Limits and Retention

Limits

Claim Expenses within the limit of liability, exceptions made for CEOL were state mandated

  • $250,000/$250,000

  • $500,000/$500,000

  • $500,000/$1,000,000

  • $1,000,000/$1,000,000

  • $1,000.000/$2,000,000

  • $2,000,000/$2,000,000


Deductible Options

Per Claim deductible. No “loss only” or “first dollar defense”

  • $5,000

  • $10,000

  • $15,000

  • $20,000

  • $25,000

  • $50,000


 

Program attributes

Areas of Practice (AOPs)

  • Audit, Review and Compilation

  • Taxes, personal corporate and estate

  • Consulting Services

  • Trustee and Non trustee (separate questionnaire)

  • Bookkeeping and Payroll

  • Financial Planning (separate application)

  • Technology

 

Program Declinations

  • Firms that provide audits to publicly traded companies

  • Firms that provide personal financial planning greater than 25% of practice

  • Firms that provide consulting services greater than 25% of practice

  • Firms that are providing (ERC) Employment Retention credits