introduces a new Accountants Professional Liability Program

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Fort Lee, New Jersey – London American Professional Liability, LLC (LAPL), a Program Administrator and MGA, introduces a new program for Accountants Professional Liability. The program is being offered in most states and is underwritten by an A XI Excellent A.M. Best rated insurance carrier. This professional liability program is designed to protect Accounting firms with revenues up to $17.5 million and up to 75 professionals.

Policy Highlights include:

Primary and Excess coverage available
Punitive damages coverage
Personal injury coverage
Predecessor firm coverage
Defense costs for Disciplinary Proceedings $10,000 (in addition to the policy Limit of Liability).
Supplemental Limit of Liability for Expense Reimbursement of $500 each day with a $5,000 aggregate limit
Coverage is extended to independent contractors by agreement of Named Insured and if a fee inures to the Named Insured for subject Professional Services
Coverage is extended to employees while acting within the scope of their employment duties
Covered Professional Services include services performed by an Insured:
- in the practice of Public Accountancy including Financial Planning Services
- as a member of a formal accreditation board, standard review or similar professional board or committee related to the accounting profession,
- as an arbitrator, mediator or notary public,
- as an administrator, executor or representative of an estate,
- as a trustee of an individual or family trust.
Mediation provision reduces retention
Automatic 60-day extended reporting period
Optional extended reporting period options are available
Worldwide coverage for suits brought in the U.S.
Company has right and duty to defend

Limits/Deductibles/Premiums

Up to $5,000,000 each claim/$5,000,000 Annual Aggregate Limit
Minimum retention $5,000 each claim

For more information, please contact:
Ed Velasquez, President,
London American Professional Liability
evelasquez@londonamericantx.com
Ph 201.944.7000
or visit the company’s website at
www.londonamericannj.com

Media Contact:
Zane Carson, Director of Marketing
London American Risk Specialists, Inc.
zcarson@londonamericantx.com
Ph 713.977.7726

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